BSTDB Approves Climate Change Strategy

The Board of Directors of the Black Sea Trade and Development Bank (BSTDB) approved the Bank’s firstClimate Change Strategythat represents the vision and approach to addressing climate change over the next ten-year period and beyond.

The Strategy defines a more purposeful role for the Bank in supporting its shareholders in both mitigating and coping with the impacts of climate change mainly by shifting the financing priorities to more climate positive operations and increasing climate co-benefit potential in its operations.  By doing so, the Bank intends to better align its financing with the Member States’ climate priorities.