Muganbank OJSC is has joined the United Nations Global Compact initiative


On 12th April 2022 "Muganbank" OJSC is pleased to announce that we have joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

Muganbank is proud to join thousands of other companies globally and especially in the Banking sector committed to taking responsible business action to create the world we all want.

The UN Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment, and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks.

“In line with our commitment to Global Development Goals and Azerbaijan’s state priorities on sustainable development, Muganbank is proud to continue and improve its responsible business practices. The Social and Environmental Policy adopted by the Bank in 2011 that speaks to the expectations of the European Bank for Reconstruction and Development, is of clear indicators of importance that our management and Muganbank in general attached to sustainability and social responsibility. As a participant of the UN Global Compact, we encourage Azerbaijani business leaders to join this global initiative to play their critical global role.” - noted Mr. Elnur Abbasov, Chairman of the Board.

“Thousands of leading enterprises from various industries join the UN Global Compact to play their critical role in achieving a better global future by committing and improving their practices and policies. We are very excited to welcome Muganbank to our family of global business leadership and I invite you to visit Muganbank [link to UNGC company profile page] profile on the UN Global Compact website to follow their upcoming work on corporate sustainability in Azerbaijan.” said Mr. Samir Mammadov, Country Manager for the United Nations Global Compact in Azerbaijan.