Press Release

UN, Azerbaijan sign Memorandum of Understanding to promote corporate responsibility and resilient businesses

22 October 2021

  • The UN Office in Azerbaijan has signed today a Memorandum of Understanding (MoU) with the Entrepreneurship Development Fund and the Small and Medium Business Development Agency to promote corporate sustainability through the  UN Global Compact.

Vladanka Andreeva, UN Resident Coordinator in Azerbaijan, Orkhan Mammadov, Chairperson of the Small and Medium Business Development Agency Board, and Osman Khaliyev, Acting Chairperson of the Entrepreneurship Development Fund Board signed the document.

The MoU aims to strengthen relations between society, business, and the state to achieve the five national  socio-economic development priorities aligned with national Sustainable Development Goals targets; to  build resilient business models while recovering from the COVID-19 pandemic; and to prepare local businesses to enter international markets and improve their competitiveness.

The signatories will also undertake joint measures to integrate the ten principles of the UN Global compact on labour, human rights, environment and anti-corruption into the financial instruments and processes of the Entrepreneurship Development Fund and the Small and Medium Business Development Agency.

The UN Global Compact is the largest corporate sustainability initiative in the world with more than 12,000 business and 3,000 non-business stakeholders across 160 countries. It is a call to companies to align their strategy and operations with the ten universally accepted principles and contribute to the UN 2030 Agenda on sustainable development. The principles derive from major international documents such as the Universal Declaration on Human Rights, Declaration on Fundamental Principles and Rights at Work by the International Labour Organization, the Rio Declaration on Environment and Development, and the UN Convention against Corruption.

UN, Azerbaijan sign Memorandum of Understanding to promote corporate responsibility and resilient businesses

Rashad Huseynov

Rashad Huseynov

UNIC
Director
Mr Huseynov has over 20 years of experience in the field of media, communications and political affairs. He joined the UN since August of 2017 as a National Information Officer. Prior to this, Mr Huseynov worked as a Media Officer at the OSCE Secretariat in Vienna; Public Information Officer at the OSCE Office in Baku; Director of Press Department at the Embassy of Israel in Azerbaijan; as well as anchor, editor and reporter in various national media outlets. He holds a PhD in Political Science.

UN entities involved in this initiative

RCO
United Nations Resident Coordinator Office

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