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Independent Directors Association ESG Committee and St. Petersburg International Mercantile Exchange hold a seminar on Incorporation of ESG Criteria in Company Strategy

Sep 07, 2021

The seminar on Incorporation of ESG Criteria in Company Strategy organized by the Independent Directors Association ESG Committee in partnership with the St. Petersburg International Mercantile Exchange was held on 7 September 2021 in the format of a video conference.

The central topic discussed at the event was the issue of ESG and sustainable development within strategies of major Russian companies (ESG transformation approaches, objectives and priorities).

The speakers at the event were Aleksei Rybnikov, CEO, Chairman of the Management Board, SPIMEX; Elena Dubovitskaya, Corporate Governance and Sustainability Leader at PwC; Irina Bokova, Member of the Board of Directors, PhosAgro Group, and Independent Director; Regina von Flemming, Deputy Chairperson of the Board of Directors, MTS, and Independent Director; Jyrki Talvitie, Independent Director at public companies, former Senior Advisor on Sustainability, Member of the Management Board at Magnit; Irina Bakhtina, Director for Sustainable Development, RUSAL; and Natalia Podolskaya, Corporate Secretary, LUKOIL.

Sberbank was represented by Nadya Wells, Member of the Supervisory Board of Sberbank, Independent Director and Officer in Charge of ESG and Sustainable Development. She talked about the ESG strategy and ESG management at Sberbank, as well as activities of the Supervisory Board with regard to ESG and sustainable development.

Nadya Wells focused in her presentation on the ESG Policy of Sberbank, the first document in Russia in this format, which sets out the goals, principles, lines of work, and objectives of Sberbank in the field of ESG and sustainable development and describes Sberbank's contribution to the UN Sustainable Development Goals.

She spoke in detail about the key principles and activities of Sberbank in the field of ESG and sustainable development and emphasized the goal of Sberbank in this area to become a leader of systemic change in ESG at the national and international levels, in order to foster economic prosperity, beneficial both for society and the environment, based on the interest, cooperation and creativity of employees, customers, investors, shareholders, partners and the state.