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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, 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, and 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 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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OECD Standards on Responsible Conduct for Development Institutions
8 June 2019
10:00—11:30
Today development institutions play a significant role in the global economy and international development. Projects of development institutions are exposed to traditional financial risks and non-financial risks associated with social, environmental aspects. Meanwhile, projects with embedded standards of responsible business conduct (RBC) are less likely to bring «surprises» for the investor. Responsible project financing is not only a factor in reducing costs but also a factor of investment attractiveness. The investment portfolio where there are demands for responsible behavior shows a return of 16.8% higher than the average global fund returns (MSCI World Index). At the session, the participants will discuss the current approach of different development institutions to RBC standards and possible ways to harmonize it and make it more efficient.
Objectives of the event:
1. To determine the effectiveness of responsible business conduct standards for VEB and other development institutions. How they make an impact on the sustainability of projects, investment attraction, export.
2. How can development institutions work together on RBC standards development?
Date
08.06.2019
Forum
SPIEF
Started at
10:00—11:30
Conference hall
Astoria Hotel, 39, Bolshaya Morskaya Ulitsa
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