Baku, Azerbaijan, 14 November 2024 – The State Oil Fund of the Republic of Azerbaijan (SOFAZ) hosted an impactful event within COP29, focused on the integration of ESG (Environmental, Social, and Governance) principles within its investment portfolio. Held in the Blue Zone on November 14, this session highlighted SOFAZ's steadfast commitment to sustainability, responsible investment, and the creation of long-term value for future generations.

Opening the event, Bahruz Bahramov, Deputy CEO of SOFAZ, delivered welcome remarks that set the stage for a thoughtful exchange on strategically embedding ESG criteria in SOFAZ’s investment decision-making processes. In his speech he highlighted the Fund’s role as a long-term investor with a responsibility to future generations, reiterating SOFAZ's dedication to fostering resilience and stability through responsible investment practices.

The session featured keynote presentations by Nigar Azizova, Senior Investment Analyst and Ali Huseynov, Risk Analyst - both Sustainability Officers at SOFAZ. They outlined SOFAZ’s approach to integrating ESG considerations, aligning investments with sustainability goals, addressing critical challenges such as climate change and social inequality, and identifying pathways for sustainable growth.

Through this event, SOFAZ reaffirmed its commitment to embedding ESG principles at the center of its investment strategy, reinforcing its role in shaping a responsible, sustainable, and economically sound future.