The National Bank of Georgia said at a sustainability reporting event organized by the Service for Accounting, Reporting and Auditing Supervision that it sees sustainability reporting as an important element of banking sector and capital market development, and that assurance services should develop alongside reporting practices in Georgia. In remarks at the event, First Vice President Ekaterine Mikabadze linked sustainability reporting to corporate governance, risk management and more informed investment decisions. The update restated the central bank’s main sustainable finance initiatives, including ESG guidelines for commercial banks, an ESG reporting and disclosure framework, and work on a regulatory framework for green, social, sustainability and sustainability-linked bonds. Mikabadze said the quality and reliability of sustainability information are critical for sustainable finance development, and that assurance services can strengthen investor confidence and reduce greenwashing risk.
National Bank of Georgia2026-05-22
National Bank of Georgia highlights ESG reporting reforms and calls for local sustainability assurance services
The National Bank of Georgia reiterated that sustainability reporting is key to banking sector and capital market development and stressed the need to develop assurance services. First Vice President Ekaterine Mikabadze highlighted the bank’s ESG guidelines for commercial banks, ESG reporting and disclosure framework, and work on a regulatory framework for green, social, sustainability and sustainability-linked bonds, noting that high-quality sustainability information and assurance can support investor confidence and reduce greenwashing risk.