Virtual Training Program
Environmental and Social Risk Analysis
Environment
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Mitigating Environmental Impact |
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SUSTAINABLE DEVELOPMENT |
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| Protecting the Environment of the Evolving Community |
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Avoiding Losses from Transfer of Environmental Liabilities
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Social Development |
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Economic Development |
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The On-line Course on Environmental & Social Risk Analysis (ESRA) launched in March 2006 has been exceptionally well received. Six online courses were completed in Spanish language during 2006 - 2007, with a 3 weeks on-line training offered to a total of 110 people in 17 countries of Latin America, in addition to Spain, UK, France and the United States. The English language version of this online course was launched in November 2007 and is now available in Asia-Pacific, Africa, Central and Eastern Europe.
More information:
About the Program
The Virtual Training Program in Environmental and Social Risk Analysis is an initiative of the Latin American Taskforce of the United Nations Environment Programme Finance Initiative (LATF - UNEP FI), Capacity Building International of Germany (InWent) and the INCAE, with the support of Bank of America and Ecobanking Project.
The purpose of this program is to educate employees of financial and academic institutions, NGOs, consultants and anyone interested in the activities of Latin American financial institutions in topics leading to environmental and social risk analysis and management in the financial sector's internal and external operations.
The partners in this initiative are directing this effort at having participating financial institutions improve their competitiveness and contribute to the sustainable development of the regions in which they operate by including environmental and social guidelines in their operations; this means, for example, implementing environmental and social risk analysis and management tools to help identify, evaluate and manage risks generated by their customers' operations.
The training program would become the first virtual (online) course offered by this initiative's partners; it would be implemented as a pioneering project aimed at promoting the relationship between finances and sustainable development in the region.
Virtual Training Program Objectives
General Objective
Support Latin American FIs in identifying, evaluating, and managing easily and in a timely manner the environmental and social risks generated by the activities and projects to be financed, in order to minimize the financial institution's probabilities of assuming the costs occasioned by these risks.
Specific Objectives
By training the different interested parties of Latin American financial institutions, the project hopes to:
- Raise participants’ awareness of the environmental risks produced by their customers’ activities;
Make participants aware of how a competitive advantage is achieved, creating value and reducing risks;
Demonstrate to participants the limitations of their current procedures in detecting those environmental and social risks;
Show participants the setting in which financial institutions’ customers operate in order to detect the environmental and social risks generated by their activities;
Teach participants program and system structures for institutionalizing environmental risk analysis;
Teach participants what to do to detect, reduce, and evaluate the environmental and social risks produced by their customers’ activities;
Give strategies to the participants to enable them to detect and understand marketing opportunities as a result of the environmental and social risks their customers may face;
If you would like to have more information about this program, please contact us at Ecobanking@incae.edu
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