IMPLEMENTATION OF A CREDIT POLICY BASED ON ESG PRINCIPLES IN BANKS

This article examines the implementation of ESG-based credit policy in commercial banks as an integral component of modern risk management and sustainable finance. It analyzes institutional mechanisms for integrating environmental, social, and governance factors into credit decision-making, emphasizing regulatory drivers, risk mitigation effects, and long-term value creation. Using empirical facts from international banking practice and selected data relevant to Uzbekistan’s financial sector, the study demonstrates how ESG-oriented credit frameworks influence portfolio quality, stability, and strategic alignment with sustainable development objectives.