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08 Sep 2025
North Macedonia advances climate finance under the GFS programme
Under the Greening Financial Systems (GFS) programme, a market study surveyed over 300 medium and large enterprises across key industries in North Macedonia to assess sustainability practices, climate risk exposure and green finance uptake. The survey revealed insufficient levels of awareness about the green economy: only 7% identified as experts, while 30% were entirely unfamiliar with the concept. Despite this gap, over a quarter of respondents saw competitive advantage and revenue growth as key benefits of transitioning to greener practices. Insights from interviews and focus groups are informing the development of a climate risk disclosure framework for banks, expected to be finalised later in 2025.
