Nepal Bankers’ Association (NBA) organized a virtual Community of Practice (CoP) session on “Understanding and Operationalizing Green Finance Taxonomy in the Nepalese Banking Sector”. The session was held as part of NBA’s ongoing CoP initiative under Sustainable Finance, which provides a platform for peer learning, knowledge sharing and collective dialogue among banking professionals.
During the session, the technical presentation was delivered by Dr. Bimal Raj Regmi, Climate Change and Natural Resource Management Expert, who shared insights into various aspects of Nepal’s Green Finance Taxonomy – 2024. Dr. Regmi shared on how the taxonomy offers a structured classification system to identify and distinguish green economic activities, enabling financial institutions to align their portfolios with national sustainability priorities. He also emphasized the practical importance of integrating the taxonomy into banking operations and discussed common implementation challenges. Furthermore, he underlined the need for banks to begin early preparation and capacity-building efforts even before the taxonomy becomes mandatory.
The session was attended by more than 45 banking professionals from various member banks, reflecting the growing interest and commitment within the banking community to enhance their understanding and operational readiness in the area of sustainable finance.
