GFC Bishkek offered a training program on ESG strategy, investments and risks for top business leaders at the II meeting of the Kazakh-Kyrgyz Business Council
General Director of the AIFC Green Finance Centre (AIFC GFC) Aidar Kazybayev, during his visit to Kyrgyzstan to present the foreign office of the GFC (“GFC Bishkek”), took part in the II meeting of the Kazakh-Kyrgyz Business Council. A. Kazybaev emphasized the importance of greening the leaders of industrial enterprises and proposed a training program for Kyrgyz top and middle managers involved in the development of the company’s business, and company owners.
The training will allow you to assess how the ESG agenda affects business, identify ESG threats and opportunities in the context of changing regulatory requirements, disclose non-financial information and build a corporate sustainability management system.
GFC Bishkek will support the issuance of sustainable (green, social, sustainable and ESG) bonds and loans; provide consulting support to companies and organizations of the Kyrgyz Republic on business development and optimization; provide investment attraction services, as well as promote other tools and services of the Astana International Financial Center. The company’s co-shareholders in Kyrgyzstan are OJSC Aiyl Bank, CJSC Kyrgyz Stock Exchange, as well as the Union of Banks of Kyrgyzstan.
Reference:
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus.
The AIFC Green Finance Centre is a subsidiary organisation of the AIFC Authority and the Eurasian Development Bank, aimed at introduction and development of sustainable finance instruments and attracting of investments in environmental and social projects in Kazakhstan and Central Asia.
The AIFC Green Finance Centre supported the very first issuance of green bonds and first verified green loan in Kazakhstan. Also, the Centre introduced definitions of green finance and green taxonomy (a classifier of economic activities and projects that meet technical selection criteria) in the national environmental legislation. The new legislation provides incentives for entrepreneurs who use green finance instruments.
