SUSTAINABLE FINANCE ADVISORY LTD
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Sustainable Finance Advisory (SFA) is an international consultancy that helps clients understand how global sustainability issues affect their business needs. SFA works closely with clients to (1) develop appropriate risk management and enhanced decision-making criteria and processes to respond to sustainability issues, (2) build capacity and knowledge through training and blended learning approaches and (3) support them to engage their clients on sustainability risks and opportunities for better business and better results. Following a roundtable on ship recycling in June 2013, the Bangladesh Ship Breakers Association (BSBA) and the Association of Bankers Bangladesh (ABB) signed a Joint Commitment Statement (JCS) on improving environmental and social (E&S) standards in the ship recycling industry in Bangladesh. To maintain momentum, continuity and focus on moving this forward, the current investment is of crucial importance.
What is our funding objective?
FMO will provide capacity development funding to support the formation of a working group that will build further awareness of the increasing importance of E&S issues in ship recycling. This group will also draft, implement and monitor a work plan.
Why do we fund this investment?
FMO has approached SFA to serve as a strategic independent advisor to support these activities. SFA will manage a transparent and robust process that is locally led and owned and will be sustained long after this project. Throughout the project Bangladeshi financial institutions will play an important role in promoting sustainable business, reducing their clients' E&S risks and in helping identify and develop new opportunities. This is fully in line with FMO's business strategy and offers a way for us to leverage our position as financier in order to create greater impact.
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| Date | Total FMO financing |
|---|---|
| 10/12/2016 | EUR 0.03 MLN |
- Region
- Asia
- Country
- Bangladesh
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 1/22/2014
- End date
- 1/9/2017
- Total FMO financing
- EUR 0.10 MLN
- Funding
- FMO NV