The National Bank of Georgia (NBG), in collaboration with the German Sparkassenstiftung for International Cooperation (DSIK), has unveiled a significant advancement in the field of environmental, social, and governance (ESG) risk management with the publication of the ESG Risk Radar for Georgia. This report builds on the 2022 version, refining the methodology to assess climate-related and other ESG risks with enhanced accuracy.
The 2024 ESG Risk Radar introduces a comprehensive ESG Scorecard, specifically tailored to Georgian economic sectors, offering valuable insights for financial institutions. The Scorecard evaluates sectoral exposure to ESG risks and uses a five-step scoring method to ensure precision. A unique feature of this report is its heat map, which visually highlights the sectors most vulnerable to these risks, enabling financial institutions to make informed decisions when evaluating potential investments or partnerships.
The primary goal of the ESG Risk Radar is to provide financial institutions with practical tools to effectively identify, manage, and mitigate ESG risks. By offering this in-depth evaluation, the NBG aims to foster a more sustainable financial environment in Georgia while helping financial institutions navigate the evolving landscape of climate– and ESG-related challenges.
To read more about the ESG Risk Radar and its impact, visit the NBG website.
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