Session 8 - Taking responsible finance to scale

Apr 27, 2023 | 2:30 PM - 3:45 PM
CC1

Description

Researchers, civil society and policymakers have long been aware of the barriers to responsible finance in the mining sector, and the challenge this poses to formalization of the small-scale sector, besides being a missed opportunity to bring new leverage across the sector in favour of responsible trade. The last several years have seen a range of new approaches and initiatives to operationalise responsible finance in the minerals trade, both within and beyond the informal sector, including initiatives that integrate a gendered perspective. Key to taking on this challenge will be bridging the gap between formal finance and institutions at a global level, and and the miners and communities on the margins that are in greatest need of access to these services, and often are trapped in a cycle of informality. Specific themes and segments of this sector to be addressed in the session will include: • New trends in responsible engagement of the financial sector in high-risk areas • Revolving and commodity finance • Rightsholder engagement and gender equity as financial risk management • ESG investors • Exploring the role of private equity companies • Exploring the role of the insurance industry • Development and trade finance, including public finance