Bank of Asia CJSC and the Kyrgyz Stock Exchange are aimed at sustainable development
On June 9, 2022, a round table on "ESG reporting as a tool for attracting sustainable financing" was held at the Novotel Hotel (Bishkek), organized by the Kyrgyz Stock Exchange (KSE) with the expert support of the International Finance Corporation (IFC). The importance of ESG information disclosure, mechanisms and global trends were discussed during the round table.
Considering the relevance and importance of sustainable development, Bank of Asia CJSC signed a Declaration of Commitment to Sustainable Development Goals and ESG Practices in the Kyrgyz Republic.
Also, CJSC Bank of Asia acted as a "pilot" bank for the implementation of this project and during the round table the official signing of an Agreement on cooperation in the field of sustainable development between the CFB and CJSC Bank of Asia took place.
Within the framework of this agreement, the CFB and Bank of Asia CJSC intend to establish and develop cooperation in the field of sustainable development, including effective interaction on issues of support for the issuance and placement of social bonds, preparation and disclosure of ESG reports, procedures for listing and withdrawal of securities for trading on the stock exchange, as well as other areas of sustainable development, not contradicting the legislation of the Kyrgyz Republic.
On the part of the Kyrgyz Stock Exchange, the document was signed by the President of the CFB Medet Nazaraliev, on the part of the Bank of Asia CJSC – Chairman of the Management Board Atakishieva Zemfira Akishovna.
CJSC Bank of Asia is not only a stable and reliable financial institution, but also a company that stays on the sidelines and responsibly approaches the fulfillment of social duty. The Bank pays special attention to environmental projects and actively participates in environmental protection.
For information:
ESG (Environmental, Social, Governance) principles — the principles of the company's activities based on environmental protection, creation of favorable social conditions, conscientious attitude with employees and customers and proper corporate governance.
Environmental principles determine how much the company cares about the environment and how it tries to reduce the damage caused to the environment.
Social principles show the attitude of the company towards staff, suppliers, customers, partners and consumers. To meet the standards, businesses must work on the quality of working conditions, monitor gender balance or invest in social projects.
Management principles affect the quality of company management: transparency of reporting, management salaries, a healthy environment in offices, relations with shareholders, anti-corruption measures.
