The National Bank of Georgia (NBG) has taken a significant step towards deepening the country’s sustainable finance framework by approving a new regulation titled “On the Granting, Maintenance, and Revocation of Green, Social, Sustainability, and Sustainability-Linked Bond Status.”
Developed in close collaboration with international financial institutions and local market participants, the regulation establishes a clear and transparent framework for the public issuance of sustainability-oriented bonds within Georgia’s capital market. The goal is to support companies’ environmental and social objectives by ensuring that such financial instruments meet recognised sustainability standards.
The new regulation defines specific requirements for granting, maintaining, and, if necessary, revoking the right to use the designations “Green Bond”, “Social Bond”, “Sustainability Bond” and “Sustainability-Linked Bond”. By introducing these standards, the NBG aims to increase transparency and investor confidence in sustainability-labelled financial products, encourage private capital investment in projects that contribute to environmental protection, social development and other sustainable development goals, and align Georgia’s capital market with international best practices, enhancing its attractiveness to foreign and institutional investors.
The regulation will enter into force on 1 January 2026, giving market participants adequate time to adjust internal processes and prepare for compliance. The transitional period will also allow for training, technical assistance and the adaptation of disclosure practices to ensure smooth implementation across the financial sector.
This development is more than just a regulatory milestone, as it reflects the growing importance of the transition to green investments and sustainable finance in Georgia. It also complements broader national initiatives, including the introduction of the Sustainable Finance Roadmap and the development of a Green Taxonomy, both aimed at guiding financial institutions in identifying and financing green activities.
This step is also closely aligned with the mission of the GEFF in Georgia, which actively supports the financing of climate investments and resource-efficient technologies. Through its work with local financial institutions and businesses, GEFF helps bridge the gap between regulatory progress and on-the-ground action.
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