By Aliu Akoshile, in Baku
As the UN global climate summit, COP29, gathers momentum in Baku, Azerbaijan, the country’s foremost conglomerate, Pasha Holdings, has intensified its drive for climate mitigation and resilience.
The Group, whose subsidiary companies include insurance, agriculture, real estate, and banking, says it has invested heavily in sustainable infrastructure projects aimed at mitigating climate impacts in Azerbaijan.
Jalal Gasimov, CEO of Pasha Holding, who said the “Group is committed to contributing to Azerbaijan’s climate resilience,” reiterated that “we believe that sustainable development is essential for our country’s future.”
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NatureNews notes that among the climate actions being pursued by Pasha Group is constructing energy-efficient offices and residential complexes and developing solar and wind power plants to reduce reliance on fossil fuels in Azerbaijan.
Other major climate actions of the Group, according to a statement, include introducing electric and hybrid vehicles to Baku’s public transport system, promoting climate-resilient farming practices, and launching climate awareness campaigns across the country.
NatureNews gathered from local participants at the COP29 venue that Pasha Group is renowned for its community engagement and partnerships with women and youth-led NGOs, having trained over 10,000 participants on climate awareness and created 500 new employment opportunities in sustainable sectors.
Analysists conversant with Pasha Group’s climate action in Baku says the Group’s initiatives have shown significant positive impacts in its carbon footprints, with more than 20% decrease in the Group’s greenhouse gas emissions.
Pasha Holding’s CEO, Jalal Gasimov, says the conglomerate is leading the way in all aspects of climate mitigation and resilience to demonstrate that local businesses can drive meaningful change.
