The Iraqi Private Banks League participated in the launch ceremony of the Sustainable Finance Roadmap Project and the Standards Guide of ESG—environmental, social, and governance— for sustainability, social development, and Institutional Governance of banks. The event was held at Al-Rasheed Hotel, with the attendance of the Governor of the Central Bank, Ali Mohsen Al-Alaq, the Regional Director for the Middle East at the International Finance Corporation (IFC), Fawaz Al-Balbisi, along with several bank chairmen and authorized directors. This project emerged from a collaboration between the IFC and the Iraqi Private Banks League. It included a series of training sessions, such as the preparation of trainers, as well as the provision of additional training in the coming days. During a panel discussion titled "Managing Environmental and Social Risks as a Catalyst for Change in the Iraqi Banking Sector," Ali Tariq, Executive Director of the Iraqi Private Banks League, discussed how adherence to institutional risk management principles and regulatory compliance can evolve into a strategic advantage for Iraqi banks. He emphasized the importance of integrating ESG standards into investment decisions and building advisory capacities in environmental standards. He also stressed that the application of ESG standards will contribute to the development of the banking sector by clarifying the relationship between the board of directors and bank departments and ensuring banks' compliance with both local and international laws and regulations.