Bank CenterCredit Shared Its Green Financing Experience at UNDP Closing Event

Astana, 13 August 2024

Bank CenterCredit took part in the closingevent of the United Nations Development Program (UNDP) project “Reducing the Risks of Investing in Renewable Energy Sources” (RES).

The event brought together representatives of public authorities, international organizations, energy and financial sector of Kazakhstan.

The UNDP presented the results of the Project aimed at reducing risks for investments in the green energy sector in Kazakhstan. During the event, experts shared their experience in implementing RES projects, discussed the industry prospects and plans for further implementation of financial and non-financial support facilities.

Bank CenterCredit, as an active participant in Green Finance Programs, shared its experience in responsible and green financing. ArnurIbrayev, Head of Sustainable Development (ESG) Directorate, told about the Bank’s ESGtransformation and integration of responsible and green financing principles into the Bank’s operations. He also noted the successful implementation of joint green financing programs with EBRD and UNDP in the field of RES and green technologies.

This year, the Bank has developed and approved the Climate Strategy, a strategic document containing objectives and a set of measures and initiatives for the Bank to achieve carbon neutrality. The report describedan approach to setting green portfolio growthtargets.

About the UNDP Project “Reducing the Risks of Investing in RES”:

The Project is implemented by the UNDP in partnership with the Ministry of Energy of the Republic of Kazakhstan with financial support from the Global Environment Facility (GEF), and is aimed at promoting investments in RES in Kazakhstan by reducing financial and non-financial risks for investors.