Il-kontabilità tal-banek għall-ħsara ambjentali

Meta niddibattu l-ħsara ambjentali li qed tiżdied kontinwament madwarna nagħmlu tajjeb li nippuntaw subgħajna lejn ir-regolaturi nkompetenti u lejn ir-regħba tal-hekk imsejħa żviluppaturi. Wasal iż-żmien li ma dawn inżidu l-banek, għax huma l-banek li jiffanzjaw il-proġetti ta’ żvilupp u allura huma jagħmlu din il-ħsara possibli. Anke l-banek, għaldaqstant għandhom l-obbligu li jerfgħu ir-responsabbiltà fuq spallejhom għall-ħsara ambjentali li qed isseħħ: huma qed jiffinanzjawha.

Meta neżaminaw ir-rapporti annwali tal-banek lokali ewlenin hu ċar li dawn huma nteressati biss fil- profitti. Kontinwament taparsi jħossu għall ambjent. Dan jagħmluh biss u esklussivament biex jipproteġu r-reputazzjoni tagħhom.

Il-banek ipinġu lilhom infushom bħala li qegħdin hemm biex ikunu ta’ għajnuna. Regolarment iroxxu ftit flus favur numru ta’ kawżi ġusti. Iżda minkejja din is-sensittività  artifiċjali lejn setturi diversi tal-komunità, il-profitt jibqa’ dejjem prijorità fuq il-lejaltà lejn in-nies u lejn il-komunità.

L-attitudni tagħhom lejn proġetti ta’ żvilupp hi indikattiva ta’ dan. Il-banek rarament jindikaw fl-istqarrijiet pubbliċi inkella fir-rapporti tagħhom jekk u kif jagħtu każ ta’ impatti ambjentali u soċjali meta jkunu qed jikkunsidraw li jgħinu biex ikun iffinanzjat xi proġett ta’ żvilupp.  

Fl-aħħar rapport annwali tiegħu, per eżempju, l-HSBC jirreferi għal dawk li jissejħu Equator Principles. Dawn l-Equator Principles huma sett ta’ kriterji miftehma fuq skala internazzjonali bejn banek u istituzzjonijiet finanzjarji. Huma qafas regolatorju volontarju dwar kif l-istituzzjonijiet finanzjarji għandhom jeżaminaw u jagħtu piz lir-riskji soċjali u ambjentali assoċjati ma’ proġetti li jkunu quddiemhom għall-finanzjament.  Jistabilixxu l-kriterji minimi li għandhom ikunu applikati huma u jittieħdu deċiżjonijiet dwar dawn ir-riskji.  Fost affarijiet oħra, dawn l-Equator Principles jitkellmu dwar kif il-banek u l-istituzzjonijiet finanzjarji għandhom jiddjalogaw mal-utenti (stakeholders) dwar azzjoni effettiva biex ikunu ndirizzati ir-riskji ambjentali u soċjali minn proġetti li jkunu quddiemhom għall-finanzjament.

L-HSBC, sal-lum, ma ippubblikax rapporti jew xi tip ta’ informazzjoni oħra dwar il-mod prattiku kif il-bank qed japplika dawn il-prinċipji f’Malta. Għad irridu naraw kif il-bank qed jassigura ruħu li r-riskji ambjentali u soċjali ġew identifikati u ndirizzati u speċifikament kif il-klijenti żviluppaturi tal-bank qed jiddjalogaw mal-utenti (stakeholders).

Fir-rapport annwali tal-Bank of Valletta, min-naħa l-oħra, insibu spjegazzjoni tal-miri tal-Ġnus Magħquda dwar l-iżvilupp sostenibbli, deskrizzjoni dwar il-kawżi ġusti appoġġjati mill-bank u rendikont tal-azzjoni mittieħda biex il-friegħi tal-bank ikunu effiċjenti fl-użu tal-enerġija u joperaw b’mod li ma jagħmlux ħsara ambjentali. Ir-rapport jiddeskrivi ukoll is-servizzi tal-bank biex il-klijenti tiegħu ikollhom aċċess aħjar għal finanzi biex jimplementaw diversi miżuri ambjentali. Ir-rapport tal-BoV ma jagħmel l-ebda referenza għall-Equator Principles jew xi qafas regolatorju alternattiv.

