Climate change impacts all aspects of economic activity, necessitating the adoption of environmentally friendly technologies, strengthening resilience to external factors, and adapting business strategies to new realities. It is crucial to note that the development of a green economy and the implementation of ESG principles (environmental, social, and corporate governance) are not just necessities but form the foundation for sustainable growth and the long-term prosperity of the country.

On November 5th, a meeting was held at the office of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, focusing on the adaptation of businesses, investment, and PPP projects to climate change while considering ESG principles.

The meeting was attended by representatives from the Ministry of Economy and Commerce of the Kyrgyz Republic, the PPP Center, the Association of Renewable Energy of the Kyrgyz Republic, the Union of Banks of Kyrgyzstan, the International Business Council, the OSCE in the Kyrgyz Republic, and other stakeholders. Discussions aimed at developing recommendations for the implementation of the Green Economy Development Program in the Kyrgyz Republic for 2024-2028.

As a result of the meeting, a decision was made to establish an advisory group within the platform of the Secretariat of the Investment Council, comprising representatives from both public and private organizations, as well as international development programs. The key task of this group will be to develop constructive recommendations and proposals for adapting business processes to the conditions of a changing climate, as well as to create conditions for the successful implementation of projects based on PPP principles.

The Secretariat of the Investment Council continues to support initiatives aimed at implementing green initiatives, improving the investment climate in the country, and creating conditions for sustainable economic growth.