Fair Finance Asia (FFA) is a network of over 90 civil society organizations (CSOs) in Asia working together to ensure that financial institutions operating in the region uphold social and environmental rights and the well-being of local communities.
FFA operates at the regional level and across ten countries in Asia in Bangladesh, Cambodia, India, Indonesia, Japan, Lao PDR, Pakistan, Philippines, Thailand, and Vietnam.
FFA is part of Fair Finance International (FFI), a global network of civil society coalitions advocating for sustainable finance across Europe, Latin America, and Africa, and Asia.
Goals
Our Impact
Influencing Targets
How we work
Regionally
Nationally
Collaboratively
Our network
FFA as part of Fair Finance International
In Asia, banks play a significant role in the economy, funding many projects, sectors, governments, and micro, small and large companies. Their funding and decision making, therefore, greatly impact what is being funded and how that funding affects not just economic recovery and growth, but also climate change, environmental degradation, respect for human rights, social well-being and even political stability.
Over the last decades, there have been many reforms in favor of a market-based financial sector with regulatory requirements to safeguard their stability. However, Asian banks have generally had no binding obligations to prevent negative consequences for workers, communities, customers and citizens as well as environmental degradation and climate change.
With COVID-19 triggering unprecedented economic and societal crises in 2020, whatever hard won progress gained has been set back, and inequality, social unrest, and environmental degradation in the region continue to rise.
Not only will this situation increasingly burden governments’ budgets in Asia, the economic downturn is also foreseen to challenge banks’ existing loan portfolios, with prolonged consequences.
