PJSC Sberbank : Sber, Far East and Arctic Development Corporation and Sakhalin Region Government to join hands in decarbonization

Sber, Far East and Arctic Development Corporation (AO KRDV), and the Government of Sakhalin Region have signed a cooperation agreement during the Eastern Economic Forum. First Deputy Chairman of the Sberbank Executive Board Alexander Vedyakhin, Deputy CEO of KRDV Nikolay Zapryagayev, and Sakhalin Region Governor Valery Limarenko signed the document.

The subject of the agreement is putting in place special regulation to adopt technologies geared toward reducing greenhouse gas emissions, working out the methodology to create a verification system, accounting for emissions and absorption of greenhouse gases. The agreement is also aimed at achieving carbon neutrality for Sakhalin Region by the end of 2025, creating infrastructure for climate projects and projects for the circulation of carbon units.

Decarbonization is a focal issue in the ESG agenda of Sber, Russia and the entire global community. We do understand that achieving carbon neutrality is impossible without creating a clear accounting system for emissions, mechanisms for absorbing greenhouse gases and infrastructure for climate projects. Therefore, we are launching a pilot project of international importance on Sakhalin. Its implementation will largely determine how successful our country is in its green transformation designed to stop global warming or at least slow it down. I am very glad that we have reached full understanding with the Far East and Arctic Development Corporation and with the Government of Sakhalin Region on this issue, and I am confident that together we will be able to create an effective system that can later be scaled across other parts of Russia.

Alexander Vedyakhin

First Deputy Chairman of the Executive Board, Sberbank