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Case study

TSKB’s Sustainability Management System (SMS): managing climate change-related risks and opportunities

TSKB integrated the sustainability concept in its internal operations through the Sustainability Policy and Supplementary Policies of which final versions were approved by the Board of Directors on February 26th, 2015. Fundamentally, the Sustainability Management System is designed to ensure that all of the internal and external impacts of TSKB including environmental
Key points
  • Forming the SMS with TSKB top management and staff from different departments resulted in higher sense of ownership by the various employees having different perspectives – building on past initiatives, such as the 2005 ERET and the 2007 ISO 14001 Environmental Management System & 14064 GHG Emissions Inventories and Verification.
  • Strong partnership with international finance institutions on topics such as environmental and social risk assessment and sustainable finance products was helpful.
  • The SMS has helped support the development of new sustainable finance products, including: thematic loans for renewable energy, energy efficiency (EE) and resource efficiency (RE) finance, and green bonds..