Azerbaijan's National ESG Standards Remain At Harmonization Stage
Date
9/20/2024 8:08:47 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 20. Azerbaijan's
national standards in the field of environmental, social, and
corporate governance (ESG) are at the stage of harmonization, the
head of the secretariat of the Azerbaijan Business Environment and
International Ratings Commission Vusal Shikhaliyev said, Trend reports.
He made the statement at the presentation of the concept of a
“Unified digital platform on Environmental, Social and Corporate
Governance (ESG) standards.”
“Azerbaijan has developed national standards in the field of
environmental, social, and corporate governance (ESG). The project
aimed at approving these national standards has been developed by
the Small and Medium Business Development Agency (KOBİA) and is
currently at the approval stage. Our goal is to integrate and
synchronize international requirements with national standards in
the field of ESG,” he stressed.
To note, the concept of the "Unified Digital Platform for
Environmental, Social, and Corporate Governance (ESG) Standards"
has been developed by the Commission on Business Environment and
International Rankings of the
Republic of Azerbaijan, which was established by the Decree of the
President of the Republic of Azerbaijan in 2016, the purpose of
which is to ensure overall optimal business performance, create a
business environment that is based on competitive principles,
improve the country's investment attractiveness, and take other
necessary measures to improve Azerbaijan's position in
international rankings.
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