Crystal recognises and supports the UN Intergovernmental Panel on Climate Change’s assertion that “increased and urgent mitigation measures” are required to slow current levels of warming and shares the intentions of the Paris Agreement. 2 Crystal aims to protect the fragile ecosystems that it impacts through its operations, financing activity, supply chain and partner activity. Crystal also recognises the need to contribute to broader progress in the financial sector.
Crystal launched its green financing initiative in 2017 in the scope of targeted investment by FMO. The priority of the portfolio is to raise widespread public awareness of low carbon alternatives and improve their accessibility. As of 2020, the portfolio stands at GEL 8.1 million, having disbursed over 8.200 green loans, and our corporate strategy stipulates that this will increase to GEL 30 million by 2025.
