Sustainable Investing Principles to Enhance North Macedonia’s Corporate Sector

The American Chamber of Commerce in North Macedonia (AmCham), supported by the Center for International Private Enterprise, has launched a project aimed at strengthening the role of the country’s corporate sector in building a sustainable and resilient society. The project focuses on integrating ESG principles into business strategies and consists of two main pillars: business awareness and education. 

Under the business awareness pillar, activities will include content creation and the development of an ESG booklet. Further, a thematic ESG conference will be organized to promote understanding and share best practices among companies. 

The education pillar involves conducting a readiness assessment to evaluate companies’ knowledge and preparedness for ESG implementation. This assessment will be followed by the organization of training courses for companies. The training modules will be tailored based on the assessment results, covering topics such as stakeholder analysis, baseline assessment, and reporting requirements. 

The project activities are designed to bridge the knowledge gap, raise awareness, and assist companies in implementing ESG practices. 

AmCham aims to be a driving force in achieving an ESG and sustainable investment-compliant corporate sector in North Macedonia. The project’s specific objectives are to familiarize companies and stakeholders with the concept of ESG and to enhance companies’ knowledge and expertise in integrating it into their business strategies. This will increase visibility and understanding of ESG among relevant stakeholders and promote the development of sustainable business models.  

Project activities update:  Kearney Consulting from Slovenia has been selected to conduct the ESG Readiness Assessment Analysis of companies in North Macedonia to evaluate their knowledge, competence, and preparedness related to ESG practices.  

ESG Booklet

ESG Readiness & Maturity Assessment

FIRST ESG Conference

SECOND ESG Conference

ESG Committee Engagement

ESG Training Session

Number of interviews conducted for the e-BookletAt least 4Total of 4 interviews conducted. Published in e-booklet and media
Number of written articles for the e-BookletAt least 6Total of 7 articled written. Published in e-booklet and media
Published booklet for ESGOne bookletBooklet published on 3 languages (Macedonian, Albanian, English)
Number of ESG ConferencesTwo ESG ConferencesSecond ESG conference implemented on December 13th 2023
Number of attendees at the ConferenceUp to 80 representatives per Conference
At least, 30% of the participants are female
91 guests and participants on the Second ESG Conference

71% of participants are female
Number of media appearancesAt least 5053 in total
Number of questions and responses in the survey related to readiness assessmentUp to 70 responses63 in total
Number of conducted interviews related to readiness assessmentUp to 1014 in total
Produced Analysis One AnalysisOne Analysis published and promoted
Number workshops for ESG Training10 workshops10 workshop, divided in 2 groups
Number of participants in Training Participants from up to 20 different companies in trainingParticipants from 21 different companies
Number of female participantsAt least 30% of the participants are female66% female participants
Number of sustainable investing policy making / advocacy initiatives in which AmCham takes partAmCham participates in at
least one sustainable investing advocacy / policymaking
Position Paper: Climate Action Law

Project supported by:

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