Press Release

Joint Expert Group on SDG financing learns sustainable development principles in banking

02 December 2021

  • UN and Government of Turkmenistan held its third meeting of the Joint Expert Group (JEG) to study integration of sustainable development principles in the banking sector.

The JEG members representing the UN Country Team, the Ministry of Finance and Economy, the Ministry of Foreign Affairs, the Ministry of Labor and Social Protection of the Population, the Ministry of Trade and Foreign Economic Relations of Turkmenistan, the State Committee on Statistics, the Central Bank and the State Bank for Foreign Economic Affairs of Turkmenistan learned the international experience and discussed approaches to promotion of sustainability principles in banking.

The participants were briefed about the historical roots of the emergence of the sustainable development concept as well as its importance to ensure development that does not compromise the ability of future generations to meet their own needs.

Dr. Johanna Dichtl, UNEP Finance Initiative Sustainability Expert, presented principles for responsible banking. She emphasized that in order to achieve the Agenda 2030 and Sustainable Development Goals, as well as the goals of the Paris Agreement, active engagement of all stakeholders, including the banking sector of economy is very much important. In this regard, the implementation of the Principles for Responsible Banking, namely Alignment, Impact & Target Setting, Clients & Customers, Stakeholders, Governance & Culture, Transparency & Accountability, will substantively contribute to the achievement of the abovementioned global goals and tackle climate change issues.

During the seminar representatives of the Central Bank of Turkmenistan also shared the vision of the Central Bank of Turkmenistan on enhancing sustainability in the banking sector and highlighted the achievements made so far in this direction.

The learning session was organized according to the Action Plan for 2021-2022 of the Joint Expert Group on SDG Financing.

Joint Expert Group on SDG financing learns sustainable development principles in banking

M.Eyeberdiyeva

Mahri Eyeberdiyeva

RCO
Programme Communications and Advocacy Officer

UN entities involved in this initiative

FAO
Food and Agriculture Organization of the United Nations
ILO
International Labour Organization
IOM
International Organization for Migration
ITC
International Trade Centre
OHCHR
Office of the United Nations High Commissioner for Human Rights
UN ESCAP
United Nations Economic and Social Commission for Asia and the Pacific
UN-Habitat
United Nations Human Settlements Programme
UNDP
United Nations Development Programme
UNDRR
UN Office for Disaster Risk Reduction
UNECE
United Nations Economic Commission for Europe
UNEP
United Nations Environment Programme
UNESCO
United Nations Educational, Scientific and Cultural Organization
UNFPA
United Nations Population Fund
UNHCR
United Nations High Commissioner for Refugees
UNICEF
United Nations Children’s Fund
UNIDO
United Nations Industrial Development Organization
UNODC
United Nations Office on Drugs and Crime
UNOPS
United Nations Office for Project Services
WHO
World Health Organization

Goals we are supporting through this initiative