In doing so, we see a role for banks to actively contribute towards reversing social injustice and environmental destruction, as well as for financial regulators and supervisors to play a critical role in making banks move swiftly in a sustainable direction. Moreover, FFA calls for a stronger cross-border sustainable finance policy coordination in Asia that is consultative, inclusive, and multi-stakeholder which includes CSOs that represent the voices of communities.
FFA as a part of Fair Finance International
The FFA program is a part of the Fair Finance International (FFI), which operates in 7 other countries globally namely Belgium, Brazil, Germany, Netherlands, Norway, South Africa and Sweden, apart from the eight FFA countries. FFI’s assessment reports on the policy and practices of national financial institutions form part of FFA’s influencing and engagement toolkit in promoting sustainable finance and responsible investments.
Through our cross-collaboration we support sustainable financing initiatives and knowledge sharing, and strengthen the evidence base in cases of harmful investments to better hold financial institutions to account. By connecting these diverse national, regional and global perspectives the Fair Finance network as a whole can advise on and advocate for meaningful changes to financing systems, with positive results for citizens and communities.