Moscow, May 14, 2021 — Natalya Tretyak, First Vice President of Gazprombank, took part in the discussion “The Role of the Banking Sector in the Context of Climate-Control Efforts and Transitioning to a Low-Carbon Economy on the Global Scale,” organized by Climate Governance Initiative (CGI) Russia.
At the event, representatives of the largest Russian banks joined the Bank of Russia to share their views about the interconnectedness of bank activities such as risk management and the financing of climate change projects.
In her remarks, Natalya Tretyak discussed how Gazprombank is becoming a conductor of efficient strategies for its clients and partners on the path to a sustainable business model. In particular, the Bank is pursuing ESG consulting (E for environmental, S for social, and G for governance), taking part in work groups focused on the development of mechanisms for government regulation of the sector, designing and introducing green-financing instruments and actively integrating sustainable development principles in all areas of the Bank’s operations.
“The activities of the banking sector play a crucial role in reducing adverse impact on the climate. In particular, what is at issue is the introduction of responsible investment and financing instruments, the establishment of centers of excellence for clients, ESG risk assessment — and definitely reducing the impact of our own operations on the climate. At Gazprombank, we are actively introducing the ESG framework at all levels — both inside the organization and by encouraging our clients and partners to switch to a sustainable business model,” said Natalya Tretyak.