{"id":374778,"date":"2023-12-16T02:22:42","date_gmt":"2023-12-15T21:22:42","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=374778"},"modified":"2023-12-16T02:22:42","modified_gmt":"2023-12-15T21:22:42","slug":"bank-alfalah-joins-forces-with-ifc-to-embark-on-its-green-banking-journey","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bank-alfalah-joins-forces-with-ifc-to-embark-on-its-green-banking-journey\/","title":{"rendered":"Bank Alfalah joins forces with IFC to embark on its green banking journey"},"content":{"rendered":"<p> Karachi<br \/>\nBank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah\u2019s dedication to fostering sustainable and accountable green banking practices. It follows the Bank\u2019s successful adoption of the State Bank of Pakistan\u2019s (SBP) Environmental and Social Risk Management (ESRM) framework, aligning with the Green Banking Guidelines introduced in October 2017.<br \/>\nThe collaboration with IFC will encompass several key initiatives. Through this engagement, IFC will leverage its global expertise in supporting Bank Alfalah in developing a green banking roadmap and own-impact measurement capabilities and exploring avenues for sustainable financing. Additionally, the partnership will empower Bank Alfalah to explore avenues in sustainable finance, leveraging IFC\u2019s global network.<br \/>\nExpressing commitment to advancing sustainable development in Pakistan, Atif Bajwa, the President and CEO of Bank Alfalah, stated, \u201cBank Alfalah is committed to playing a leading role in promoting sustainable development and looking forward to embarking upon the journey towards green banking. This partnership with IFC will reinforce our green banking capabilities, contributing to a greener future for the nation.\u201d<br \/>\nHela Cheikhrouhou, IFC\u2019s Regional Vice President for the Middle East, Central Asia, T\u00fcrkiye, Afghanistan, and Pakistan, commented, \u201cIFC is pleased to partner with Bank Alfalah to support its ambitious green banking agenda. With this engagement, we hope to highlight the potential of green banking in Pakistan and help encourage greater climate financing led by the country\u2019s private sector.\u201d<br \/>\nBank Alfalah\u2019s decision to engage IFC as its green banking advisor stemmed from various factors, including IFC\u2019s extensive track record in shaping green banking business models and its adeptness in policy development, including collaborations with SBP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah\u2019s dedication to fostering sustainable and accountable green banking practices. It follows the Bank\u2019s successful adoption of the State Bank of Pakistan\u2019s (SBP) Environmental and Social Risk Management (ESRM) framework, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":374799,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-374778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank Alfalah joins forces with IFC to embark on its green banking journey<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bank-alfalah-joins-forces-with-ifc-to-embark-on-its-green-banking-journey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Alfalah joins forces with IFC to embark on its green banking journey\" \/>\n<meta property=\"og:description\" content=\"Karachi Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah\u2019s dedication to fostering sustainable and accountable green banking practices. It follows the Bank\u2019s successful adoption of the State Bank of Pakistan\u2019s (SBP) Environmental and Social Risk Management (ESRM) framework, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/bank-alfalah-joins-forces-with-ifc-to-embark-on-its-green-banking-journey\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-15T21:22:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2023\/12\/Page-6-11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1231\" \/>\n\t<meta property=\"og:image:height\" content=\"593\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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