A delegation from Cambodia’s banking and financial sector visited Mongolia to study the successful implementation of the Sustainable Finance Program in the country. On November 8, 2018, the delegation visited Trade and Development Bank (TDB) to learn about the Environmental and Social Risk Management System (ESRMS).
The delegation consisted of 14 senior representatives from the National Bank of Cambodia, the Ministry of Environment, and commercial banks. During the visit, discussions highlighted the importance and impact of implementing the principles of Mongolia’s Sustainable Finance Program (ToC), which has become a model for good practices not only in Mongolia but also across the Asian region.
TDB’s Executive Vice Chairman, Randolph Koppa, and representatives from the Risk Management Department welcomed the delegation. They provided a comprehensive presentation on TDB’s environmental and social risk management policies, procedures, and evaluation methodologies. The presentation also detailed how the bank assesses, manages, and mitigates potential social and environmental risks arising from its clients’ activities, sharing practical insights and success stories.
This visit underscored TDB’s role as a regional leader in sustainable finance and its commitment to sharing knowledge and fostering collaboration.