Fair Finance Asia (FFA)

Fair Finance Asia (FFA) is a program funded by the Swedish Embassy in Bangkok, Thailand. Between 2018 and 2022, FFA implemented its Phase 1, and in 2023 began implementing its Phase 2 running until 2027. 

FFA is a network of over 90 civil society organizations (CSOs) in Asia working to ensure that financial institutions (FIs) operating in Asia are transparent and accountable to Environmental, Social, and Governance (ESG) criteria in their business activities and investment decisions. This includes multilateral development banks (MDBs) like Asian Development Bank (ADB), international financial institutions (IFIs) like International Finance Corporation (IFC), commercial banks, financial intermediaries, insurers, pension funds, microfinance institutions, investors, and others.

FFA aspires to contribute to the reduction of inequality in Asia by creating an enabling policy environment for the integration of social and environmental considerations in the Asian financial sector and ensuring that financial institutions advance the needs, rights, and well-being of local communities.  

FFA is operational at the regional level and in 10 countries: Bangladesh, Cambodia, India, Indonesia, Japan, Lao PDR, Pakistan, Philippines, Thailand, and Vietnam. FFA’s regional Executive Team (ET) is stationed in Phnom Penh, Cambodia. FFA is part of Fair Finance International. 

1. Financial institutions (FIs) operating across the region increasingly adopt or improve sustainable finance policies, practices and public disclosure.
2. Regulators and governments increase independent monitoring of FI policy, practice and accountability and transparency, and improve the regulation of FIs, including through mandatory regulation.
3. Regional financial sector actors take increasing actions to require and enforce improved standards for FIs’ policies, practices, accountability and transparency.
4. Strong and resilient civil society across the region effectively influences the sustainable finance agenda across the region, integrating a gender lens and community voice.
5. Other actors (intermediary stakeholders) have increased awareness and take increased action to influence the sustainable finance agenda.