A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.

RC personal account
Восстановление пароля
Введите адрес электронной почты или телефон, указанные при регистрации. Вам будет отправлена инструкция по восстановлению пароля.
Некорректный формат электронной почты или телефона
Young People’s View on Finance and Sustainable Development
18 June 2022
14:00—15:15
KEY CONCLUSIONS
Young people are a key driving force in meeting sustainable development goals

We are not currently talking about the Russian market; we’re speaking more about the global market. A new investor has arrived on the scene – the millennial. And they are notable for having a number of specific needs and habits. They have a liking for anything digital. They are ready to look to the medium term, and believe that the entire government supports companies that are on the path to sustainable development. Conversely, they believe that companies that do not follow this path do not receive support. That means in the medium term, the cost of doing business according to sustainable development principles will be higher than costs borne by other companies. In addition, millennials believe in the idea of sustainable development, regardless of costs. They are ready to part with a rouble to support the right thing — Yuriy Korsun, Deputy Chairman, VEB.RF.

The volunteer movement is an important aspect. Of course, all other things being equal, young people have special qualities when compared to other demographic groups. They have more time, more energy, and more enthusiasm. Yes, retirees also like to volunteer, which is great. However, they have a little less strength than their grandchildren. Young people can speak to different segments of the population and help people form these habits. They can help them achieve some sustainable development at a household level. Each small step contributes to a huge leap forward — Vladimir Chistyukhin, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia).

ISSUES
A lack of basic financial literacy is hindering the development of an ESG society

The basics of financial literacy should form a high-quality and major part of a person’s education. A person who has completed school, a special secondary educational institution, or a higher educational institution should have undergone a fully-fledged course in financial literacy. That way, everyone would know precisely what is meant by a deposit, an investment in a unit trust, life insurance, shares, and bonds. These are the basic tools which any unqualified investor should understand — Vladimir Chistyukhin, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia).

When we talk about sustainable development, it all looks very inspiring. However, when start work on it, it turns out that it is not the fun and games which everyone thinks it is. So, from the point of literacy, the ability to properly focus on the basis of a company’s green finances and sustainable processes really does represent a very important dialogue. And this is not so much a dialogue between generations, but between business and society, and even more so between a company and young people — Polina Lion, Director of the Department of Sustainable Development of the State Corporation "Rosatom".

It is important to have a high-quality education. You know, not having a high-quality education should be shameful. And it doesn’t necessarily have to be a higher education. I have great respect for special technical education, for locksmiths, mill operators, and other blue-collar professions. What’s important is being a true professional in your field — Vladimir Chistyukhin, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia).

SOLUTIONS
Skills compatible with sustainable development goals should be taught at an early stage

The day-to-day habits which could lead to accomplishing sustainable development goals need to be instilled at a very young age – perhaps even at nursery school. In addition, an active lifestyle and good diet are important to sustainable development. Obviously, a healthy body means a healthy mind. You cannot solve major problems and expose yourself to a lot of stress without having an outlet through physical activity. Basically, for most of your life, you need to be in relatively healthy shape — Vladimir Chistyukhin, First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia).

Through dialogue, development banks and corporations can help guide young people as they endeavour to achieve sustainable development goals

We are placing a great deal of emphasis on the young workforce. Even in the group where I work, we have an employee who is a professor at two universities. Every year, he delivers one or two exceedingly high-quality graduates to me. And they develop fairly quickly within the company. So, we can say that we know what young talent is, and we love it very much — Yuriy Korsun, Deputy Chairman, VEB.RF.

When planning something, when submitting an application to establish something, to develop a new business, we have a mandatory requirement. When protecting a business, we immediately ask them to show their ESG credentials, to demonstrate what environmental impact this business will have, and where its social responsibility lies. Today, a company’s green credentials are fundamental as far as young people are concerned. When drafting an international policy, it’s vital to immediately think about environmental factors. Young people know off the bat that this is not extra work, but needs to simply be part of the business — Polina Lion, Director of the Department of Sustainable Development of the State Corporation "Rosatom".

Development banks are the organizations which support sustainable development. When society or the government makes a request, the bank acts as a government agent of sorts. Banks try to play a role in everything that goes on in this market — Yuriy Korsun, Deputy Chairman, VEB.RF.