The National Bank of Moldova (NBM) continues to promote more responsible and environmentally friendly financing in the country and is stepping up efforts to create a greener financial future
The National Bank of Moldova announced this, noting that in this regard, the NBM, in partnership with the International Finance Corporation (IFC) and with the support of the Facility for Investment Climate Advisory Services (FIAS), recently organized a seminar on “ESG management (environmental, social sphere, and governance) and risk management.” ESG stands for “environmental, social, and governance”—factors that play a crucial role in sustainable and responsible business. The workshop was prepared and conducted with the support of IFC ESG experts. According to the National Bank, this workshop is part of its strategy to develop a solid foundation for sustainable finance in Moldova and strengthen domestic capacity in this area. In her opening remarks, NBM Vice-Governor Tatiana Ivanicichina emphasized the importance of cooperation with the IFC team and reaffirmed the NBM's commitment to meeting European standards of sustainable development. The event discussed key topics related to the integration of ESG principles into the financial sector. The aim of the event was to encourage responsible investment and protect financial institutions from the risks associated with “greenwashing,” when a company positions itself as more environmentally friendly than it actually is. Key topics for discussion included the importance of ESG management, the integration of ESG into banking strategy, ESG risk management, the European regulatory framework, and the role of the NBM. The discussion focused on how boards of directors and supervisory bodies can ensure the effective implementation of ESG principles, how to incorporate environmental, social, and governance objectives into banks' long-term plans, practical methods and tools for identifying and managing ESG risks in financial institutions, and an overview of European ESG risk regulation standards. The responsibilities of the National Bank of Moldova for ESG risk supervision and management at the national level were also considered. The NBM noted that this initiative confirms its commitment to supporting the development of a sustainable financial system that is ready to address the economic, social, and environmental challenges of the present and the future. // 14.07.2025 – InfoMarket.
