International Islamic Trade Finance Corporation (ITFC) Launches New Environmental and Social Policy to Drive Sustainable Trade
International Islamic Trading Finance Corporation (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC) (ITFC)www.itfc-db.org), Members of the Islamic Development Bank Group (ISDB) reveal their new environment and social (ES) policy. This policy strengthens ITFC’s commitment to embed sustainable practice in its trade and financing operations, and recognize that the important role of trade financing and trade development can play a role in alleviating climate change and promoting social fairness.
ITFC member states are most vulnerable to climate change, social challenges and economic inequality. This continuous climate crisis requires emergency action. Due to the 20-30 % of the global approved, ITFC will be consistent with its operations with the international framework (such as the Paris Agreement and the United Nations Sustainable Development Objective (SDG) to make it greener in its business market. By advocating responsible and inclusive trade financing, ITFC aims to reduce its carbon footprint while supporting its member states to achieve sustainable economic growth.
This new ES policy is concentrated in 5 key areas:
- Environmental action. ITFC is actively integrating green practice into all aspects of its operation and working environment. By prioritizing digitalization, implementing paperless solutions and improving energy efficiency, we aim to take examples as an example to embrace our plan to be responsible for the environment and prove our commitment to sustainability.
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Sustainable and inclusive trade financing. ITFC aims to increase its financing share in promoting sustainable products and services. Through priority considerations to strengthen elasticity, such as sustainable agriculture, financial inclusiveness and environmental protection supply chain, ITFC has contributed to the sustainable and inclusive growth of our member states.
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The ability to give sustainable impact. Through capable construction plans and technical assistance, ITFC will help enterprises and governments reduce climate risk, improve social tolerance and obtain green financing opportunities.
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Innovative fiscal solution. ITFC is committed to increasing investment in sustainable financial instruments in accordance with Islamic doctrine, including exploring the issuance of green Sukuk to support the wealthy trade and development of ITFC member states.
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Reliable assessment and disclosure. ITFC is committed to adopting the best practice in transactions and projects to embed environmental and social considerations. We aim to transparent our ES performance, adhere to the best international practice, promote accountability and establish trust with related stakeholders.
In this comment, English. ITFC CEO Hani Salem Sonbox said: “Our work in some of the most climatic areas in the world has given us the first -hand understanding of the reality of climate change. From rural landscapes to urban center, we have witnessed the impact of accelerating the environment of the environment, and as we do Sustainable growth provides dynamic commitments, the company must fully simplify and realize its new direction for sustainability and climate change.
ITFC’s new environment and social policies reflect its vision of tolerance and sustainable economic growth, and set new standards for global trade and financial institutions. ITFC is still committed to promoting OOIC internal trade and enhancing the ability of member states to adopt green energy solutions.
It is distributed by APO Group on behalf of the International Islamic Trade Finance Corporation (ITFC).
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About International Trade Finance Corporation (ITFC):
International Islamic Trading Finance Corporation (ITFC) is a member of the Islamic Development Bank (ISDB) Group. It is based on the main goal of promoting trade between European foreign members and will eventually help the overall goal of improving the social and economic conditions of people around the world. ITFC began operation in January 2008, and has provided OIC member states with more than $ 80 billion in financing, making it a trade solution provider for these member states. In order to become a catalyst for the development of trade development in OIC member states and other regions, the company helps member states to get better trade financial opportunities and provide them with capacity building tools for trade -related capabilities. This will enable them to succeed in success Global market competition.
