It deliberates on a very special environmental, social, and governance (ESG) framework, particularly meant for the country that takes into consideration its peculiar economic and environmental conditions. The object of the project is to develop a country strategy for sustainable development, going from generic ESG models to focus on specific regional challenges and opportunities. This framework designs a methodology for a detailed risk assessment and managing the risk effectively by focusing specifically on Azerbaijan's governance issues within the country's corporate sector. This research will provide a critical review of the current ESG landscape, with strong policy recommendations and a practical step-by-step implementation roadmap. The intention is to make a smooth runway to understand and implement ESG practices, which are theoretically sound as well as practically viable in the context of Azerbaijan. The framework aims to ensure increased economic stability, social welfare, and environmental conservation through the intensification of locally relevant solutions that make a big contribution toward the larger objectives of the nation, which are sustainable and equitable growth.

DOI:10.30546/2790-2196.1.10.2024.053.