Sustainable Finance
Sustainable finance aims at integrating Environmental, Social and Governance (ESG) criteria
into financial decision making and supporting sustainable economic growth. It also aims at
increasing financial actors' awareness and transparency about the need to mitigate and manage
ESG risks, considering the longer-term nature of such risks and the uncertainty on their valuation and pricing.
The Central Bank of Armenia (the CBA) is a member of internationally recognized platforms on Sustainable Finance, including the Network for Greening Financial System (NGFS) in 2020 and Sustainable Banking and Finance Network (SBFN) since November 2021. As a member of these platforms the CBA is involved in thematic working groups in sustainable finance, cooperating with other countries on developing policy papers and knowledge exchange.
The CBA took the initiative of embedding sustainable finance concepts into the Armenian financial system , developing the “National Sustainable Finance Roadmap” approved according to the point 18 of Protocol No. 25 of the Board meeting held on September 5, 2023. The roadmap represents the action plan to be undertaken by the CBA until 2026 for embedding sustainable finance into the Armenian financial sector.