Azerbaijan creating unified Environmental, Social and Governance platform

Representative of PwC Azerbaijan company Leyla Sadikhova has said that a unified Environmental, Social, and Governance (ESG) platform is being developed in Azerbaijan.

Sadikhova made these remarks during a workshop focused on "Understanding and Analyzing ESG Reports" in Baku, Caliber.Az reports. 

She noted that the platform is set to be unveiled before the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), which will be held in Baku this November.

"The primary goal of the platform is to create a single hub where individuals with shared interests can communicate," she added.  

PricewaterhouseCoopers (PwC) Azerbaijan, founded in 1995, is among the first international professional services firms in the country. Over its 28 years of operation, the firm has made considerable investments in the local economy and community, a commitment it plans to uphold.

Starting with just 10 employees, PwC Azerbaijan has grown to a team of over 155, including a distinguished group of international experts from six different countries. The firm provides services to businesses, government entities, and public organizations, leveraging 150 years of global expertise, advanced knowledge, and practical experience from PwC's international network.

The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) will be held in Azerbaijan this November. This decision was made at the COP28 plenary session in Dubai on December 11, 2023. During two weeks, Baku will become a global hub, welcoming around 70,000 to 80,000 international guests. 

The United Nations Framework Convention on Climate Change (UNFCCC) is an agreement signed at the Earth Summit in Rio de Janeiro in June 1992, aimed at preventing dangerous human interference with the climate system. 

The abbreviation COP means "Conference of the Parties" and refers to the highest decision-making body responsible for overseeing the implementation of the UNFCCC. The Convention has 198 member states.

Unless otherwise decided by the parties, the COP is held annually. The first COP event was held in Berlin in March 1995, and its secretariat is based in Bonn.

By Naila Huseynova