ESG and Climate Change

Climate change presents risks and opportunities for financial sector in both emerging and advanced economies. Financial institutions cannot stay away from the transition path to low-carbon economies and become more and more interested in so-called green finance aimed at environmentally conscious business activities.

EthnoExpert assists financial institutions in developing standardized green financial products for energy and resource efficiency, renewable energy and waste management projects. It includes helping the client to determine market potential, build capacity to identify, assess and process green transactions. Proven green finance methodology, staff trainings and a set of marketing tools help the client to attract multinational investors to further fund its green lending operations.

Green energy finance unlocks opportunities for:

  • Creating an innovative product that attracts new customers
  • Monetizing existing client base, cross-sales
  • New marketing channels through equipment vendors
  • Improved portfolio risk profile
  • Energy cost-saving stimulating cash-flow
  • Positive social and environmental impacts
  • Enhanced brand reputation, PR opportunities, CSR impact

EthnoExpert delivers a structured Green Finance product and builds clients’ capacity to independently manage a broader service, meeting customers’ needs for financing renewable energy projects, energy efficiency measures and clean technology upgrades.

Our Key Experts

Maxim Titov

EthnoExpert Partner, Green Finance and Climate Strategy Leader

  • From 2005 to 2015 – Project Manager for Green Finance at the International Finance Corporation (IFC), a member of the World Bank Group, in Russia, Eastern Europe, the Middle East and North Africa
  • Consultant of Green Climate Fund, GIZ, UNECE and other international organizations on green finance
  • Winner of the grant competition of the Vladimir Potanin scholarship program 2019/2020: Development of the course “Fundamentals of Sustainable Energy”
  • Member of the United Nations Development Program (UNDP) Expert Group and the UN Economic Commission for Europe (UNECE) Expert Group on Energy Efficiency
  • 15+ years of experience in financing sustainable development projects, energy and resource efficiency and climate change
  • Since 2016 – Head of the ENERPO Research Center of the European University at St. Petersburg.

Elena Shonia

Leading expert in green finance

  • 20+ years of experience in consulting and training managers, owners, personnel of commercial banks, employees of international organizations
  • 10+ years of specialization in strategic consulting on green finance
  • Implementation of business models for financing sustainable development projects in 8 countries of Europe, Asia and the Middle East, with the formation of a portfolio of 356 million dollars at the end of 2018
  • Co-author of the IFC publication “Bank financing of energy efficiency projects: practical recommendations and examples” / Elena Shonya and Maxim Titov. – IFC (World Bank Group), 2012.
  • Visiting Researcher at the UN UNEP DTU Partnership – Copenhagen, Denmark on the topic: “Potential models for aggregating pools of homogeneous loans in the field of sustainable development”, 2019.

Olga Teplova

Expert in innovative forms of financing for climate policy and sustainable development, integration of ESG indicators into company reporting.

  • Certified expert of the Frankfurt School of Business and Management (Frankfurt School / UNEP Collaborating Center): Sustainable Finance (2020), Climate & Renewable Energy Finance (2015);
  • Individual member of the SASB association;
  • Since 2015, he is the curator of the English-language part of the Stock Market Learning (SML) program together with the German Savings Banks (Sparkassen-Finanzgruppe), as well as a lecturer in the Sustainable Development module at the St. Petersburg State University of Economics.
Maxim Titov

Partner, ESG and Climate Change

"Our main objective is breaking down any barriers that exist between green finance and green projects."

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