Xacbank to cooperate with Green Climate Partnership Fund

The American Chamber of Commerce in Mongolia

2018-08-06 17:47 GMT+8

Xacbank will cooperate with the Green Climate Partnership Fund (GCPF) on developing a social and environmental assessment methodology based on international best practices within the framework of the fund’s technical assistance program. The main purpose of this methodology is to support the bank’s loan specialists in the evaluation of social and environmental impacts of projects when they are appraising the projects for loan issuance.

Since 2012, Xacbank has been financing over 1000 "green" projects annually, to promote renewable energy and energy efficiency, and has achieved an estimated green gas emission reduction of 20000 tons.

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