Sber holds series of ESG risk summits across industries

Jul 28, 2021

Sberbank has held a series of ESG risk summits – a total of six in metals, power, coal, oil & gas, and chemical industry, and one in agriculture – for employees, corporate clients, public officers, and rating agencies. These were preceded by an introductory summit, which gathered people from Sber, the Central Bank of Russia, and the scientific community.

The demand for ESG compliance seen among people and governments is changing the way business is done in many industries. ESG principles suggest that companies care about the environment and help reduce greenhouse gas emissions. Companies that analyze their ESG risks and opportunities become more competitive: it is easier for them to obtain bank financing and export their products. Sberbank supports companies by considering their transformation efforts when making lending decisions for projects.

Summit participants addressed these issues and discussed the issues of adaptation to a new reality and effective management of ESG risks. Here are some of the summit speakers: Governor of Kemerovo Region Sergey Tsivilev, Governor of Lipetsk Region Igor Artamonov, Governor of Voronezh Region Alexander Gusev, the State Secretary and Deputy Minister of Agriculture of the Russian Federation Ivan Lebedev, and Director of the Bank of Russia’s Financial Stability Department Elizaveta Danilova.

As a company striving to lead ESG nationally and internationally, in its operations not only Sber independently adopts and uses the principles of sustainable development and the creation of a prosperous economy that is effective for society and the environment, but it is also ready to share its experience with stakeholders — investors, partners, government, clients.

We are absolutely convinced that each company should be held accountable for its impact on the planet at large and also strive to ensure that its operations contribute to the prosperity of all participants without exception. The exchange of ESG practices will contribute to the early implementation of ESG principles in Russia, which will undoubtedly have the most positive impact on both businesses and the well-being of citizens. I believe that such ESG risk summits should be organized regularly.

Dzhangir Dzhangirov

Senior Vice President, CRO, Sberbank