As stated by the IFC, the objective of the Project is to support Petromaruz, a leading group in the cotton and textile sector of Uzbekistan, in identifying specific measures and could support the company with good international environmental, social and corporate governance practices. IFC will carry out a diagnostic of governance for sustainability practices to provide recommendations for improvement of corporate governance, labor standards and farmers livelihood practices.
More specifically, the proposed project aims to: (i) contribute to addressing key social risk bottlenecks and help to prepare a replicable model for successfully managing labor-related issues, past land resettlement as well as livelihood restoration consistent with the IFC Performance Standards (PS 2 and PS 5) requirements; and (ii) contribute to the improvement of corporate governance system by analyzing areas such as the board of directors, management oversight, control environment, decision-making authorities, disclosure practices, shareholders, stakeholder practices and other aspects in accordance with IFC Corporate Governance Methodology.
As stated by the IFC, Petromaruz is "a leading group in the cotton and textile sector of Uzbekistan".
The group is also active in the food (including livestock), mining, and petrochemical sectors.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Petromaruz||Client||Industry and Trade|
No project contacts available at the time of disclosure.
Client - Petromaruz:
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