Page 45 - Respond 2016 Magazine
P. 45

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           Therefore, Agrobanco is implementing a series of measures to   It has also accomplished the following strategic actions:
           become a Green Bank, such as:                        •     A 50 million Euro credit line from the AFD (Agence Française de
           •     Implementing an Environmental and Social Risk Management   •     A 5 million Euro grant from the European Union to develop the
             System - SARAS (its acronym in Spanish), with the support of   Green Bank Project.
             the European Union.                                •     An agreement with the GIZ (Gesellschaft für Internationale
           •     Increasing its green portfolio from 9.6% in 2015 to 26.5% in   Zusammenarbeit) to provide the services of an integrated
             2019.                                                 forestry expert, to develop green products.
           •     Implementing best corporate practice programs to reduce   •     An economic, social and environmental impact assessment
             polluting processes. For example: Since 2014 the Institutional   workshop with Finance Alliance for Sustainable Trade (FAST).
             Annual Report is only available in digital format, which avoids   •   Implementation of the Green Bank Department.
             the use of 500 kilos of paper and 162 thousand liters of water   •   Participation at the COP20 (Lima) and COP21 (Paris).
             for each edition.                                  •   Signatory of the Green Financial Protocol in 2014.
           •     Measuring the Carbon Footprint in its offices in Lima (2015) and   •     Organization of the International Seminar on Rural Microfinance
             at national level (2016).                             “Promoting Forest Development in Peru”.
                                                                •     Financing reforestation, agroforestry and sustainable forestry

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