In this regard, the National Bank of Tajikistan supports the climate initiatives of the Republic of Tajikistan undertaken within the framework of the Paris Agreement and considers the activity of the financial system to be crucial in achieving the Sustainable Development Goals through the implementation of environmental, social, and corporate governance (ESG) principles.
The financial system plays a key role in sustainable finance by facilitating the adaptation of entrepreneurs’ activities to corporate and social concepts and, in turn, financing environmental and social projects.
Taking this into account, the National Bank of Tajikistan is working on the development of fundamental documents on financing in line with ESG principles and on the analysis of climate risks in the banking system based on international standards.
Sustainable finance is the process of considering environmental, social, climate, and governance factors when making financing decisions in the financial sector, which leads to long-term financing of sustainable economic activities and projects
ESG principles
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Environmental-climate change, greenhouse gas emission, air and water pollution, biodiversity, etc.
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Social – providing favorable conditions, inclusiveness, gender equality, etc.
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Governance - ensuring management transparency and disclosure of information, independence of board of directors, etc. |
News
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