Il-Lombard Bank, min-naħa l-oħra, fl-aħħar rapport annwali tiegħu jemfasizza l-attenzjoni tal-management biex jimminimizza l-impatti ambjentali mill-operazzjonijiet tiegħu. Jgħidilna li hu ukoll jgħin kawżi ġusti! L-anqas il-Lombard Bank ma jirreferi għall- Equator Principles jew xi linji gwida oħra dwar x’għandu jsir biex il-klijenti żviluppaturi jkunu sorveljati aħjar mill-bank.

Fuq livell ta’ Unjoni Ewropeja il-Bank Ċentrali Ewropew għadu kif approva dokument b’linja gwida dwar ir-riskji klimatiċi u ambjentali li hu applikabbli għas-settur bankarju kollu fl-Unjoni minn din is-sena. Primarjament dan id-dokument jirrigwarda ir-riskji klimatiċi.

Il-banek għandhom responsabbiltà li jassiguraw illi meta jiffinanzjaw proġetti ta’ żvilupp, il-finanzi li jipprovdu ma jkunux użati biex issir jew biex tkun aċċelerata ħsara ambjentali u/jew soċjali. Meta din il-ħsara ambjentali u/jew soċjali sseħħ, ir-responsabbilta m’għandiex tintrefa biss mill-iżviluppatur u mir-regolaturi imma ukoll mill-bank. Għax anke l-bank għandu jkun kontabbli. Wara kollox hu l-bank permezz tal-finanzjament li jipprovdi li jagħmel l-iżvilupp possibli. Kull meta l-banek ikunu kompliċi fi ħsara ambjentali u/jew soċjali ikollhom huma wkoll jerfgħu r-responsabbiltà. Mingħajr l-involviment tagħhom, wara kollox, il-ħsara ma isseħħx!

Ippubblikat fuq Illum: il-Ħadd 29 ta’ Awwissu 2021

Holding banks to account for environmental damage

When discussing the current environmental onslaught developing around us, we rightly focus on incompetent regulators and greedy developers. It is about time that we also address the role of the banks: they make environmental degradation possible as they generally finance the development works which cause the said degradation. As a result, it is about time that banks too shoulder their responsibility for the ever-increasing environmental degradation.

Going through the annual reports of the major local banks it is more than clear that banks are only interested in profits. They engage in continuous greenwashing in order to try and minimise their reputational damage.

The banks portrait themselves as being there to help. They regularly sprinkle some cash to sponsor worthy causes. Notwithstanding this artificial sensitivity towards various sectors of the community, profits always take a priority over people in the banks’ operations.  Financing of development projects are a case in point. Banks rarely indicate in their public statements and reports whether and to what extent they factor in environmental and social considerations when deciding whether to make finance available for any particular development project.

HSBC, for example, refers to the applicability of the Equator Principles in its latest annual report. The Equator Principles are a risk management framework adopted by a number of financial institutions “for determining, assessing and managing environmental and social risk in projects.” They are intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.  Among other matters the Equator Principles deal with stakeholder engagement and require effective action dealing with environmental and social risks by developers who seek financial facilities from banks.

HSBC has not to date publicly reported on the matter as to the practical manner in which it applies these principles in Malta. We have yet to see how the bank establishes that environmental and social risks have been assessed and specifically the extent to which the bank ensures that proper stakeholder engagement has been carried out by its developer clients!

The Bank of Valletta annual report on the other hand gives us its take on the UN’s Sustainable Development Goals, describes at some length the worthy causes which it supports and explains the action taken to ensure that its branches are energy efficient and environmentally friendly. It also describes its services which facilitate client access to finance environmentally friendly initiatives. The Bank of Valletta Annual Report does not make any reference to the Equator Principles.

Lombard Bank in its latest annual report emphasises that it takes great care in minimising the environmental impacts of its operations. It also stresses its extensive contributions and initiatives to a number of worthy causes. Lombard Bank does not refer to the Equator Principles or any other benchmark or standard which it applies when dealing with its developer clients.

