Posted: Monday, August 19, 2019. 1:26 pm CST.
By BBN Staff : Last week, the Protected Areas Conservation Trust (PACT) in collaboration with the German Society for International Cooperation (GIZ) hosted a sensitization workshop on PACT’s Environmental, Social and Gender (ESG) Risk Management System for its investments.
Key stakeholders from the conservation and natural resources management sectors and protected areas co-management organizations attended the workshop.
This sensitization workshop forms a part of PACT’s continuous effort to further support the operationalization of a #ClimateFinancePortfolio while advancing its work as an accredited entity with the Green Climate Fund (GCF) and the Adaptation Fund (AF).
The main objective of the workshop was to further define how international Environmental, Social and Gender Performance Standards shall be incorporated and managed as part of PACT’s present and future investments; including investments from third-party sources such as GCF and AF.
Furthermore, the session provided an opportunity for stakeholders to support the evaluation of gaps and strengths of PACT’s existing ESG risk management system.
PACT thanks all its stakeholders for their participation in the session.
“We are committed to continuing efforts to build capacity in Environmental, Social and Gender Risk Management while enhancing our own management system to maximize the impacts and benefits of PACT’s Conservation and Climate Financing Portfolios to Belize,” a statement from PACT expressed.
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