Fair Finance Asia Sida Camb. - NGO Forum The finance and banking sector has played an important role and is one of the mechanisms for promoting sustainable economic growth.Ensuring cash flow and currency circulation is a primary task in increasing economic activity for both the nation and the people who are earning a living. The increase in the presence and large number of banking and financial institutions in Cambodia is a clear testament to the growth of economic activity, including the rise in investment projects or development projects proposed in compliance with the Development Policy of the Royal Government of Cambodia. Obviously, the damage to resources by the activities of the development project is also an indirect involvement of the lending banking and financial institutions due to lack of full demand for environmental and social impacts not only harms resources, but also causes the project itself to fail and be unable to repay banking andfinancial institutions

For environmental sector, there are key legislatives such as (1) 1996Law on Natural Resources Management and Environmental Protection, (2) 1999 Sub-Decree no. 72 on Environmental Impact Assessment Process, (3) 2009 Prokas no. 376 on General Guideline for Preparing the Initial Environmental Impact Assessment, (4) 2020 Prokas no. 021 on Classification of Development Projects for Environmental Impact Assessment, and (5) other relevant sub-decrees  on pollution control and Prokas on the use of term of references for some development projects .
The NGOs would like to see finance and banking sector actors including regulators taking social and environmental issues seriously by avoiding financing companies/projects which is creating conflicts and adverse impacts, and putting pressure on existing and new clients to changes theirpractices to align with the international standards and national rules and regulations to promote ESG in Cambodia.
Overall objective
• Financial sectors actors change their practices to align with the international standards, national rules and regulations to promote a sustainable financial sector in Cambodia with financial sector institutions being more transparent and accountable and adhering to ESG criteria.

Overall objective
• Financial sectors actors change their practices to align with the international standards, national rules and regulations to promote a sustainable financial sector in Cambodia with financial sector institutions being more transparent and accountable and adhering to ESG criteria.

Expected outcomes
• Outcome: Financial sectors actors including ADB, WB, AIIB, NBC/ABC/MFI/SECC/MEF/MoE and NGOF as part of FFC's coalition, take at least one joint action to promoting discussions on green financing and greening the financial sector.

Expected Outputs
• Output1: Produced and published one policy brief on Green Financing Situation in Cambodia and step forward for policy formation and implementation in Cambodia.

• Output2: Produced and published one research study report on Green Financing Situation in Cambodia and step forward for policy formation and implementation in Cambodia.

• Output3: One policy brief on Green Financing is presented to stakeholders includes ADB, WB, MoE, NBC, ABC, and FFC members

• Output4: One policy brief on EIA compliance with banking sectors and cross border investment in agriculture is presented to MoE, NBC, ABC, and FFC members

• Output5: Organized two Sustainable finance roundtable discussion with relevant financial sectors actors including ADB, WB, UNEP, NBC/ABC/MFI/SECC/MEF/ MoE andFFC's coalition, promoting discussions on green financing and greening the financial sector.