JSCB Uzpromstroybank received prestigious “ESG Business” magazine Awards

In Singapore, “ESG Business” magazine honored organizations showcasing sustainable and innovative practices during the Awarding ceremony. Uzpromstroybank stood out by receiving two prestigious awards, recognizing its commitment to ESG initiatives.

Uzbekistan's strategy for transitioning to a “green” economy from 2019 to 2030 has significantly accelerated the adoption of ESG principles across organizations and institutions.

Uzpromstroybank has implemented its ESG system in collaboration with the International Finance Corporation. This partnership has enabled the bank to significantly reduce the negative environmental impact of its production processes. Key achievements include enhancing energy efficiency, conserving natural resources, and minimizing carbon emissions.

At a prominent event organized by “ESG Business” magazine, Uzpromstroybank received special recognition for its activities in sustainability. The bank was awarded for two key projects supported by the institution, highlighting its commitment to advancing ESG principles and making a meaningful impact in the sector.

Specifically, Uzpromstroybank received a prize for its project in the oil and gas sector focused on implementing renewable energy sources in Uzbekistan. Additionally, the bank was recognized for another project aimed at enhancing energy efficiency within the construction materials industry.

Within the awarding ceremony, it was emphasized that Uzpromstroybank's activities grounded in ESG principles play a crucial role in addressing significant socio-economic challenges. These initiatives aim to conserve natural resources and promote environmental sustainability while also fostering the development of advanced technologies. Additionally, the bank’s efforts contribute to reducing production costs, creating new jobs, and providing competitive wages for workers and employees, ultimately supporting a more sustainable and equitable economy.

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