Russian companies are applying sustainable development practices increasingly often
Today, the ESG factor [encompassing environmental, social, and governance factors as principles of sustainable development, – Ed.] comes out top in Russian companies. More and more, it is viewed not as some fashionable agenda, but a genuine issue for the management team — Alexander Shevelyov, Chief Executive Officer, Severstal Management .
For Russia, the ‘E’ [environmental aspect, – Ed.] is the most complicated issue. We have taken the example of Sibur and introduced waste sorting, for example. We are also making every effort to follow trends, and this year are planning to institute a sector for green bonds and sustainable development — Anna Vasilenko, Managing Director for Key Clients and Issuer Relations, Moscow Exchange.
Our production facilities are an important aspect. They focus on safety, minimizing losses that we incur, and transitioning to other technologies in resource use and reducing emissions of pollutants as much as possible — Dmitry Konov, Head of the Administration of the Gusevsky City District Municipal Structure.
Last year, we spent RUB 8 billion just on environmental measures. These included improving the environment around our facilities and implementing high-tech innovations which allowed us to increase production by almost 50% without increasing emissions — Evgeniy Novitskiy, First Deputy General Director, PhosAgro.