(MENAFN- AzerNews)
Nazrin Abdul
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Azerbaijan is committed to the goals of sustainable development
and recognizes the decisive role of public-private partnerships
(PPPs) in the advancement of environmental, social, and corporate
governance (ESG), Azernews reports.
Deputy Economy Minister Sahib Mammadov stated this during his
speech at the Environmental, Social, and Corporate Governance (ESG)
Summit on "Public-Private Partnership for Sustainable
Development."
"In December 2022, Azerbaijan took a significant step forward by
adopting the law on public-private partnerships to ensure strong
collaboration between sectors. In line with these principles, we
have implemented clear incentives and safeguards to attract
investments and stimulate economic growth, while ensuring
transparency, efficiency, and fairness. This aligns with our
commitment to upholding the rule of law, promoting free
competition, and ensuring that our partnerships are not only
economically beneficial but also ethically and socially
responsible. I am pleased to announce one of the initiatives we
have implemented under the public-private partnership mechanism -
desalination of seawater for drinking water production," he
said.
Mammadov noted that the environment is an integral part of the
global supply chain, as more than half of the world's total GDP
depends on nature, particularly in sectors such as construction,
agriculture, and forestry:
"I would like to emphasize that Azerbaijan supports various
initiatives, from transitioning to a circular economy to the
adoption of 'clean technologies' and the expansion of the use of
renewable energy sources."
Vusal Shikhaliyev, Sector Head of the Department of Economic
Policy and Industrial Affairs at the Presidential Administration
and Secretary of the Commission for Business Environment and
International Ratings, mentioned that this year, the Azerbaijani
government is striving to offer discounts and privileges in
environmental, social, and governance responsibilities (ESG) to the
public and business representatives.
He noted that the application of ESG elements is very important
on the eve of the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29): "We are
working to create conditions for active participation of all
parties in ESG. Improving the business environment in terms of
promoting ESG elements constitutes a key priority goal."
Vladanka Andreyeva, the UN Resident Coordinator in Azerbaijan,
highlighted during her speech at the summit that the UN is
committed to supporting Azerbaijan's measures to combat climate
change even after COP29 is held in November.
"Our climate discussions focus on strengthening national
dialogue and action on climate change and just transitions. Today's
event marks our 15th climate dialogue. As the UN family, we are
committed to supporting the COP29 presidency and engaging with all
stakeholders to ensure that climate action not only continues to
accelerate but also continues beyond COP29," she said.
Andreyeva emphasized that the purpose of today's event is to
promote dialogue and cooperation so that governments and private
organizations can share strategies to find better solutions.
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