DOSCREDOBANK is the first bank in the Central Asian region to sign the Green Investment Principles as part of the Belt and Road initiative

The Green Investment Principles (GIP) as part of the Belt and Road Initiative (BRI) were announced during the Second Belt and Road Initiative in Beijing on April 25, 2019. The document was developed by the Green Finance Committee of China and the City of London in collaboration with reputable international organizations operating in various sectors of the economy. The document is based on seven principles at three levels: strategy, operation, innovation, which encourage signatories to incorporate sustainability into corporate governance, propose specific measures to contain environmental risks, and also facilitate the utilize the cutting-edge green financial instruments.

The signing by DOSCREDOBANK of the Green Investment Principles became possible with the unprecedented support of the AIFC Green Finance Center, with the status of GIP Regional Office for the BRI in Central Asia. The team of the AIFC Green Finance Center provides active assistance and support to potential issuers, investors and market players in preparing for the issuance of green bonds in the securities markets of the region and increasing the capacity to implement ESG-principles into operational activities.

For DOSCREDOBANK, the status of signatory gives access to green projects for the region “One belt, one road”, capacity building activities (trainings, seminars), as well as tools and case studies for the implementation of the Principles. It is expected that the Bank will provide transparency on the level of implementation of the Principles in business strategy and corporate planning.

The number of global financial institutions that have joined the Principles is increasing and includes 45 signatories and 12 partners from 14 countries and regions of the world, including major institutions from China, such as the China Development Bank, the China Export and Import Bank, China Industrial and Commercial Bank, China Agricultural Bank and Silk Road Foundation, as well as international organizations: Crédit Agricole Corporate and Investment Bank, Standard Chartered Bank, Swiss RE, AIFC Exchange, Transport Bank and Development Bank of Mongolia (TransBank), Bank of French Foreign Trade, Bank Al Hilal,  Hong Kong Stock Exchange and Bank Natixis.