The National Bank of Ukraine has launched a dedicated “Sustainable Development of the Financial Sector” page on its official website, bringing together its documents and materials on implementing sustainable development and environmental and social responsibility in the financial sector, including the consideration of ESG factors and related risks. The page includes materials on the financial sector’s role in sustainable development through taking ESG factors into account to help create conditions for attracting funding to sustainable development projects, as well as information on assessing ESG factors and risks and how financial institutions should consider them, including regulatory requirements and recommendations. It also introduces a new sustainable development glossary for the financial sector to support consistent understanding of key concepts and improve prudential regulation; the glossary was preliminarily reviewed with stakeholders including the financial sector and the World Bank and is based on European prudential terminology, including the EU Capital Requirements Regulation and European Banking Authority recommendations, adapted to Ukraine’s realities. The NBU said the page will be updated and supplemented over time, and that further clarifications and additions to the glossary are possible as the ESG domain evolves and as European standards and practices are implemented in Ukraine’s financial sector. It also reiterated the phased rollout in its White Paper on managing ESG risks, with requirements implemented for banks during 2025–2026 and from 2026 to 2030 for other publicly important financial institutions with significant sustainable development impact and higher exposure to ESG risks.

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