Ukraine National Commission on Securities and Stock Market to lead ESG benchmarks subgroup and co-lead financial instruments work on Sustainable Development Finance Platform

The Ukraine National Commission on Securities and Stock Market (NSSMC) participated in the launch of the Sustainable Development Finance Platform, a national coordination mechanism intended to align policy, investment and regulatory decisions supporting Ukraine’s recovery, European integration and long-term sustainable development. Under the Platform, the NSSMC will lead the subgroup on environmental, social and governance (ESG) benchmarks and, together with the National Bank of Ukraine, will be responsible for the subgroup on financial instruments. The ESG benchmarks work is expected to include developing a comprehensive set of methodological requirements for calculating ESG benchmarks, with the first step described as creating a legislative framework. In remarks at the launch forum, Strategic Development Director Yelyzaveta Revilo pointed to work following the law on capital markets and organised commodity markets, including recommendations for selecting projects for financing under green bond provisions and an annex on sustainable development added to the Corporate Governance Code. She also referenced implementation of the European Union Green Bond Standard as part of the European integration track, intended to enable social and sustainable development bonds alongside green bonds, and strengthening monitoring systems to help prevent greenwashing.