National Bank strengthens climate risk capacity with EIB support
The National Bank has successfully completed climate risk training in partnership with the European Investment Bank (EIB) as part of the Green Financial System Program. With this cooperation, the National Bank has significantly strengthened its capacities to tackle climate challenges and to support green investments.
As part of the program, over 50 National Bank employees received climate risk training, green finance and financial regulation concerning banks’ sustainability. The acquired knowledge will also be shared with other financial institutions in the country, for better management of climate impacts throughout the sector.
– Climate risk management is our strategic priority. Thanks to its partnership with EIB, we are now better prepared to incorporate the climate aspects of our policies and to support the transition to a sustainable economy-said National Bank Governor Anita Angelovska-Bezoska.
Bjorn Gabriel, an EIB representative for Macedonia, said this partnership contributes to investing in energy efficiency.
– We are proud to support the National Bank in its commitment to sustainability. This partnership contributes to investing in energy efficiency and adapting companies to climate change, which is important for the long -term competitiveness of the economy – Gabriel said.
Maps of the climate risks for the country were also developed and a national research on the awareness of the sustainable business and the impact of climate change on their operations was conducted. The program also provided vocational support for the National Bank to establish banks’ reporting frameworks for climate risks, according to international standards.
The program is funded by the Ministry of Economy and Climate Action of Germany through the International Climate Initiative (IKI).
