On November 27, Chapter Zero Uzbekistan, an initiative aimed at integrating Environmental, Social, and Governance (ESG) principles into corporate governance, hosted its first event focusing on ESG integration into Investor Relations (IR). Zamira Ataniyazova, Chapter Zero Uzbekistan's steering committee chair and a Senior Lecturer at WIUT University, spearheaded the event, highlighting the initiative's goals and achievements since its launch on July 3.
Chapter Zero Uzbekistan, which operates as a platform rather than a separate organization, seeks to bring together members, companies, and government entities to champion the green agenda.
"Our initiative was conceived through discussions with Westminster, EBRD, Deloitte, and the support of The Climate Investment Funds (CIF), aiming to assist Board Directors and Non-Executive Directors in advancing the green agenda in Uzbekistan," Ataniyazova said.
Ataniyazova noted the importance of active participation and feedback from companies and individuals in Uzbekistan, where the green agenda is still developing. The initiative aims to understand and address the challenges faced by businesses in adopting sustainable practices.
Ataniyazova emphasized that Chapter Zero's goal "is to understand your challenges and assist in overcoming them to initiate this movement." And that the core mission of the Chapter is to promote the implementation of the World Economic Forum’s Principles for Effective Climate Governance in line with the Climate Governance Initiative (CGI) Charter.
As the 26th chapter of the global Climate Governance Initiative, Chapter Zero Uzbekistan focuses on individuals in middle to top management and independent directors, recognizing their pivotal role in decision-making. The membership, currently offered for free, can be applied for through the initiative's website.
"We focus on individuals, particularly those in middle to top management or independent directors, as they are key decision-makers in companies."
Chapter Zero Uzbekistan provides more than local insights; it connects members to a global network of experts. The initiative has already hosted several events, including one tailored for the financial sector, providing practical tools for establishing ESG committees. These sessions are recorded and made accessible on YouTube, offering comprehensive guides. Discussions on the new green taxonomy in Uzbekistan and the development of a Handbook on corporate governance in collaboration with the EBRD are also part of its endeavors.
With its commitment to sustainable corporate governance, Chapter Zero Uzbekistan positions itself not only as a local force but as a key player in a global movement towards responsible and ethical business practices.