The UN's Sustainable Development Goals

As known, the UN adopted the global Sustainable Development Goals in 2015 with a time frame until 2030. The SDGs consist of 17 goals aimed at economic development, environmental protection and social well-being through the lens of five pillars. They put people, planet, prosperity, peace and partnership at the center.

The Kyrgyz Republic, like all countries in the world, has committed itself to achieving the SDGs by 2030, bringing country strategies and development programs in line with the program.

The Resolution of the Government of the Kyrgyz Republic No. 605 dated November 14, 2019 approved the Program for the Development of Green Economy in the Kyrgyz Republic for 2019-2023. As part of the implementation of Nationally Determined Contributions (NDCs) by 2030, Kyrgyzstan has committed to reduce emissions by 15.97% through domestic resources and by 43.62% with international support. According to the statement of the President of the Kyrgyz Republic at the Conference of Parties in Glasgow, the Kyrgyz Republic will strive to reach the platform of carbon-free green development by 2050 with international support.

Sustainable finance contributes to reducing carbon emissions and transitioning to a low-carbon economy. Sustainable finance involves mobilizing funds to address climate and environmental challenges on the one hand, and improving financial risk management on the other. In turn, sustainable finance takes into account environmental, social and governance issues. As a bank with high social and environmental responsibility, we consider the concept of sustainable development as an integral part of the Bank's long-term strategy.

Aiyl Bank is committed to the goals of sustainable development, attraction of sustainable investments and development of green economy in the Kyrgyz Republic realizing the relevance and necessity of implementation of ESG factors (Environmental, Social, Governance) to achieve these goals. The Bank has an Environmental and Social Risk Management Policy and Regulations on Environmental and Social Impact Assessment. The Bank gives priority to comprehensive identification, assessment and management of environmental and social risks in its activities and implementation of activities of the Bank's clients related to the Bank's projects. The Bank has approved ESG strategy and roadmap for its implementation.