Representatives of Development Bank of Kazakhstan JSC engaged in the proceedings of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku, Azerbaijan. A key focal point of the international forum, attended by global leaders, was the discourse on sustainable financing and the pivotal role of climate funds in facilitating emission mitigation and energy transition.
Chairman of the Board of DBK, Marat Yelibayev, served as a speaker at the panel session "Implementation of Sustainable Development Principles by Financial Institutions: Trends in Green Financing," organized by the Damu Fund. In his presentation, he emphasized that the Bank’s activities align with the initiatives and core principles of the COP29 conference.
"The Bank is incorporating sustainable development principles by channeling resources into projects that mitigate the carbon footprint and conserve natural resources. DBK is dedicated to advancing the evolution of a sustainable economy and fostering the growth of ecological initiatives," stated Marat Yelibayev.
As part of the COP29 conference, Deputy Chairman of the Board of DBK, Botagoz Abisheva, delivered a speech at the panel session "Prospects for the Development of Mixed Climate Financing Mechanisms in Central Asia and the Caspian Region." Additionally, the Bank’s Managing Director, Dina Zhanadil, participated in the discussion at the Capacity-building Alliance for Sustainable Investment (CASI) platform, where she addressed topics related to sustainability reporting, including the challenges, benefits, and solutions.
As part of the official visit, the DBK delegation engaged in a series of discussions with international climate funds, including the Global Environment Facility, Adaptation Fund, UNEP FI, the European Investment Bank, and the OPEC Fund for International Development, where they explored opportunities for collaboration in financing transformative sustainable projects.
At the COP29 platform, DBK aligned with the Global Capacity Building Coalition to enhance collaboration and foster the development of financial institutions' capacities in emerging economies, in accordance with the strategic objectives set by the UN and G20.
