A meeting was held at ASCO with representatives of the European Bank for Reconstruction and Development (EBRD) and Ernst & Young (EY), the consultancy firm providing advisory services for the Climate-related Corporate Governance system (CCG) project.

During the meeting, the results of the assessment conducted within the project framework, the potential impact of climate-related requirements on ASCO’s operations, as well as climate risks and opportunities, were discussed. Additionally, detailed information was provided on climate-related governance measures and the roadmap for sustainable financing.

As part of the CCG project, the EBRD will support ASCO in developing corporate climate governance action plans and aligning the company’s operations with the goals of the Paris Agreement. The project also envisions the development of a Sustainability-Linked Financing Framework (SLFF), which will enable ASCO to secure sustainability-linked loans (SLL) and issue sustainability-linked bonds (SLB). 

“Caspian Energy Media” reports with reference to the “Azerbaijan Caspian Shipping”.