The Eurasian Development Bank Wins the Sustainable Investment Awards 2024 in the ESG Research of the Year, Asia category
Almaty, July 11, 2024. The Eurasian Development Bank won the Environmental Finance Sustainable Investment Awards 2024 in the ESG Research of the Year: Asia category. The award recognizes and celebrates the EDB's high standards in the field of sustainable finance, as well as the Bank's best practices in conducting applied analytical research that has significant impact on the region.
The Bank received the prestigious prize for its report entitled Efficient Irrigation and Water Conservation in Central Asia. The report focuses on the issue of the growing water scarcity in Central Asia.Having conducted comprehensive diagnostic evaluation, the EDB identified 10 most effective practical steps towards the solution. The region has only 5 years left to take the necessary measures. The EDB calls on all stakeholders to address this structural regional challenge together.
The Sustainable Investment Awards 2024 judging panel described the research as "impressive." The panel consists of over 40 international investors and industry experts, as well as members of the Environmental Finance editorial team, chosen for their knowledge, objectivity and credibility. The award is given to the investors who are leaders in sustainable financing. The winners in other categories include Bloomberg, Moody's Ratings, London Stock Exchange Group, Danske Bank, etc.
The EDB is among the leading contributors to the sustainable development processes in the region. It became the first bank in Central Asia to join the UNEP FI's "Principles for Responsible Banking" initiative. This serves as a reflection of the Bank's commitment to shaping sustainable future in the region in line with the UN Sustainable Development Goals and the 2015 Paris Climate Agreement.
More information about the content of the Efficient Irrigation and Water Conservation in Central Asia report, as well as other materials on the water and energy complex of Central Asia, can be found on the Bank's website.
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals $7 bln. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The Sustainable Investment Awards are global awards in the field of sustainable investment, which seek to recognize organizations incorporating ESG across all asset classes. For more than 17 years, the awards have been given to foundations, research groups and companies that play a key role in the development of sustainable investing.
Environmental-Finance.com is a news and analysis service established in 1999 to report on sustainable investment, "green" finance and ESG initiatives.
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