Kazakh Export Credit Agency Joins International Green Investment Principles
JSC "Export Credit Agency of Kazakhstan" (ECA) has joined the international initiative Green Investment Principles for the Belt and Road (GIP).
By joining this initiative, ECA strengthens its role in global efforts to promote environmentally sustainable projects.
Currently, the initiative unites 50 global financial institutions from 17 countries, with a combined total of over USD 40 trillion in assets.
Among the signatories are major Chinese banks, as well as commercial banks and insurance companies from the United Kingdom, France, Germany, Switzerland, the UAE, Thailand, Morocco, and other countries.
The GIP are based on seven guiding principles across three levels: strategic, operational, and innovation. These principles encourage signatories to ensure sustainable corporate governance, implement specific measures to minimize environmental risks, and apply the latest green finance tools.
The principles were developed in 2019 by the Green Finance Committee of China and the City of London, in cooperation with prominent international organizations, specifically for financial institutions.
The main goal is to support green investments and sustainable development within the Belt and Road Initiative by encouraging projects that address climate change, protect the environment, and promote economic development across the New Silk Road region.
