**Eldik Bank – the new ESG benchmark for Central Asia!
Eldik Bank OJSC has reached an impressive milestone, receiving an ESG Score of 60 from the reputable global rating agency S&P Global — a result that puts Kyrgyzstan on the world map of sustainable finance!
An ESG Score of 60 — a high ESG indicator — confirms the bank’s deep transformation based on principles of transparency, environmental responsibility, and social equity implemented across all levels of the corporate structure.
The ESG rating of 60 is the direct outcome of extensive work on preparing the 2024 Sustainability Report, developed in accordance with the latest internationally recognized disclosure standards.
The bank proudly presented its second annual ESG Report, strengthening its position as the national leader in ESG and sustainable banking, as well as one of the key drivers of the green economy in the region.
“An ESG Score of 60 from S&P Global marks the beginning of a new stage for our bank and an important responsibility for the future. This rating demonstrates that we have strong corporate governance and that ESG approaches within the bank truly work. For the first time, we completed our climate assessment under the new IFRS S1, S2 and Scope 3 standards, including the calculation of financed emissions (Category 15), which helps us make informed decisions when financing projects. The high score reflects the bank’s sustainable development and its commitment to ESG principles,” emphasized Ulanbek Nogaev, Chairman of the Management Board.
Key ESG breakthroughs:
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Integration of global standards: launch of preparations for disclosure under IFRS Sustainability Disclosure Standards (S1, S2) and the PCAF methodology;
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Comprehensive climate assessment: finalized calculations for Scope 1, 2, and 3, including financed emissions (Category 15, Scope 3), followed by external verification;
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Green and social products: the “sustainable” project portfolio includes investments in renewable energy, energy efficiency, social mortgages, and financing for women entrepreneurs;
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Environmental impact: financed projects will deliver lifecycle reductions in greenhouse gas emissions, confirming that the bank’s impact is measurable and tangible;
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Climate risk management: implementation of an ESG-screening mechanism for lending and risk assessment;
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International integration and partnerships: systematic cooperation with development banks and international financial institutions, strengthening Kyrgyzstan’s sustainable financial ecosystem;
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Alignment with national and global priorities: the bank’s activities are aligned with the UN Paris Agreement and Kyrgyzstan’s national climate goals.
Eldik Bank continues to serve as a role model for the financial sector of Central Asia, demonstrating that sustainable growth is possible today through strong standards, environmental awareness, and a social mission — creating a future where innovation is inseparable from safety and sustainability.
