Sustainable finance is a responsible financing approach in which environmental, social and governance risks and opportunities are taken into account and effectively managed when making investment and financial decisions, thereby supporting sustainable development and the transition to a sustainable economy. The financial sector plays a critical role in the global transition to a sustainable economic and social order, particularly in achieving the UN Sustainable Development Goals and the goals of the Paris Agreement.

For our country, sustainable finance is strategically important for fulfilling international commitments related to sustainability, maintaining and enhancing international competitiveness through the green transformation of the economy, ensuring access to international financial markets, reducing energy dependency and balance of payments deficits, effectively managing financial risks, and ultimately, ensuring long-term economic and financial development and stability.

The BRSA continues to work in close cooperation and dialogue with relevant partners to establish a sustainable financial infrastructure in our country within the framework of the “Sustainable Banking Strategic Plan (2022-2025)” published in 2021, and has determined the effective management of sustainability-related risks and opportunities and the development of sustainable financing opportunities as its main strategic objectives in this field.

“BRSA Sustainable Banking Strategic Plan” and other documents related to sustainable banking are available at the links below.