The Central Bank of Mongolia organised a workshop for its supervisory and policy staff to present a new “Discussion Paper on Environmental, Social, and Governance (ESG) in Mongolia”, developed following a UNESCAP assessment of the central bank’s ESG risk methodology implementation and reporting framework. Prepared under the “Readiness Support for Greening the Central Bank” project implemented with the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the paper concludes that Mongolia has begun building its ESG regulatory infrastructure but recommends further steps to align with international standards. Recommended actions include strengthening the legal and regulatory framework, introducing risk-based supervision, improving quantitative risk assessment methodologies and related capabilities, building an integrated ESG data infrastructure, and establishing a unified digital platform for data collection and reporting. The May 7, 2025 session covered international ESG and climate risk standards, risk-based supervision methodologies, and Mongolia’s ESG disclosure system and current policy measures, and also gathered participant feedback.
Central Bank of Mongolia 2025-05-09
Central Bank of Mongolia presents UNESCAP ESG discussion paper and holds workshop on risk-based ESG supervision
The Central Bank of Mongolia held a workshop to present its "Discussion Paper on Environmental, Social, and Governance (ESG) in Mongolia," developed with UNESCAP. The paper suggests Mongolia is building its ESG regulatory infrastructure but needs further alignment with international standards, including enhancing legal frameworks and risk-based supervision. The session addressed international ESG standards, risk methodologies, and Mongolia's ESG disclosure system, gathering participant feedback.