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Georgia

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Last Updated:
04/05/2024
Since
2017
National Bank of Georgia (NBG)
Since
2022
Banking Association of Georgia
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Timeline

  • 2025
    Framework Development

    • The National Bank of Georgia (NBG) launches the second Sustainable Finance Roadmap for Georgia.

  • 2024
    Research and Engagement

    • National Bank of Georgia publishes ESG Risk Radar 2024

    Framework Development

    • NBG publishes the Green, Social, Sustainable and Sustainability-related Bond Guidelines

  • 2023
    Market Actions and Impacts

    • NBG exchanges knowledge with Serbian authorities and stakeholders on the development of green finance taxonomy

    • NBG exchanges knowledge with Central Bank of the Republic of Türkiye on the development of Climate Risk Radar for the economic sectors

    • NBG exchanges knowledge with National Bank of Moldova on the development of sustainable finance framework

    • NBG exchanges knowledge with Kyrgyz authorities and stakeholders on the development of green finance taxonomy and sustainable finance framework

    • NBG exchanges knowledge with Moroccan authorities and stakeholders on the development of sustainable finance taxonomy

    • NBG publishes the Financed Emissions Tool and corresponding methodological note

    • NBG exchanges knowledge with Central Bank of the Republic of Azerbaijan on the development of sustainable finance framework

    • NBG exchanges knowledge with National Bank of Cambodia on the development of sustainable finance taxonomy

    • NBG launches its Third Sustainable Finance Status Report

    Research and Engagement

    • NBG publishes the Working Paper on biodiversity-related financial risks

    Framework Development

    • NBG publishes the ESG Guidelines

  • 2022
    Framework Development

    • NBG publishes the Sustainable Finance Taxonomy and corresponding regulation

    • NBG develops ESG Scorecard for commercial banks

    Market Actions and Impacts

    • NBG establishes the Sustainable Finance Division within the Financial Stability Department

    • NBG exchanges knowledge with Central Bank of the Republic of Armenia on the development of sustainable finance framework

    • NBG together with IFC/SBFN organizes the Fourth Sustainable Finance Conference

    • NBG launches its Second Sustainable Finance Status Report

    Research and Engagement

    • NBG issues Climate Risk Radar for Georgian economic sectors

  • 2021
    Framework Development

    • NBG integrates ESG considerations into Corporate Governance Code for issuers of pubic securities

    • NBG amends the Corporate Governance Code for Commercial Banks as well as the Regulation on Disclosure Requirements for Commercial Banks within Pillar 3 to reflect the importance of managing and reporting on ESG issues and risks

    Market Actions and Impacts

    • NBG in cooperation with IFC and SBFN hosts the Third Sustainable Finance Forum

    • NBG exchanges knowledge with National Bank of the Republic of North Macedonia on the development of sustainable finance framework

    • NBG launches its First Sustainable Finance Status Report

    • NBG publishes ESG reports of commercial banks for the first time

    Research and Engagement

    • NBG exchanges knowledge with Bangladesh Bank on the development of ESG guidelines for FIs

    • NBG publishes Governor op-ed in The Banker, titled “Georgia proves the benefits of preparedness”, highlighting the importance of NBG’s Sustainable Finance Roadmap

    • NBG signs the second Cooperation Agreement with IFC

  • 2020
    Research and Engagement

    • NBG exchanges knowledge with National Bank of Ukraine on the development of sustainable finance framework

    • NBG joins NGFS

    • NBG exchanges knowledge with National Treasury of South Africa and development of green finance taxonomies

    Framework Development

    • NBG launches ESG Reporting and Disclosure Principles and corresponding template

  • 2019
    Research and Engagement

    • NBG establishes the Sustainable Finance Working Group

    Market Actions and Impacts

    • NBG in cooperation with IFC and SBFN hosts the Second Sustainable Finance Forum

    Framework Development

    • NBG publishes a Roadmap for Sustainable Finance in Georgia

  • 2018
    Market Actions and Impacts

    • NBG in cooperation with IFC and SBFN hosts the First Sustainable Finance Forum

    Framework Development

    • NBG launches the Corporate Governance Code for Commercial Banks

    Research and Engagement

    • NBG signs the first Cooperation Agreement with IFC

  • 2017
    Research and Engagement

    • National Bank of Georgia (NBG) joins SBFN