A working meeting was held at the office of the International Green Technologies and Investment Projects Center (IGTIPC) with a delegation from JSC Nurbank led by Chair of the Management Board Gulnara Musataeva. Initiated by the bank, the meeting focused on opportunities for strategic cooperation in the fields of sustainable finance, ESG agenda, and participation in global climate initiatives. Particular attention was paid to the prospects of Nurbank’s accreditation with the Green Climate Fund (GCF).

The GCF is one of the largest international climate finance mechanisms that supports projects related to sustainable development, decarbonization, green energy, and climate adaptation. Accreditation with the fund would allow Nurbank to attract substantial resources to support green initiatives in Kazakhstan.

IGTIPC confirmed its readiness to serve as a service partner and provide full support throughout the accreditation process. As part of the cooperation, IGTIPC offers a comprehensive range of expert and service support for financial institutions engaged in sustainable development. This includes technical assistance and documentation support during the accreditation process, assessment of project compliance with sustainability and climate-neutral development criteria, and independent expert review and verification of potential green projects. The center also provides advisory services on the issuance of green bonds, from preparing technical opinions to structuring and supporting placement. An important aspect of this work includes connecting partners to international platforms such as the Climate Bonds Initiative, GCF Readiness, and other mechanisms facilitating access to global climate finance.

The meeting also addressed the bank’s ESG agenda. Nurbank has already established a dedicated ESG unit, is actively working toward obtaining an ESG rating, and is implementing instruments for sustainable finance.

In addition to GCF accreditation, the parties discussed the potential for cooperation within the GCIP Kazakhstan programme aimed at supporting cleantech startups.

“We value Nurbank’s strategic focus on ESG and see significant potential for long-term partnership in advancing the green economy and supporting climate initiatives,” noted Saken Kalkamanov, Acting Chairman of the Management Board of IGTIPC.

Following the meeting, the parties agreed to begin joint work on a cooperation roadmap and to identify priority steps for the implementation of pilot projects.