Tashkent, Uzbekistan (UzDaily.com) -- Uzpromstroybank has developed an energy policy within the framework of international standards. This, as a financial factor in compliance with ESG principles in Uzbekistan, will serve to save natural resources in the field of environmental protection.

In our country, within the framework of the Strategy for the Transition to a Green Economy, processes aimed at increasing the effectiveness of measures to ensure green and inclusive economic growth, the use of renewable energy sources and further expanding resource savings in all sectors of the economy are being increasingly accelerated.

The decree of the President of the country from 31 July 2023 “On additional measures to strengthen financial stability and accelerate the privatization of the joint-stock commercial bank Uzpromstroybank” defines a number of tasks in this direction.

The energy policy of Uzpromstroybank, developed on the basis of the resolution, is aimed at systematically and sustainably increasing the energy efficiency of projects financed by the institution, reducing greenhouse gases and reducing the dynamics of global warming.

The document also regulates a responsible approach to the goals and objectives defined for the reasonable and economical use of fuel and energy resources in the Bank’s activities.

The policy, developed with the assistance of the European Bank for Reconstruction and Development, the Asian Development Bank and the International Finance Corporation, covers a number of measures.

These include the use of certified energy-saving technologies and equipment in the design, reconstruction, construction and equipment of all buildings and structures of the Bank, ensuring the effective operation of the bank’s energy management system with obtaining a certificate of compliance with the requirements of the ISO 50001 energy management system, as well as defining the goals and objectives of developing energy efficiency improvement programs and integrated development based on energy planning.

The implementation of this policy, along with reducing climate change, will also save a large amount of money and resources.