Networking & Collaboration
Technologies are vital to building climate-resilient, low-carbon societies. Many essential technologies already exist — the challenge is to get them deployed where they are needed, and to build the enabling environments to support technology innovation, adaptation and scale-up. An overwhelming number of developing countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement indicate a requirement for technology support and capacity building in order to achieve their commitments. To meet this need, the CTCN serves as a demand-driven and trusted partner, matching developing countriy needs for climate change-related equipment, methods, capacity development and policy advice with the world-class expertise of its Network and our collaborators.
XacBank, LLC
XacBank is one of Mongolia’s largest systemic banks, serving clients ranging from individuals to SMEs to the largest Mongolian corporations with a range of inclusive banking, investment services and other financial products. The Bank aims to create a sustainable value for its shareholders and institutional investors, while promoting a triple-bottom line vision and mission built around Planet, People and Profit. In line with this mission, the XacBank Eco Banking Department is the first and only private banking unit in Mongolia dedicated solely to providing environmentally sustainable financial solutions for both businesses and consumers. It has vast experience in providing business loans for energy efficiency and renewable energy solutions, and has implemented and financed climate change mitigation projects since 2009.
Established in 2001, XacBank has an extensive reach throughout the country with 96 branches, units and business service centers, 1,700 specialized personnel, more than 1,800 merchants and EASY Mobile bank agents who swiftly service more than 700 thousand customers with complex financial services using latest state-of-art technology. XacBank’s audited yearly financial statements and annual reports for every year since 2001 are readily available on its website.
