Trade and Development Bank (TDB) strives to achieve neutral emissions by 2050, supported by an indicative allocation of USD 2 billion into sustainable finance. In pursuit of these objectives, the Bank integrated ESG principles into its operations, issued Mongolia’s first Green and Social Bond, partnered with international banks and financial institutions to secure long-term concessional financing and its accreditation with the Green Climate Fund (GCF) to access co‑financing for large-scale climate initiatives. Furthermore, with the expertise of Crédit Agricole CIB, the Bank’s mandated Sustainable Finance Advisor, TDB has updated its Sustainable Financing Framework to reinforce its commitment to supporting the transition toward a low‑carbon economy.
Framework’s credibility is reinforced by a second-party opinion from S&P Global Ratings, which confirmed its alignment with international market practices and TDB’s established sustainability criteria. It also integrates the latest standards set by the International Capital Market Association (ICMA), including the 2025 Social Bond Principles, the 2025 Green Bond Principles and the 2021 Sustainability Bond Guidelines.
Under its updated Sustainable Financing Framework, TDB will support projects that deliver environmental and social benefits across a broad range of eligible categories. Framework encompasses initiatives aimed at reducing environmental impact and fostering both short- and long-term resilience while also backing social projects designed to enhance quality of life and expand economic opportunity. These efforts can be grouped into the following areas:
Framework constitutes a pivotal mechanism for TDB in advancing its sustainability agenda, expanding sustainable financing and ESG investments, and enhancing the TDB’s capacity to access international capital markets and facilitate future sustainable finance issuances. With the issuance of an SPO report from S&P Global Ratings, TDB reaffirms its commitment to advancing its sustainability objectives while contributing meaningfully to Mongolia’s Nationally Determined Contributions (NDCs) and the United Nations Sustainable Development Goals (SDGs).
TRADE AND DEVELOPMENT BANK