Billion Tree Fund

Upon the initiative of the President of Mongolia, the “Billion Tree” national movement commenced its activities with the aim of mitigating climate change, desertification, and soil degradation. As part of this work, per the initiative of the Bank of Mongolia and the member organizations of the Mongolian Bankers Association, the “Billion Tree National Movement Support Fund” was estab- lished in Mar ...

Mongolia SDG Finance Taxonomy

The SDG Taxonomy was developed by MSFA and UNDP Mongolia, in a phased approach and after several stages of consultations with policy makers, private sector organizations, civil society representatives, international agencies and technical experts, throughout 2021 and 2022. SDG Taxonomy (“SDG Taxonomy”), is a classification system of 142 Sustainable Development Goals (SDG)-aligned economic activiti ...

STeP EcoLab

The project aims at supporting the supply chain and the textile industry in adopting more sustainable sourcing and production practices and simultaneously improve the branding for sustainable products, optimise cost-saving measures and reach out to climate finance & diversify the portfolio of customers. STeP EcoLab will strive to leverage key drivers of sustainable consumption and production in Mo ...

SF principles, industry guidelines and a comprehensive ESG risk management methodology

Within the framework of this project, the core environmental and social standards, in other words SF principles for banking operations have been jointly devel- oped by the MBA, MSFA, IFC and FMO. Moreover, these institutions collab- oratively generated the guidelines for 5 sectors (mining, construction, agriculture, processing, textile) and a comprehensive ESG risk man- agement methodology (illust ...

Sustainable Finance University Course

MSFA, Ministry of Environment and Tourism, and Partnership for Action on Green Economy (PAGE) jointly developed the curriculum of the elective course called “Sustainable Finance” for university and institute students studying bachelor’s degrees in banking and finance. The first “Sustainable Finance” textbook was also developed. In accordance with this, the development of textbooks and learning mat ...

ToC E-Learning platform development

Inspired by the Kenyan sustainable finance e-Learning platform, the objective of this activity is to develop a comprehensive online knowledge platform for the Mongolian Sustainable Finance Initiative. The knowledge platform will consist of i) a website that consolidates all types of documents, tools, training materials, newsletters. video contents and publications developed as part of the Mongolia ...

European Orientation for Sustainable Environmental Management in Mongolia (ONE) Project

While the knowledge and understanding of EU institutions and best practices are becoming important competences, the relevant educational offer in Mongolia is still very limited. In order to fill this gap, National University of Mongolia (NUM) and MSFA are implementing the Europian Orientation for Sustainable Environmental Management in Mongolia project (ONE) funded by ERASMUS+ Programme, the EU's ...

Cooking, Heating, Insulation Package /CHIP/

Financed by UNICEF, the Swiss Agency for Development and Cooperation (SDC), and the Government of Mongolia and implemented by People In Need INGO, Mongolian Sustainable Finance Association and the Mongolian University of Sciences and Technology, the CHIP package was developed by leading international and local scientists and experts that designed an affordable, yet effective, solution to take down ...

Mongolia Green Finance Corporation

In 2016, organizations such as the MBA, MSFA, XacBank, Ministry of Finance, MET, GCF, and GGGI jointly initiated the project to establish a “Green Loan Fund” in Mongolia and founded the Mongolia Green Finance Corporation in 2018. It is planned to commence full operations in 2024, upon successful approval of the 50 million USD funding from the GCF, government and the private sector. With the establ ...