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Respecting ESG Standards Accelerates EU Accession

Montenegro is recognised as the driver of numerous regional initiatives, particularly those related to green transition, sustainable finance and the circular economy.

Pursuing the Green Agenda is among Montenegro’s priorities in the EU accession process, because the state leadership believes sincerely that implementing standards related to environmental protection, social responsibility and governance is key to long-term economic stability and prosperity.

The Government of Montenegro’s position is that the adoption of ESG standards in agriculture, forestry, tourism and transport will help preserve natural resources, protect biodiversity and reduce the negative impacts of climate change. Its position is that the increased use of green energy is crucial to reducing the dependence of Montenegro, and the Western Balkans as a whole, on fossil fuels and responding to the challenges caused by climate change.

Montenegro is the first country in the region to have defined a new economic growth model that implies transitioning from a linear business model to a circular one, through the creation of its Strategy for Circular Transition until 2030, with which it confirms its openness to cooperating with all investors who make sustainable and green investments.

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