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Tender description :
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Expression of Interest:in Its Nationally Determined Contributions (ndc) to the Paris Agreement, Uzbekistan Reiterates Itself as One of the Countries Most Vulnerable to Climate Change. Without Additional Measures to Respond to Climate Change, the Country May Face Water Scarcity, Increased Desertification and Land Degradation, Increased Droughts, and Other Hazards, Resulting in Widespread Socioeconomic Adversities. It is Widely Recognized That the Path to Overcoming Challenges Begins with Understanding the Challenge Itself. in Such Circumstances, Monitoring and Reporting Become a Crucial First Step. Unfortunately, Esg and Sustainability Reporting Remain Nascent in the Country, and Without Widespread Disclosure, the Esg, Sustainability, and Climate Change Risks Are Likely to Remain Obscure. on the Other Hand, the Adoption of Sustainability Disclosures By Companies is Likely to Create Awareness of Esg and Climate Change Risks and Further Lead to the Development and Implementation of Green Projects and Support the Transition to a Green Economy. Vide Presidential Decree (pq-4611), Joint-stock Companies, Commercial Banks, Insurance Organizations, and Legal Entities Classified as Large Taxpayers and Business Entities with a State Share and State- Owned Enterprises Approved By the State Assets Management Agency Are Required to Prepare Financial Statements Applying Ifrs Standards. Incidentally, Ifrs Has Also Released the Sustainability and Climate Risk Disclosure Standards (s1 and S2), and Hence, the Adoption of These Standards in Tandem with the Accounting Standards Can Help in Upscaling Sustainability Reporting in Uzbekistan. the Aim is to Support the Adoption of Ifrs S1 and S2 Reporting Amongst the Companies Mandated to Adopt Ifrs Accounting Standards for Financial Disclosure.
key Areas of Support
consulting Services Budget:consulting Services Budget
usd
32,300
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