Fiji Private Sector to Benefit from New ESG Training Initiative

IFC will provide in-depth technical assistance to the FCEF, training its staff and associates on internationally recognized ESG practices.

Employers across Fiji will soon benefit from comprehensive training in good business practices focused on environmental, social, and governance (ESG) standards. This initiative aims to align Fiji's private sector with global standards, enhancing business performance and supporting sustainable economic growth.

Under a new agreement, the Fiji Commerce & Employers Federation (FCEF)—the representative body for all employers and the private sector in Fiji—and the International Finance Corporation (IFC), with support from the governments of Australia and New Zealand, will collaborate to introduce advanced ESG practices to Fiji's private sector.

IFC will provide in-depth technical assistance to the FCEF, training its staff and associates on internationally recognized ESG practices. Leveraging FCEF's extensive membership base, this partnership will reach a wide array of companies across various sectors in Fiji, including tourism, retail, manufacturing, and professional services.

"The Fiji Commerce & Employers Federation is committed to offering the highest standards of training to support the private sector, ensuring that as we grow the Fiji private sector, we are aligned to global standards," said FCEF Chief Executive Officer Jonetani Tonawai. "The FCEF is delighted to partner with IFC to offer Fijian businesses access to the latest learnings and developments in ESG."

IFC's ESG efforts in Fiji are part of a broader initiative aimed at improving ESG practices and performance across the Pacific. This initiative seeks to increase awareness, access to training, and advisory services, ultimately facilitating increased investment in the private sector.

"Good ESG practices help the private sector deliver stronger returns and better manage risks to businesses, communities, and the environment. They also help businesses boost their reputation, reduce costs, and strengthen stakeholder relations," said Judith Green, IFC Country Manager for Australia, New Zealand, Papua New Guinea, and the Pacific Islands. "We are proud to partner with FCEF to bring these benefits to the private sector in Fiji."

"Good practice ESG delivers benefits to both people and businesses. The Australian Government is pleased to support this project that will help attract investment and promote prosperity for Fiji," said Australia's High Commissioner to Fiji and Special Envoy for the Pacific and Regional Affairs, Ewen McDonald.

"Aotearoa New Zealand is proud to support this partnership which will strengthen Fiji's private sector. The benefits of good practices on ESG will extend beyond Fijian businesses to individuals and communities and will contribute to economic development," said New Zealand High Commissioner to Fiji, Charlotte Darlow.

IFC is a global leader in setting ESG standards for the private sector through its Environmental and Social Performance Standards and Corporate Governance Methodology.