ESG

Global Islamic Finance Market Reaches $6.5 Trillion

As of 2026, the global Islamic finance market has reached $6.5 trillion, with expected growth of 10% this year and surpassing $10 trillion by 2030.

SOCAR Scores 50 out of 100 in S&P Global Sustainability Ranking

Azerbaijan's state oil company scored 50 out of 100 in the Corporate Sustainability Assessment, outperforming 83% of companies in its industry group.

SOCAR cuts CO2 emissions by 1 million tons, issues $200 million green bonds

In 2025, SOCAR reduced greenhouse gas emissions by 1 million tons of CO2 equivalent and issued $200 million in green bonds for renewable energy projects.

AZAL Completes Assessment of Reporting Under IFRS S1 and IFRS S2 Standards

The Asian Development Bank has completed an assessment of AZAL's sustainability and climate reporting, identifying areas for improvement.