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NBU Sustainable Finance Development Policy

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Summary

Policy mission is to form a holistic vision of the key principles of sustainable finance development in Ukraine and the actions of the NBU necessary to implement these principles and to ensure that both banks and nonbank financial institutions consistently adapt to changes that will promote financial stability. Policy goals include: 1) to facilitate sustainable economic development of Ukraine 2) to promote environmental consciousness and social responsibility in Ukraine’s financial sector 3) to ensure that financial institutions regulated by the NBU comply with environmental objectives, the principles of sustainable economic activity, and the principle of prioritizing energy efficiency, which are identified by the European Green Pact 4) to help the development of a closed-loop economy in Ukraine as a decisive factor in achieving a climate-neutral, resource-efficient, and competitive economy.

Thumbnail image for Policy mission is to form a holistic vision of the key principles of sustainable finance development in Ukraine and the actions of the NBU necessary to implement these principles and to ensure that both banks and nonbank financial institutions consistently adapt to changes that will promote financial stability. Policy goals include: 1) to facilitate sustainable economic development of Ukraine 2) to promote environmental consciousness and social responsibility in Ukraine’s financial sector 3) to ensure that financial institutions regulated by the NBU comply with environmental objectives, the principles of sustainable economic activity, and the principle of prioritizing energy efficiency, which are identified by the European Green Pact 4) to help the development of a closed-loop economy in Ukraine as a decisive factor in achieving a climate-neutral, resource-efficient, and competitive economy.
Issuer

Ukraine

Year

2021

Region

Europe

Issuer (type)

National Bank of Ukraine (Central Bank)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Mining, Quarrying, Oil & Gas Extraction
  • Agriculture, Forestry, Fishing & Hunting
  • Construction
Restrictiveness

Very Low

Sustainable Development Goals (SDGs)
  • SDG 1: No Poverty
  • SDG 2: Zero Hunger
  • SDG 4: Quality Education
  • SDG 6: Clean Water and Sanitation
  • SDG 7: Affordable and Clean Energy
  • SDG 8: Decent Work and Economic Growth
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 10: Reduced Inequality
  • SDG 11: Sustainable Cities and Communities
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action
  • SDG 14: Life Below Water
  • SDG 15: Life on Land
  • SDG 17: Partnerships for the Goals

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