On an EU level the European Central Bank has very recently approved a “Guide on Climate-Related and Environmental Risks” applicable to the banking sector throughout the European Union as from this year.  As its title indicates it is primarily concerned with climate-related risks.

Banks have a responsibility to ensure that when financing development projects, the finance made available is not utilised to cause or accelerate environmental and/or social damage. Whenever such environmental and/or social damage arises it is not just the developers and the regulators which should shoulder responsibility for the said damage. Even banks should be held to account. They make it possible! Banks should pay the price whenever they are collaborators in the ever-increasing environmental degradation. They make it happen!

Published in The Malta Independent on Sunday : 29 August 2021

L-ekonomija l-ħadra

Qed nirreferi għal dik il-ħidma ekonomika li titfassal jew titwettaq b’mod li tagħti każ tal-impatti ambjentali. Il-karatteristiċi ewlenin li jiddistingwu attivita’ meqjusa bħala li tappartjeni lill-ekonomija l-ħadra minn attivita oħra huma: tnaqqis fl-emmissjonijiet, tnaqqis fit-tniġġis, effiċjenza fl-użu tal-enerġija w ir-riżorsi, li tkun evitata t-telfa tal-bodiversita’ u l-ħarsien tas-servizzi li kontinwament tagħtina (b’xejn) l-ekosistema.

L-ekonomija l-ħadra taħdem flimkien man-natura, mhux kontra tagħha. Allura tfittex li tnaqqas l-impatti ambjentali tal-ħidma ekonomika f’kull qasam. Hi u tagħmel hekk toħloq ix-xogħol.

Toħloq ix-xogħol fil-ġenerazzjoni ta’ enerġija nadifa u alternattiva kif ukoll fil-ħidma biex tiżdied l-effiċjenza fl-użu tal-enerġija.

Ix-xogħol jinħoloq ukoll fil-proċess li jrid iwassalna sal-punt li ma niġġenerawx iktar skart. Dan ifisser li mhux biss irridu narmu inqas imma bħala pajjiż hu meħtieġ li nkunu kapaċi nirriċiklaw iktar dak li ma jkollniex iktar użu għalih. Ir-rimi tal-iskart hu rimi ta’ riżorsi prezzjużi li fil-parti l-kbira tal-każi nistgħu nsibu użu ieħor għalhom.

L-ekonomija l-ħadra toħloq ix-xogħol ukoll fil-qasam tat-trasport pubbliku. Nafu li trasport pubbliku effiċjenti (meta xi darba jkollna) jnaqqas b’mod sostanzjali t-tniġġis tal-arja fl-ibliet u l-irħula tagħna. Jnaqqas ukoll l-istorbju iġġenerat minn traffiku kontinwu. Dan iseħħ billi (meta jkun effiċjenti) t-trasport pubbliku jħajjar iktar persuni minna biex nagħmlu użu minnu flok ma nagħmlu użu mill-karozzi privati tagħna. Fuq perjodu ta’ żmien trasport pubbliku effiċjenti jista’ jikkonvinċina li wara kollox nistgħu ngħaddu mingħajr karozza privat. Ta’ l-inqas nitħajjru nnaqsu l-karozzi fil-familji. Dan nistgħu nagħmluh meta nkunu konvinti li jkun jaqbel li nagħmlu dan.

Din tkun sitwazzjoni li minnha jirbaħ kulħadd. Jirbaħ il-pajjiż kollu għax ikollna kwalita’ ta’ arja aħjar. Nirbħu aħna lkoll mhux biss għax ninqdew aħjar imma ukoll għax innaqqsu l-ispejjes biex ikollna l-karozzi privati.

Tirbaħ ukoll l-ekonomija tal-pajjiż għax bil-ħidma tal-ekonomija l–ħadra jkunu ġġenerati l-impiegi. Impiegi b’differenza. Impiegi ħodor (green jobs) li permezz tagħhom jinħoloq il-ġid mingħajr ma issir ħsara ambjentali.

ippubblikata fuq iNews it-Tnejn 16 ta’ Diċembru 2013

Tackling the green skills gap

Launching the public consultation on the Green Economy last month, Ministers Leo Brincat and Evarist Bartolo emphasised the need to address the green skills gap in the process leading to a Green Economy strategy and action plan.

