The Mongolian Sustainable Finance (ToC) Forum successfully hosted its seventh annual event under the theme “Financing Positive Change!” from November 17 to 25, 2021, in hybrid formats, both in-person and online. The forum aimed to enhance the participation of public and private sectors to support the implementation of the UN Sustainable Development Goals (SDGs) and foster a healthy, safe, and inclusive future. Policymakers in Mongolia’s banking and financial sectors, business organizations, professionals, civil society representatives, and senior leaders actively participated in plenary sessions and panel discussions on the following topics:
Gender-Sensitive Financial Sector
Participants identified challenges arising from gender inequality in the financial sector and discussed ways to address these issues. Solutions included developing gender policies and regulations, establishing gender committees, and introducing gender-sensitive and inclusive financial products. Additionally, the discussions emphasized the importance of government policy, regulatory frameworks, voluntary private sector initiatives, and improving access to information to empower stakeholders.
Financing for Energy-Efficient Housing
Discussions focused on how to provide sustainable housing for 200,000 households living in Ulaanbaatar’s ger districts, including financial mechanisms and policy support for implementation.
Sustainable Financing in the Textile Sector
Participants explored the sustainable financing of the entire value chain in the textile industry—from pasture management and animal welfare to herder livelihoods, production processes, and the end-of-life cycle of consumer products. The discussion emphasized the roles and responsibilities of stakeholders in promoting sustainability throughout the supply chain.
Assessing Climate Risks in the Financial Sector
TDB proudly received the “Leader in Sustainable Financing” award for 2022 and accepted the honorary baton for the second time, showcasing its continued leadership in this field.
TDB’s Commitment to Sustainable Development
For the past 30 years, TDB has led Mongolia’s progress under the motto “Together for Development.” Looking ahead to the next three decades, the bank views the period leading up to 2050 as a critical time for addressing global climate change challenges and achieving sustainable development. Guided by its renewed strategy and the motto “Together for Sustainable Development,” TDB continues to lead efforts in this area.
Since being honored as the “Leader in Sustainable Financing” in 2018, TDB has leveraged its accomplishments and experience to initiate impactful projects and elevate sustainable financing in Mongolia to a new level. The bank remains committed to driving these efforts and fostering progress in sustainable development.
TOGETHER TOWARDS SUSTAINABILITY