The National Bank of Georgia (NBG), in cooperation with German Sparkassenstiftung for International Cooperation (DSIK) Georgia, held the workshop to promote and support sustainable finance development and implementation of the environmental risk management processes in the Georgian financial sector. The main topic of the workshop was the calculation of financed emissions and matters related to its reporting.

Kempten University Professor Dr. Tobias Peylo, invited by an international expert by German Sparkassenstiftung Georgia, together with the representatives of the Sustainable Finance Division of the Financial Stability Department of the National Bank of Georgia, has presented the Financed Emissions methodology and the tool.

The Financed Emissions Tool is used to calculate financed emissions throughout the lending activities of the commercial banks. The principle of the Tool is based on international standards, namely, The Partnership for Carbon Accounting Financials (PCAF) methodology.

The Financed Emissions Tool enables financial institutions to analyze their credit portfolio better, determine the share of financed emissions, identify climate change-related risks and opportunities, and improve business processes in the direction of environmental management while making better strategic decisions.

The Financed Emissions Tool, methodology and detailed results can be found on the NBG web page.