The international business publication Kursiv Uzbekistan organized the first ESG forum “From Price to Value. Transformation of the Economy for Sustainable Development”, in Tashkent.

The acronym ESG stands for “ecology, social policy, and corporate governance”. In a broad sense, this is the sustainable development of commercial activities, which is based on the following principles:

responsible attitude towards the environment;

high social responsibility;

high quality of corporate governance.

The first forum discussion, “Cleanliness in Everything: Environmental Friendliness as a Tool for Business Development”, was devoted to the impact of the environmental agenda on business activity and company investment attractiveness.

The discussion was attended by the Director of the National Center for Green Transformation and Adaptation to Climate Change, Advisor to the Minister of Ecology, Environmental Protection and Climate Change of Uzbekistan Suna Park, Country Head of ACWA Power in Uzbekistan Jon Zaidi, Head of the UzGidro Transformation Implementation Office Pakhlavon Nurmatov, Director of ESG Consulting at the Central Asian Institute of Environmental Research (CAIER) Aigerim Ospanova and Deputy Director of Huawei Uzbekistan Suli Gairat.

The second session, “Where to Expect Money: The Role of International Development Institutions in Advancing the Sustainable Agenda”, was sponsored by ACWA Power and focused on the activities of ESG development institutions.

Participants in the third business platform, “The Impact of ESG Practices on the Decision-Making Process”, discussed global corporate tools for sustainable development. The final session was dedicated to interacting with the media when promoting ESG principles. The discussion was organized jointly with the PR community of Uzbekistan ProTalks.

“Uzbekistan has everything to become a regional leader in ESG. The country is already doing an excellent job of attracting investment. The introduction of ESG principles will strengthen this process”, summed up the editor-in-chief of Kursiv Uzbekistan, Anastasia Novikova.

UzA