CABEI carries out actions to strengthen opportunities and sustainable investment in the region

Tegucigalpa, July 12, 2018.- The Central American Bank for Economic Integration (CABEI) reaffirms its institutional commitment to contribute to the sustainable development of the region and adopts actions to become a benchmark for sustainable business management focused on increasing the quality of life of the region's inhabitants.

CABEI approved its Environmental and Social Policy during 2016, through which it is committed to adopting guidelines that guarantee adequate environmental and social management, as well as to strategically address the challenges and opportunities in this area. Along the same lines, in order to increase CABEI's regional relevance as a resource catalyst, the entity approved its Environmental and Social Strategy.

During an informative meeting with the Honduran press, CABEI's Executive Vice President, Attorney Alejandro Rodríguez, presented a number of actions that the entity has been carrying out to streamline opportunities and competitiveness, supporting financing actions for climate change adaptation and mitigation and generating mechanisms that facilitate the adoption of best practices for the financing of climate change.

Progress made by CABEI in this matter includes the implementation of the Environmental and Social Risk Management System, which was launched by the entity and that seeks to contribute to the creation of value for the multilateral development organization. The system helps to prevent environmental impacts, using the necessary means to avoid, reduce or control them, ensuring continuous improvement.

Through its environmental management, the Bank aims to promote a sustainable and profitable economic model. The issue of the environment has become an essential element in order to respond to current social and economic challenges that, among other demands, call for a shift towards a more sustainable energy model.