Central Bank of Azerbaijan implements green financial taxonomy with ESG criteria ahead of COP29.

The Central Bank of Azerbaijan is set to introduce a "green financial taxonomy" ahead of the COP29 climate conference. This initiative aims to align Azerbaijani financial institutions with global sustainability standards, emphasizing the integration of Environmental, Social, and Governance (ESG) criteria in banking strategies. Chairman Taleh Kazimov highlighted the need for financial stability amid climate risks and the importance of supporting the financial sector during the green transition.

October 03, 2024
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