Central Bank begins new capacity-building training sessions for banks

04-11-2025

4 November 2025, Baku: On 30–31 October 2025, a two-day training session titled ‘Sustainable Finance’ was organized for the banking sector on the initiative of the Central Bank, with expert support from Ernst & Young (EY).

In his opening remarks, Shahin Mahmudzade, Executive Director of the Central Bank, emphasized the importance of initiatives aimed at strengthening human capital to support the green transition. He also highlighted several joint projects implemented by the Central Bank in partnership with international and local partners in this area.

The training program focused on key topics related to emissions accounting and climate-related financial disclosures. The sessions were designed to enhance participants’ understanding of sustainable finance and encourage the adoption of practical approaches aligned with international standards.

On the first day, discussions centered on ‘Climate-Related Financial Disclosures: IFRS S1 and S2 Standards, the Global Reporting Initiative, and Other International Frameworks.’ Participants explored the objectives and main requirements of these standards, examined global implementation practices, and learned about their integration into broader reporting frameworks.

The second day, dedicated to ‘Calculation and Management of Emissions Financed by Banks,’ introduced participants to methodologies for assessing and managing emissions associated with banking activities.

This initiative reflects the Central Bank’s ongoing commitment to promoting sustainability and transparency in the financial sector and strengthening institutional capacity in line with international reporting standards.