ADFIAP/WFDFI, CIPE launch corporate citizenship program for DFIs

ADFIAP, with financial and technical assistance from the Washington, D.C.-based Center for International Private Enterprise (CIPE), an affiliate of the United States Chamber of Commerce, has launched its corporate citizenship program for its member-development finance institutions (DFIs) and other like-minded financial institutions with a successful conduct of the “International Seminar-Workshop on Institutionalizing Responsible Corporate Citizenship for DFIs” on July 4-8, 2011 in Manila, Philippines. On attendance were 31 participants, mostly senior officers of ADFIAP member-DFIs and other financial institutions from Bhutan, Brunei, India, Thailand, Malaysia, Palau, the Philippines, Vietnam, Sri Lanka and Tanzania.

The ADFIAP Responsible Corporate Citizenship (ARCC) Program is envisioned to promote and develop best principles and practices on how DFIs actualize their mandate of providing financial and technical assistance for sustainable development by doing it faithfully and successfully and within the law, which ADFIAP believes form the crucial basis for DFIs to be a responsible corporate citizens, without which DFIs can offer little else to society over the longer term. ADFIAP defines responsible corporate citizenship in a DFI “as the governance of its positive impact on the economy, society and the environment through its operations, products or services, and through its interaction with key stakeholders such as its funders, employees and clients.”

The workshop’s objective was to encourage DFIs and other financial institutions to be model corporate citizens by having an internal written policy on responsible conduct, implement a communication plan to reach the policy’s internal stakeholders, and work to sustain it. As financial intermediaries, DFIs can develop good corporate citizenship guidelines and embed them in their lending decisions. The event also served as a platform for the participants to share country experiences on corporate social responsibility and good corporate citizenship. The participants were also expected to formulate action programs that will be covered in the ensuing four national workshops in Thailand, Malaysia, Vietnam and India.

The Manila program also afforded the participants to visit and learn from the Asian Development Bank (microfinance and environmental finance programs); the Planters Development Bank (SME lending policies and programs); the Development Bank of the Philippines (venture capital for the microfinance sector and the environmental lending); and the Land Bank of the Philippines (micro lending programs, SME finance programs and environmental lending programs).

Other organizations that made presentations were the Metro Bank Foundation (its President, Mr. Aniceto M. Sobrepena on corporate social responsibility) and the European Chamber of Commerce of the Philippines (its Vice President for External Affairs, Mr. Henry Schumacher, on integrity initiative and anti-corruption), and SMMC (its President, Ms. Annie Garcia on people responsibility).

The event was inaugurated by ADFIAP Secretary General Octavio B. Peralta and CIPE Program Officer, Global, Ms. Anna Nadgrodkiewickz. The main resource person is Dr. Cesar Saldaña, President, PSR Consulting, Inc. and ADFIAP Adviser on Governance and Risk Management.

For more details about this program, please email the ADFIAP Secretariat at inquiries@adfiap.org