Georgia: Deputy Minister of Environment and Agriculture Solomon Pavliashvili opened the meeting of the Coordination Council dedicated to environmental, social, and governance (ESG) requirements with a welcome speech.
Solomon Pavliashvili thanked the Swedish government and the UN Development Program for supporting the project.
“Remember, sustainable resource management is one of the government’s priority directions. Environmental, social, and administrative indicators are a component of the circular economy, which serves to promote green economic growth in the country, achieve the goals of sustainable development, and thereby fulfill the obligations under the Association Treaty with the European Union”,- said Solomon Pavliashvili.
Environmental, Social, and Governance (ESG) requirements mean taking into account environmental, social, and corporate governance issues when making investments. According to the concept, for sustainable development, in all spheres of economic activity, it is important to implement ESG indicators.
The meeting, which was attended by representatives of relevant state institutions and stakeholders involved in Georgia’s transition to a circular economy and green growth process, was led by international experts in circular economy, environmental protection, social, governance, and sustainable finance.
It should be noted that to share basic knowledge with the representatives of the target group, five thematic meetings are planned, in close cooperation with the Ministry of Environment and Agriculture, with the financial support of the Swedish Government, under the project “Governance Reform Fund” (GRF) subproject “Transition to Circular Economy of the Government of Georgia Support to strengthen governance and politics within the framework of Georgia’s nature The union of researchers is implemented by “Orkisi”.
ESG Requirements
Environmental, social, and governance, is a set of considerations, including environmental issues, social issues, and governance that can be considered in investing. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing.
