The Coalition of NGOs Against Mining Atewa Forest (CONAMA) is calling on financial institutions to be guided by the social and environmental sustainability in their decision-making.
According to the group, the Dr Mahamudu Bawumia gave the advice during the launch of Ghana’s Sustainable Banking Principles (SBPs) where he emphasised that “financial institutions must include climate disruption issues into their risk management and reporting.”
CONAMA also said the President called for the incorporation of sustainability issues “into the responsibilities and reporting of market actors to guide their decision making.”
According to the green campaigners, the Dr Mahamudu Bawumia went on to say, “there is no doubt that environmental risk, and risk arising from climate change, in particular, constitutes a significant systemic risk for the financial sector.”
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