A separate dedicated webpage Sustainable Development of the Financial Sector has been launched on the NBU’s official website.
The new page will contain documents and materials developed by the NBU with regard to the implementation of the principles of sustainable development and environmental and social responsibility in the financial sector, in particular:
- materials for the financial sector as a leader in sustainable development, which, by taking ESG factors into account, contributes to the creation of conditions for attracting funds to sustainable development projects
- information on the assessment of ESG factors, risks to the financial sector, and their consideration by financial institutions, including relevant requirements and recommendations made by the regulator.
The page also contains a new glossary of terms on sustainable development in the financial sector, developed to ensure a clear and coherent understanding of concepts in this area among financial sector participants and to improve the quality of prudential regulation.
The glossary has been preliminarily reviewed with key stakeholders, including the financial sector and the World Bank, and is based on European prudential terminology (including EU Capital Requirements Regulation and recommendations of the European Banking Authority [EBA]), taking into account the realities of Ukraine.
Further clarifications and additions to the glossary are possible as the ESG domain develops and as progress is made in implementing European standards and practices in Ukraine’s financial sector.
The Sustainable Development of the Financial Sector page will also be updated and supplemented in the future.
As a reminder, the White Paper on Managing Environmental, Social, and Governance (ESG) Risks in the Financial Sector envisages a phased implementation of requirements for the financial sector: they will be implemented for banks during 2025–2026 and from 2026 to 2030 for other publicly important financial institutions that have a significant impact on sustainable development and higher exposure to ESG risks.
International principles of sustainable development and environmental and social responsibility, taking account of the current challenges caused by the russia’s military aggression against Ukraine, were integrated into the Methodological Recommendations on Organization of Corporate Governance in Banks of Ukraine in February 2026.