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UN Global Compact Russia

Previews

ESG-INVESTMENT IN RUSSIA. TOWARDS A GREEN ECONOMY

464
Lotte Hotel Moscow
Add to calendar 25-11-2021 00:00 01-01-1970 03:00 Europe/Moscow ESG-INVESTMENT IN RUSSIA. TOWARDS A GREEN ECONOMY Vedomosti, with the support of the UNGC Local Network, will gather experts and companies interested in promoting and implementing the ESG agenda to discuss how effective the regulatory policy has become, what obstacles they had to face “in the field” and what else needs to be improved, whether the financial market is ready for the wave of transformation or not and what economic effect should be expected for all interested parties. Lotte Hotel Moscow
The world has changed, and we must change with it. In 2021, the sustainable development agenda no longer seems to be recommendations for a prosperous future, but becomes an applied tool of the government, business and civil society to gain social, environmental and economic peaks for all stakeholders.

To date, we have already passed the point where the message of the regulator and public opinion synchronized and acted as a driving force for the approval of ESG * principles of the companies' activities. Corporate social responsibility and the charitable focus of business, which accumulate social and environmental projects to varying degrees over the past decades, are embedded in the ESG* concept embracing a systemic approach and ultimate goal for the implementation of the SDGs for the benefit of life on the planet. Fundamentally, the transformation affected the economic map of the world and has already made adjustments to domestic discourse. The investment attractiveness of business and the economic performance are irrevocably formed by a commitment to the sustainable development agenda. Most often, foreign investors will not even begin a serious dialogue without confirming the company's focus on achieving ESG * indicators, since such cooperation can in the future end up in economic and reputational risks for them. Not the least role is played by regulatory policy, imposing obligations, the non-fulfillment of which threatens with financial costs.

The new state of the economy in general and the investment and financial system in particular under the influence of ESG* transformation requires strengthening of regulatory policy in this area. This year we have already approved the goals for and main directions of sustainable (including green) development of the Russian Federation, the National Green Methodology, the working Sustainability Sector on the Moscow Exchange (which embraces both environmental and social focus), the Paris Climate Agreement, etc. Such documents and initiatives regulate the economic discourse, creating a convenient and transparent platform for implementing socially responsible investment practices: new tactics, financial products and services are being formed – from project and export financing to corporate loans, private investment and institutional investor activities aimed at more attractive responsible and green models.

It is also important to take into account the role of independent evaluation, the tools of which are verification, ratings, rankings and certification. The use of these tools by companies sends the right signal to investors and the market, which also directly affects the ESG* performance and further decision-making.

The Vedomosti communication platform will bring together top managers of large domestic companies and financial and credit institutions, leading green agenda experts, independent analysts interested in advancing and implementing the ESG* agenda to discuss how effective the regulatory policy has become, what barriers have had to be encountered "in the field," what else needs to be refined, whether the financial market is ready for the wave of transformation, and what economic effect all interested parties should expect.

* ESG – Environmental, Social, & Governance.

Audience
Representatives of relevant government agencies, financial and credit organizations, investment funds and corporations, senior management of the business community, associations and NGOs, leading analysts, consultants and experts, representatives of industry and business media.

Event schedule

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