Cambodia Mobilizes Banking Sector to Drive $32 Billion Green Investment Agenda

PHNOM PENH, May 27, 2026 (KPT) — Cambodia is strengthening the role of its banking sector in climate action as the country seeks to mobilize more than $32 billion in green investment to meet its 2035 emissions‑reduction targets, officials said Wednesday.

The push was highlighted at a two‑day workshop on sustainable finance jointly organized by the Association of Banks in Cambodia (ABC) and the Global Green Growth Institute (GGGI) under the theme “Sustainable Finance, Taxonomy, IFRS Sustainability Disclosure Standards, and Climate Risk.”

More than 100 participants from ministries, regulators, banks and financial institutions joined discussions on how Cambodia’s financial sector can better manage climate risks and channel investment into sustainable projects.

Environment Minister Eang Sophalleth reaffirmed Cambodia’s commitment to cutting greenhouse gas emissions by up to 55 percent by 2035 under its Nationally Determined Contribution (NDC 3.0), stressing the need for significant climate financing and international cooperation.

Industry representatives said private banks and financial institutions will be critical in closing Cambodia’s climate finance gap, as public funding alone remains insufficient. The workshop also focused on preparing banks for the Sustainable Finance Taxonomy and future adoption of IFRS Sustainability Disclosure Standards to improve transparency and investor confidence.

“Climate risk is financial risk,” said GGGI country representative Nathalie André, urging stronger capacity in risk assessment, stress testing and disclosure. ABC Council Member and Chairman of Sustainability Committee, Dith Sochal added that the financial sector must mobilize and scale up funding to achieve Cambodia’s climate targets.