Sustainable Finance
We are committed to lending responsibly, mitigating any adverse impacts our clients may have on the environment and the communities where they are based, and raising awareness among customers of various sector-specific environmental and social topics.
Our indirect environmental and social impacts are mainly associated with the projects that Bank of Georgia finances in Georgia.
We are committed to prudently managing the risks associated with our lending activities and supporting our customers in their transition towards greener and more sustainable ways of doing business.
How we assess E&’S performance of our loan portfolio
The environmental and social management system (ESMS) at Bank of Georgia enables us to identify potential risks and make sure our customers are properly managing those risks to avoid or mitigate negative impacts on the environment and the communities where they operate. We take the following steps during the entire loan lifecycle
Trabsaction Qualification
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Categorisation
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Evaluation
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Control
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Monitoring
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Training
Training activities play a critical role in the effective management of E&’S and climate-related risks in our
Each year, to enhance our understanding of environmental, social and climate-related issues and build internal capacity, we held training sessions for key risk and banking personnel involved in environmental, social and climate risk management processes.
The trainings covered a variety of topics, including climate and sustainable finance, ESG standards and SDGs, health and safety, green taxonomy, IFC Performance Standards, renewable energy investments and energy efficiency, green and affordable housing.
