The Eurasian Development Bank (EDB) has won the prestigious international Environmental Finance’s 2021 IMPACT Award in the energy category. Press service of the bank reports.
The winning project is Atyrau street lighting (Kazakhstan). Each year, the international publication Environmental Finance and an independent panel of experts vote on the best projects and companies in impact investing and green finance. Environmental Finance’s IMPACT Awards confirm the international community’s recognition of the nominees’ excellence and intellectual leadership in the global marketplace.
«The construction of the street lighting network in Atyrau has had a major environmental and social impact on life throughout the city. This includes a reduction in annual carbon dioxide emissions and in the number of road accidents, which has almost halved. I am glad that the project has now been recognized internationally. Financing green energy projects is among the bank’s priorities and is in line with the ESG approaches enshrined in its new strategy. Over the past five years, we have extended significant financial support for renewable energy, energy efficiency, and waste management projects. The total investment has exceeded $650 million,» Amangeldy Issenov, Vice Chairman of the EDB Management Board, said.