Source: AccessBank.
Baku, December 4 – AccessBank today announced that it has joined the United Nations Global Compact which is being launched in Azerbaijan by the United Nations Development Fund (UNDF), Azerbaijan Export & Investment Promotion Foundation (AZPROMO), and the Eurasia Partnership Foundation.
In joining the UN’s Global Compact, AccessBank commits to applying ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption. As one of the first companies joining the Global Compact in Azerbaijan AccessBank is participating and supporting the launch of the Global Compact in Azerbaijan.
Adherence to high ethical standards has been a core element of AccessBank’s corporate identity since its inception and Corporate Social Responsibility permeates all aspects of our work – starting with the treatment of our staff, extending to our transparent relations with our clients and including our responsibilities to the local communities in which we work. Recent examples of AccessBank projects for the benefit of local communities include our sponsorship of the Yaradan youth arts-center and the organization of work-skills training for disabled. On 20th December AccessBank will be hosting blood-donor clinics in four of its Baku branches to collect blood for children suffering from blood diseases.
General Manager Andrew Pospielovsky said “Supporting and promoting high ethical standards in the conduct of business, has been at the core of all our work since our inception. By participating in the launch in Azerbaijan of the Global Compact and its commitment to transparency, preserving the environment, and respecting the rights of employees and customers, we hope to encourage other companies to make the same commitment. At AccessBank we strive to play a leading role not only in the development of the economy, but also in the development of an ethical business culture.”
AccessBank is 100 percent foreign owned by six shareholders, consisting of: the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the Black Sea Trade and Development Bank, KfW – the Development Bank of the German Government (20 percent share each), AccessHolding – a strategic investor in microfinance (16.5 percent), and LFS Financial Systems GmbH – a German consulting company (3.5 percent).
Similar Posts:
- MICROCAPITAL BRIEF: Enabling Qapital Loans $10m to AccessBank for Microfinance, SME Lending in Azerbaijan
- MICROFINANCE PAPER WRAP-UP: “Financing the Blue Economy;” by Michael Adams et al; Published by Asian Development Bank, UNDP, UNEP
- MICROFINANCE EVENT: Grow to Zero Conference; June 26-27, 2023; London, UK
- MICROCAPITAL BRIEF: JuST Institute Opens Doors, Promoting Inclusive Finance for Biodiversity, Climate Adaptation
- MICROFINANCE EVENT: Social Enterprise Conference; October 27, 2023; New York City, USA