It is estimated that 20 million jobs will be created in the Green Economy between now and 2020 within the European Union. Capacity building is the greatest challenge: ensuring that more working men and women are adequately equipped with green skills.

The Green Economy includes activities in different sectors. It is possible to go about activity in these sectors in a manner which reduces their environmental impacts, is socially inclusive and economically rewarding.

Various sectors have been identified as being of key importance in the transition to a Green Economy. The basic characteristics which distinguish the Green Economy are a reduction of carbon emissions, the reduction of all forms of pollution, energy and resource efficiency, prevention of biodiversity loss  and the protection of eco-system services.

The United Nations Environment Programme  has repeatedly emphasised that the transition to a Green Economy enables economic growth and investment while increasing environmental quality and social inclusiveness. A Green Economy is one which respects the eco-system and recognises that there are natural limits  which, if exceeded, endanger the earth’s ecological balance. In effect it means that the transition to a Green Economy signifies addressing all of our environmental impacts in all areas of activity. Addressing impacts in one area would still signify progress although this would be of limited benefit.

An agriculture which forms part of the Green Economy is one which works with nature, not against it. It uses water sustainably and does not contaminate it. Green agriculture does not seek to genetically modify any form of life nor to patent it.

Energy efficient buildings, clean and renewable energy together with the sustainable use of land are also basic building blocks of the Green Economy. We cannot speak of the Green Economy whilst simultaneously tolerating  large scale building construction. Having a stock of 72,000 vacant dwellings, (irrespective of the reasons for their being vacant) signifies that as a nation we have not yet understood that the limited size of the Maltese islands ought to lead to a different attitude. The green skills of politicians and their political appointees on MEPA is what’s lacking in this regard.

Maritime issues are of paramount economic importance to Malta’s economy. The depleted fish stock and the quality of sea water are obvious issues. But the impacts of organised crime through the dumping of toxic, hazardous and nuclear waste in the Mediterranean Sea is not to be underestimated as has been evidenced time and again in the exploits of the eco-mafia reign to our north.

Heavy industry is fortunately absent in Malta. New industries like the pharmaceutical industry are more eco-conscious. However we still require more inputs on resource efficiency and eco-design.

Greening tourism is essential in order to ensure that more of tourism’s environmental impacts are addressed.  The consumption of tourism is 50% more per capita than that registered for a resident, indicating that there is room for considerable improvements.

Public transport is still in shambles. The effects of this state of affairs is evident in the ever increasing number of passenger cars on our roads which have a major impact on air and noise pollution in our communities. Greening transport policies signifies that the mobility of all is ensured with the least possible impacts.  Still a long way to go.

Waste management has made substantial improvement over the years even though it is still way  behind EU targets. It is positive that the draft waste management strategy has established the attaining of a Zero Waste target by 2050. However we still await the specifics of how this is to be achieved. It is achievable but the commitment of all is essential.

Our water resources have been mismanaged, year in, year our. Discharging millions of litres of treated sewage effluent into the sea is just the cherry on the cake. The contaminated and depleted water table which still contributes around 40% to Malta’s potable water supply is in danger of being  completely lost for future generations if we do not act fast.

All the above have been dealt with in various policy documents. One such document is the National Sustainable Development Strategy which establishes the parameters for the action required. Implementing the National Sustainable Development Strategy is the obvious first step in establishing a Green Economy.  It is here where the real green skill gap exists. Decision makers lack green skills. This skill gap exists at the level of Cabinet, Parliament, the top echelons of the civil service and in the ranks of the political appointees to Boards and Authorities where decisions are taken and strategies implemented.

