PROSPECTS FOR THE IMPLEMENTATION OF PRB PRINCIPLES AND ESG PRODUCTS IN THE ACTIVITIES OF COMMERCIAL BANKS IN KYRGYZSTAN

Abstract

The foundations of the PRB principles and the prospects for the development of responsible banking in the financial sector of Kyrgyzstan were considered. The conceptual foundations of ESG and the prospects for the development of the principles of responsible banking in the financial sector of Kyrgyzstan were also considered. The purpose of the study: to reveal the relevance, main concepts and standards of ESG reporting, to identify its priorities in the field of sustainable finance. More precisely, to consider the structure of ESG reporting, as well as to identify its priorities in the field of sustainable finance. Materials and methods of the study: an analysis of ESG-products of banks of Kyrgyzstan is carried out, that is, a SWOT analysis of ESG-products of banks of Kyrgyzstan is carried out. Results of the study: an economic assessment of the implementation of the principles of responsible banking. Conclusions: PRB principles are at the stage of active formation in the activities of banks of Kyrgyzstan: regulatory support, international partnerships and the National Bank's roadmap create a solid foundation for the further development of the sustainable banking sector. More precisely, the ESG products of Kyrgyz banks are in the stage of active formation: the support of regulatory authorities, international partnerships, and the roadmap of the National Bank are creating a solid foundation for the further development of a sustainable banking sector.