As part of this initiative, UNDP, the European Union, Sweden, and the United Kingdom are supporting the business environment on both banks of the Dniester River as they align their operations with international sustainability reporting standards and leverage the benefits of integrating ESG principles into their operations.
These benefits include access to “green” financing, the promotion of innovation, and integration into European value chains. All of this is part of the “ESG for Strong Business” awareness and education campaign, designed to familiarize companies with the benefits and opportunities offered by sustainable practices.
The signing ceremony took place as part of an event that brought together 70 representatives from government agencies, the business community, financial institutions, development partners, business support organizations, and experts. Participants discussed the role of ESG principles in enhancing companies’ competitiveness, improving access to financing, boosting exports, and ensuring compliance with European standards.
“The adoption of ESG principles provides companies with an increasingly important competitive advantage in an ever-changing global economy. More and more investors, business partners, and customers are paying attention to how companies manage environmental, social, and governance aspects. We welcome the commitment of business associations on both banks of the Dniester to promote these principles and contribute to the development of a modern, responsible, and sustainable economy. “We will continue to support the business environment through tools, information, and initiatives that facilitate the adoption of ESG standards and the utilization of the opportunities they offer,” said Oleg Bivol, State Secretary of the Ministry of Economic Development and Digitalization of the Republic of Moldova.
“For members of the Moldovan Banking Association, the ESG agenda is a crucial element of the banking sector’s responsible development, contributing to stronger governance, sound risk management, and the channeling of financing toward sustainable projects. Banks play an important role in supporting the transition to a more sustainable, transparent, and inclusive economy, and cooperation with development partners, including UNDP, is crucial for accelerating these processes,” said Doreel Noroc, President of the Moldovan Banking Association.
