Page 44 - Respond 2016 Magazine

microfinance

agrobanco:

eco-friendly www.agrobanco.com.pe

lending

By 2019, Agrobanco’s green portfolio will increase to nearly 26%
of its total lending.

Peru has 28 of the 32 existing climate types in the world. After Bangladesh and Honduras, it
is the third most vulnerable country to climate change, suffering the effects of the increasing A committed Chairman
amounts of Greenhouse Gases (GHG). of the Board

Change of land use from forest to agriculture and intensive shifting cultivation, which Mr. Richard Hale,
includes the livestock sector, are responsible for more than 60% of GHG emissions in Peru.
Agrobanco’s Chairman of
the Board, is a convinced
Reduction of GHG emissions in agriculture, forestry and other land use are essential parts in
the world’s fight against climate change. promoter of the bank’s
transformation into a
Peru is committed to this global goal and is adopting domestic policies accordingly. Green Bank, using a mid-
and long-term approach.
In that sense, Agrobanco, as a development bank focused on the agricultural sector, plays a
crucial role facing this challenge. “One of our goals for
Agrobanco is to be a pillar
In 2013, Agrobanco initiated the process of becoming a Green Bank through financial of the green economy
and operative activities, using mechanisms aimed at protecting the environment, while
strengthening business efficiency with a sustainable entrepreneurial approach. in Peru. Agrobanco is
becoming a model, going
The financial process integrates social and environmental aspects through the efficient use well beyond its traditional
of our resources (water, energy, paper), good practices and the implementation of green role”.
technologies, incorporating the concept of Climate-Smart Agriculture, on its way to achieve
sustainable development.

The impact of Agrobanco’s work is based on:
• Reducing credit risk by increasing the producers’ productivity.
• Accessing better funding conditions from multinational institutions.
• Creating new markets and business opportunities for producers.
• Minimizing environmental and social conflicts.
• Better positioning among public interest groups to stress the importance of Social
Responsibility.
• Eco-efficient practices.

Agrobanco endorses the Peruvian state’s commitment to comply with its Intended Nationally
Determined Contribution (INDC), a response created to manage climate change at a global Richard Hale, Chairman, Agrobanco
level, and which sets forward a series of long term mitigation and adaptation goals.

42 www.rtcc.org