When this skill gap is addressed, the rest will follow and we will be on the way to establishing  a green economy.

published in The Times of Malta, Saturday 14 December 2013

Surcharge

Stqarrija ta’ Alternattiva  Demokratika

 

 

In vista taż-żieda imminenti fis-surcharge applikat għall-ħlas tal-kontijiet tad-dawl u l-ilma, Alternattiva Demokratika emfasizzat għal darba oħra li surcharge applikabbli b’rata waħda huwa inġust. Huwa każ ċar ta’ politika tal-calculator.

 

Ralph Cassar, il-kelliemi tal-AD għall-Enerġija, Innovazzjoni u l-Industrija qal li “Alternattiva dejjem irrikonoxxiet li huwa essenzjali li jkun hemm x’jagħmel tajjeb għall-prezz dejem jiżdied taż-żejt. L-ebda politiku ma jista’ jiċħad dan. Imma Alternativa temmen li l-implimentazzjoni ta’ rata waħda u uniformi  a’ surcharge hi ineffettiva kemm soċjalement kif ukoll ambjentalment. Alternattyiva tirrepeti l-proposta illi iktra minn rata waħda hemm ħtieġa li jkunu introdotti rati differenti  applikali skond l-użu li effettivament isir ras għal ras fir-residenzi tagħna. B’dan il-mod familji li ma jaħlux iħallsu rata baxxa filwaqt li dawk li jaħlu jħallsu rata għolja. B’hekk dawk li għandhom konsm għoli jikkontribwixxu u jagħmlu tajjeb għall-ħlas tas-surcharge ta’ dawk li huma effiċjenti. Dan ma jinvolvix spejjes addizzjonali għall-kaxxa ta’ Malta. Il-proposta ta’ Alternattiva tagħmilha possibli għall-Gvern illi jraħħas is-surcharge għal dawk li jimmerithom għax effiċjenti fil-waqt li jirkupra ammont ekwivalenti mingħand dawk li jaħlu.”

Il-kelliem tal-AD għall-Iżvilupp Sostenibbli Carmel Cacopardo qal li ma nistgħux nibqgħu inżidu s-surcharge biex inlaħħqu maż-żieda fil-prezz taż-żejt. Jekk Malta trid tilħaq it-targets tal-Unjoni Ewropea billi tipproduci 10% tal-enerġija minn sorsi rinovibbli sal-2020 hemm bżonn li jidħol fis-seħħ pjan serju b’miri u skadenzi ċari. Il-proposti tal-Alternattiva jiffukaw fuq l-effiċjenza, eliminazzjoni tal-ħela kif ukoll proposti varji immirati biex il-familji jiġu mgħejjuna jnaqqsu d-dipendenza tagħhom fuq enerġija minn sorsi li jniġġsu u dan simultanjament ma għajnuna biex jitnaqqsulhom il-kontijiet. Carmel Cacopardo żied jgħid li “Il-Gvern qiegħed jindirizza biss l-impatti ekonomiċi. Il-proposti ta’ Alternattiva Demokratika tħares lejn il-problema b’mod olistiku billi tintegra l-konsiderazzjonijiet ekonomiċi, ambjentali u soċjali.”  Ralph Cassar żied jgħid “Il-proposti tagħna jinkludu minn 4 sa 5 turbini tar-riħ li jiġġeneraw l-elettriku bi spiża ta’ madwar 5 euro-ċenteżmi għal kull unit, filwaqt li l-elettriku ġġenerat mill-Enemalta jiswa madwar 11-il euro-ċenteżmu għal kull unit; programm nazzjonali ta’ inċentivi biex jinbidlu fid-djar il-bozoz bil-filament b’dawk energy saving; investiment fuq medda ta’ 5 snin f’solar water heaters għal 50,000 residenza kif ukoll investiment biex ikunu istallati 5,000 sistema fotovoltajka. Dak li jiffranka l-Gvern bl-użu ridott taż-żejt importat ikun iktar minn biżżejjed biex jagħmel tajjeb għal dan l-investiment. Huwa meħtieġ li Malta  issib il-mod kif tilħaq il-miri tal-Unjoni Ewropea. Il-proposti tagħna għall-ħames snin li ġejjin huwa bidu tajjeb biex dawn jintlaħqu.”

http://www.alternattiva.org.mt/filebank/documents/Politika%20Energija.pdf