Azerbaijan's Amcham Holds Meeting Within Stakeholder Dialogue On Climate Change

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 19. The AmericanChamber of Commerce in Azerbaijan (AmCham) has held its secondevent in Baku as part of the Stakeholder Dialogue on Climate Changeinitiated this year, a source in AmCham told Trend .

"A joint meeting of the Sustainable Development and CorporateImpact Committee and the Procurement Committee took place as partof the series of events under the Stakeholder Dialogue on ClimateChange. We discussed existing global practices for sustainablesupply chains (goods, services) to further business growth," saidthe source.

The source reminded that the first event of the dialogue in Bakutook place in January and was dedicated to the theme of Year ofSolidarity for a Green World and the upcoming COP29 inAzerbaijan.

Until November 2024, AmCham will hold four more meetings as partof the Stakeholder Dialogue on Climate Change.

This AmCham initiative aims to promote awareness andcollaboration among enterprises in Azerbaijan in preparation forthe upcoming COP29 conference, which will take place in Baku fromNovember 11 to 24, 2024.

"The next four meetings of the AmCham dialogue will discuss therole of corporate governance in environmentally friendly businessoperations, global practices of non-financial reporting from theperspective of Azerbaijan's legislative framework, legal normsrelated to the ESG (Environmental, Social, and Governance) programin Azerbaijan, as well as available tax incentives," added thesource.

This November, Azerbaijan will host COP29. This decision wasmade at the COP28 plenary meeting held in Dubai on December 11 lastyear. Baku will become the center of the world and will receiveabout 70–80,000 foreign guests.

The United Nations Framework Convention on Climate Change is anagreement signed at the Earth Summit in Rio de Janeiro in June 1992to prevent dangerous human interference with the climate system - the Conference of the Parties- is the highest legislativebody overseeing the implementation of the Framework Convention onClimate Change. There are 198 countries that are parties to theConvention. Unless the parties agree otherwise, the COP is heldannually. The first COP event took place in March 1995 in Berlin,and its secretariat is located in Bonn.

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