Sustainable Finance — a Key Tool for Ukraine

Sustainable Finance — a Key Tool for Ukraine's Reconstruction: Green Transition Office Participated in Interdepartmental Meeting at the Presidential Office

The first interdepartmental meeting dedicated to the development and implementation of financial mechanisms for sustainable development of Ukraine under martial law was held at the Presidential Office. The Green Transition Office team joined the event.

The meeting, chaired by Presidential Office Head Advisor Yurii Katsion, brought together key stakeholders. Among the participants were: Oleh Voitovych - Deputy State Secretary of the Cabinet of Ministers of Ukraine, Mykola Brusenko - General Director of the Directorate for Socio-Economic Policy of the Presidential Office of Ukraine, Yurii Shafarenko - Deputy Head of the Main Department of the Directorate for Socio-Economic Policy of the Presidential Office of Ukraine, Yehor Perelyhin - Deputy Minister of Environmental Protection and Natural Resources of Ukraine, Roman Andarak - Deputy Minister of Energy of Ukraine, Ruslan Mahomedov - Chairman of the National Securities and Stock Market Commission, Pervin Dadashova, PhD, FRM, CFA - Director of the Financial Stability Department of the National Bank of Ukraine, Julia Jesson - Project Manager of the Ukrainian Climate Office, Dr. Oleksandr Sushchenko - GIZ Consultant on Sustainable Development, Hanna Rutkovska - GIZ Climate Advisor, Andrii Kitura - Head of the Green Transition Office, Andrii Hapon - Chairman of the Board of the Business Development Fund, and other representatives.

"Sustainable finance is one of the key tools for reconstruction and economic recovery of Ukraine. The Green Transition Office, together with colleagues from the Ministry of Economy, Ministry of Finance, and the National Bank of Ukraine, developed and agreed upon a Roadmap for implementing sustainable finance and ESG in Ukraine. The Roadmap includes the implementation of Green Taxonomy, CSRD directive, green criteria in public investments, and a separate platform with information about available green financing programs.", — noted Andrii Kitura, Head of the Green Transition Office, Development Director of DiXi Group.

During the event, priority areas for sustainable finance development were discussed, including the implementation of the European Taxonomy for sustainable activities, integration of ESG risks into financial analysis, and development of environmental management systems. Special attention was paid to adapting international standards to the conditions of martial law and Ukraine's recovery needs.

The Green Transition Office at the Ministry of Economy actively coordinates work on implementing the National Energy and Climate Plan (NECP), and also supports the Government of Ukraine in implementing green financing and ESG reporting in accordance with EU requirements.

Following the meeting, participants agreed on further coordination of efforts to improve sustainable development financing mechanisms in accordance with European standards and Ukraine's needs under war conditions and future recovery.