Today . Az - Azerbaijan prepares national ESG Standard to support Green Agenda

Azerbaijan is actively developing its national Environmental, Social, and Corporate Governance (ESG) standard, as announced during a meeting at the Baku KOB House. The initiative, discussed at the Corporate Management, Investments, and Corporate Social Responsibility Working Group, is being prepared with technical assistance from the International Organization for Standardization (ISO) and the Azerbaijan Standardization Institute. The national ESG standard aims to create a comprehensive regulatory framework for ESG activities, promoting sustainable development. The meeting also emphasized cooperation with the World Economic Forum, which supports efforts to improve Azerbaijan s business environment and innovation through updated data on indicators like Conditions for Doing Business and Development of Clusters in the Global Innovation Index. The adoption of the national ESG standard is expected to enhance the country s green agenda and sustainable growth. Key officials, including Vusal Shikhaliyev and Orkhan Mammadov, participated in the meeting, highlighting the importance of this initiative for Azerbaijan s future.

Source: today.az
Published on 2024-09-14