By Sadig Javadov

Copyright trend

BAKU, Azerbaijan, September 29. Decarbonization
is not only a task for governments; it stems from the daily
activities of every enterprise, and companies need a clear
framework and direction, the head of climate change and
sustainability services in Central Asia at EY, Victor Kovalenko
said, Trend

He made the announcement at Climate Action Week in Baku.

Kovalenko noted that when companies see that climate change
poses specific risks to their operations, this issue becomes part
of risk management:

“Risk management is a concept that every business understands.
When climate change has a real financial impact, costs, risks, and
opportunities, companies start to take action. Because then it’s
not just about the environment, but also about money,
competitiveness, and long-term sustainability,” he emphasized.

According to Kovalenko, climate change should be treated as an
environmental and economic priority: “The risks are real, and the
opportunities are real. When governments and businesses work
together, we can manage these risks and build a cleaner, more
sustainable, and more profitable economy at the same time.”