Green Finance

Since 2017, in partnership with the Dutch Entrepreneurial Development Bank (FMO), we have been providing green loans that support energy efficiency, renewable energy solutions, and environmentally friendly technologies for households and businesses.

From 2018 to 2025, Crystal has disbursed over GEL 110 million in green financing, benefiting more than 40,000 clients, saving over 23 million kWh of energy and avoiding more than 3.5 million tons of CO₂ emissions.

Our green finance initiatives are implemented in close cooperation with international partners, including FMO, ADB, EBRD, GIZ and are integrated into Crystal’s broader ESG and impact framework, linking environmental sustainability with inclusive economic growth.

Key examples include:

• With ADB, Crystal issued the region’s First Certified Gender Bond (GEL 25 million), supporting women-led MSMEs, with a strong climate focus.
• With GIZ, Crystal acts as the exclusive financial partner in the Eco Georgia Forest Sector Reform project, distributing energy-efficient stoves in rural areas with a 30% subsidy from the Rural Development Agency.
• With Buzz Georgia (as franchise of Buzz Women Global), Crystal empowers women in 15 regions to lead climate-focused learning circles covering energy efficiency, financial literacy and Climate (as one of the 5 Cs).
• With the German Sparkassenstiftung, Crystal strengthened its ESG risk framework and developed the “Green Compass”, aligning internal systems with global ESG standards.

These collaborations shaped Crystal’s understanding that a system-wide shift required not just finance, but also leadership, inclusion and building strong management processes.