A memorandum between CIDA/Global Compact Network Georgia and National Forestry Agency was signed.
The mutual agreement aims to promote and popularize Environmental, Social and Governance (ESG) principles in Georgia. Within the partnership, an internal policy document on ESG will be created, which will be in accordance with internationally recognized standards. To develop the document, CiDA will prepare an agency performance evaluation report which will detail the challenges, opportunities and necessities in the field of ESGs in Georgia; CIDA/GCNG will also determine the means of communication with stakeholders interested in the ESG policy, including organizing informational meetings.
The National Forestry Agency, on the other hand, will arrange the involvement of its employees and interested stakeholders in the development of the policy document and will work to raise awareness on ESG principles among internal and external actors. The agency will also encourage its partner companies and organizations to join the UN Global Compact.
The activities planned under the partnership will contribute to the implementation of the Sustainable Development Agenda in Georgia.