Standard Chartered Bank hosts women and sustainability forum

In celebration of Worldwide Women’s Month, Standard Chartered Bank (SCB) just lately hosted a webinar entitled “Client Speaks: Insights that Inspire” aligning with this 12 months’s IWD theme “Break the Bias:  Gender Equality Today for a Sustainable Tomorrow”. The session highlighted inspiring tales of feminine leaders efficiently breaking gender biases and their roles in fostering an inclusive and sustainable economic system.

The webinar was a thought-provoking and inspiring dialogue taking the views of women in actively selling the gender’s position in participation and management in addressing local weather change and making a extra resilient and sustainable future.

Distinguished panel of audio system are women trailblazers from infrastructure and energy industries who don’t solely champion women empowerment however are additionally dedicated to creating significant, sustainable change and options. Panelists are Aboitiz InfraCapital, Inc. President and CEO Cosette Canilao, Pilipinas Shell Petroleum Corp. President and CEO and Nation Chair, Shell corporations within the Philippines Lorelie Osial, and Aboitiz Energy Corp. Chief Monetary Officer and Company Data Officer Liza Luv Montelibano.  The panel dialogue was moderated by Standard Chartered Bank Chief Govt Officer Lynette Ortiz.

Canilao, along with her management expertise in public-private partnerships (PPP) as former PPP Heart Head, highlighted that infrastructure improvement is necessary in shaping financial productiveness and confused that PPP is an effective automobile to maintain the Construct, Construct, Construct program of the federal government. She mentioned that the non-public sector performs a key position as they’ll help not solely via financing, but additionally via sustainable improvements and improvement of ancillary companies. “Infrastructure projects have immense multiplier effect during its various stages – development and planning, execution, and operation.  The societal returns from infrastructure development done through public private partnership are always higher than private sector gains.  I hope that the next administration will really focus time and energy to create an enabling environment for the private sector to again be involved in infrastructure development,” mentioned Canilao.

Osial, Pilipinas Shell’s first feminine CEO and a worldwide chief within the vitality trade, talked about transformational management amid a quickly altering setting.  She emphasised Shell’s dedication to supply cleaner vitality options together with integration of sustainable practices of their enterprise operations.  “It is Shell’s goal to provide more and cleaner energy solutions and continue to be a partner in nation-building.  To do this, we are adapting to the changing energy landscape, partnering with like-minded companies and working with our customers and different sectors to become a net-zero emissions business in step with society.”

Montelibano, then again, has held CFO position throughout multinational companies at a really younger age, and now on the helm of the Aboitiz Energy Company, one of many largest energy corporations within the nation.  She talked about Aboitiz Energy’s efforts to map an efficient local weather motion roadmap to drive renewable vitality sufficiency for the nation that’s inexpensive, local weather pleasant and for a worthy trigger. She mentioned, “A key element of the energy transition is not just the pouring in of renewable energy (RE) projects, but more importantly how to make RE a viable baseload replacement. Today, the role of thermal power generation is baseload, and for us to sustainably decarbonize the electricity sector, we need to have an effective and cost-efficient technology configuration for renewable energy to be a baseload replacement. AboitizPower is very determined to find a solution. We have been studying several configurations and recently, we partnered with IFC to commission a study on hybrid solar photovoltaic and energy storage, with the goal of finding a technically and commercially feasible solution tailored specifically for the Philippines.”

Ortiz highlights the necessity to promote gender equality for a sustainable improvement. “As women are more prone to the negative effects of climate change, women should also be part of the decision-making process towards real change,” she mentioned. “Our panel speakers are all empowered and inspiring female leaders who continue to astound us with their grit, tenacity and resolve to spark positive change for a better, more resilient and sustainable future for the society and communities they serve.” 

The webinar is a part of Standard Chartered Bank’s 150th anniversary celebration because the oldest worldwide financial institution within the Philippines. The financial institution promotes sustainable finance to help financial development, increasing renewables financing and investing in sustainable infrastructure the place it’s wanted most.  SCB is the main ESG bond arranger within the nation, having been a part of roughly 60% of the quantity of PHP-denominated ESG issuances.  The financial institution was mandated earlier this 12 months as a structural adviser of the Philippines Sustainable Finance Framework which is able to contribute to the event of the Sustainable Financing market domestically to create long-term, resilient development.

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