XacBank Sustainability Report 2023
Our annual sustainability report acts as a comprehensive communication tool, detailing XacBank's strategies on various non-financial aspects, significant sustainability initiatives, and impactful achievements in 2023.
The report aligns with internationally recognized guidelines endorsed by the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) Standards, and Task Force on Climate-related Financial Disclosures (TCFD).
XacBank actively gathers data to track the social and environmental impacts of our operations. We embrace in-house environmental protection measures, such as promoting efficient energy, fuel, and water use; reducing paper consumption; and managing our waste.
We are also reporting the calculation of our annual Scope 1 and 2, CO2 emissions by XacBank in 2023.
Since our establishment in 2001, XacBank has been actively implementing social and environmental values in its business strategy, operations, credit operations, and products and services, as stipulated in the Shareholders' Agreement.
In 2023, we established a governance structure to manage climate change risks and developed a climate risk transition plan aligned with the Paris Agreement, which was approved by our Board of Directors. Moving forward, we will continue to enhance our cooperation with international agencies, partners in the banking and financial sector, and regulatory bodies to foster sustainable development in Mongolia's economy and investment landscape.
Click HERE for the full detailed report.
