James Kon
The British High Commission in Brunei Darussalam and Ernst & Young, in collaboration with Brunei Darussalam Central Bank (BDCB), successfully delivered a series of workshops on sustainable finance this year which saw an overall attendance of over 300 participants from various financial institutions such as banks, insurers, and capital market service providers as well as government agencies.
The six-part workshop series was conducted for five months as part of the Association of Southeast Asian Nations (ASEAN) Low Carbon Energy Programme (ASEAN LCEP) by the United Kingdom Foreign, Commonwealth and Development Office (FCDO).
The programme supports low-carbon energy development across partner countries within the ASEAN region, with a focus on green finance and energy efficiency.
British High Commissioner to Brunei Darussalam John Virgoe said, “The British High Commission is proud to play a role in helping Brunei reach its climate ambitions made at COP26 in Glasgow which include achieving net zero carbon emissions by 2050. I hope that these Sustainable Finance workshops will help Brunei to deliver several of its 10 key strategies from its Brunei Darussalam National Climate Change Policy to shape a low carbon and climate-resilient future.”
BDCB, in recognising the financial sector’s role in contributing to Brunei Darussalam’s sustainability aspirations towards paving low-carbon and climate-resilient pathways for a sustainable nation, continuously strengthens the capacity and capability of the financial industry in managing climate-related risks. To this end, BDCB also supports scaling up the adoption of sustainable finance.
The workshop series addresses key issues and provides a good-practice guide on how to incorporate them into an organisation’s risk management processes and business model.
The thematic topics covered during the workshops include Understanding Climate-Related Financial Risk and Managing Disclosure; Climate-related Disclosures; Climate Risk Management; Climate Scenario Analysis; Sustainable Bonds Issuance; and Introduction to Environmental and Social Risk Management (ESRM).
