Sustainable Finance

Trade and Development Bank is committed to providing financing solutions for green and climate projects and programs to achieve inclusive financing for sustainable development, and as such we are developing our “Climate 30+ Initiative”, a green recovery initiative, for its corporate, SMEs and retail clients to assist in their effort to reach low carbon and green growth targets, and ultimately support the Government of Mongolia to achieve its climate ambitions. This initiative will be the first Mongolian private sector driven climate and sustainable development initiative.

For the first time in Mongolia, TDBM has developed the Sustainability Framework and started to provide green and social loans under this framework. The TDBM has always been the pioneering bank in Mongolia on areas of environmental and social safeguards management, gender equality and now sustainable development.

TDBM is the first organization to commission an SPO (Second-Party Opinion) on its Sustainability Framework in compliance with the Green Bond Principles, the Social Bond Principles and the Sustainable Development Bond Guidelines. SPO was provided by Vigeo Eiris, a subsidiary of Moody's Investors Services. The Bank’s Sustainability Framework received a rating of ‘Robust’.

The purpose of the sustainable financing framework is to ensure sustainable and green development and to attract resources with characteristics of social development, to define the direction, scope, requirement, results, monitoring and reporting principles of lending. 

Sustainability Framework:

Renewable energy	Low pollution energy	Energy efficiency	Green buildings
Sustainable water and waste use and treatment	Sustainable agriculture, land use,  forestry & biodiversity conservation		Clean transport

Classification and criteria of social loans:

Affordable basic infrastructure	Affordable    housing	Access to essential services	SME Financing and Microfinance