The Mongolian Bankers Association (MBA) has officially launched the Mongolian Sustainable Finance Development Association (ToC Association) as a non-governmental organization to expand the Sustainable Finance Program (ToC) and extend its implementation beyond the banking sector. The association officially began operations on January 2, 2018, following a decision by the MBA Board of Directors.
The ToC Association envisions positioning Mongolia as a regional leader and knowledge hub for sustainable finance. Its mission is to promote environmentally and socially responsible practices in Mongolia’s banking, financial, and business sectors. It also aims to establish infrastructure for sustainable finance, green loans, and investments, contributing to the country’s sustainable development and green economic growth.
By establishing the ToC Association, efforts to implement sustainable finance principles are being extended to non-bank financial sectors, such as non-banking financial institutions (NBFIs), insurance, and stock exchanges. The association also plans to invite other industries, media organizations, and businesses supporting sustainable practices to join as members, fostering broader collaboration and impact.
ToC Association: Leading the Way in Sustainable Finance