On October 13, 2022, the Azerbaijan-France Chamber of Commerce and Industry (AFchamber) “Environmental, Social, Corporate Governance” (ESG) working committee was inaugurated.

On October 13, 2022, the Azerbaijan-France Chamber of Commerce and Industry (AFchamber) “Environmental, Social, Corporate Governance” (ESG) working committee was inaugurated.

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On October 13, 2022, the Azerbaijan-France Chamber of Commerce and Industry (AFchamber) “Environmental, Social, Corporate Governance” (ESG) working committee was inaugurated.

Anar Karimov, Deputy Minister of Labor and Social Protection of the Republic of Azerbaijan, Vusal Shikhaliyev, Head of Economic Reforms Monitoring, Coordination and Evaluation Sector of the Department of Economic Policy and Industrial Affairs of the Administration of the President of the Republic of Azerbaijan, and Faig Mutallimov, Head of the Environmental Policy Department, spoke as guest speakers at the event. Private sector representatives and representatives of member companies participated in the event.

The main purpose of the event was to introduce representatives of the public and private sectors to the AFchamber “Environmental, Social, Corporate Governance” working committee, talk about the future plans of the committee, and especially attract more attention to the “Environmental, Social, Corporate Governance” (ESG) topic.

The event started with the opening speech of Zibar Huseynova, Managing Director of AFchamber.

Later, the Chairman of the Committee, Ilaha Amirbeyova, gave information about the “Environmental, Social, Corporate Governance” (ESG) working committee, and highlighted that the purpose of the Committee is to share best practices with various companies, raise awareness, discuss problems and opportunities, develop and implement strategies and projects to solve existing problems.

The event was moderated by the deputy chairman of the committee Madina Mammadova.

During his speech, Anar Karimov gave extensive information about the protection of employee rights related to the social criteria of ESG principles and the formation of statutes, mechanisms, and policies that provide for the protection of fair wages, diversity, and inclusiveness in the workplace, and social reforms.

Vusal Shikhaliyev said in his speech that Azerbaijan has already integrated ESG factors into its national policies so that both “Azerbaijan 2030: National Priorities for socio-economic development” and “Socio-Economic Development of the Republic of Azerbaijan for 2022-2026 Strategy” integrates all three aspects of ESG.

The event continued with a Q&A session and lively discussion.

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