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Akbar Novruz

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A conference was held in Baku to introduce a unified platform and national standards for environmental, social, and corporate governance (ESG), organized by the Commission for Business Environment and International Ratings and the Small and Medium Business Development Agency (SMBDA), with support from IBA and Azercell Telecom LLC, Azernews reports.

Vusal Shikhaliyev, head of the presidential administration’s sector, opened the event, emphasizing that the acceleration of sustainable development is central to state policy. He stated, "The creation of a sustainable ecosystem remains a priority within our national agenda."

The conference highlighted that Azerbaijan plans to further expand ESG principles, with targeted state-level measures anticipated to promote responsible business practices. Key attendees included Sadiq Gurbanov, Chairman of the Milli Mejlis Natural Resources, Energy, and Ecology Committee; Orkhan Mammadov, Chairman of the Central Committee of the Republic of Azerbaijan; Vladanka Andreeva, UN Resident Coordinator; and deputy ministers from the Ministries of Ecology and Natural Resources and Labor and Social Protection.