"Green is the most resilient", Pedro Marchetti, FDL Nicaragua

Start Year: 2013

About the Action Group:

The e-MFP Green Inclusive & Climate Smart Finance Action Group (GICSF-AG) is a unique multi-stakeholders think tank that brings together inclusive finance practitioners to discuss, exchange experiences and find common path in dealing with environmental issues, grab green opportunities and create new practical tools to advance green inclusive and climate smart finance.

The GICSF-AG disseminates its results among e-MFP and GICSF-AG members and the inclusive finance sector at large, with the aim of increasing stakeholders' awareness of the issues and commitment to act. It is meant as both an internal knowledge-sharing and an external awareness-raising platform that serves as a reference in the sector and contributes to fostering and supporting inclusive finance stakeholders committed to environmental protection and climate resiliencies.

The role of inclusive finance institutions in environmental protection and climate change adaptation is no longer debatable. Their clients are among the most affected by climate change, environmental degradation, as well as energy poverty, among other threats and managing these risks as well as the emerging opportunities in green inclusive finance is crucial to achieve financial and social inclusion.

The Sustainable Agenda 2030 calls for immediate action. We strongly believe that inclusive finance stakeholders have a critical role in protecting the environment and their clients, and that there is a great opportunity to grab to join innovation to reducing vulnerability and environmental impact. Sustainability is a fundamental pillar for financial service providers, and it is our goal to support actors in achieving their green targets.

Objectives:

• Discuss current challenges and opportunities in green inclusive finance and ways to overcome observed challenges and seize identified opportunities

• Provide training and capacity building on green inclusive finance to all interested stakeholders in the inclusive finance sector in order to improve their knowledge & action on environmental issues

• Enhance cooperation among green inclusive finance actors, share experiences, create synergies, and develop partnerships where possible

• Develop dedicated tools for green inclusive finance, recognized as "standards" by the sector and support their use among stakeholders

• Increase international attention on and (political and financial) support to green inclusive and climate smart finance

• Boost the interest and concrete commitment of all actors (MFIs, investors, consultants, services suppliers, etc.) in this field

See the AG members