PJSC Sberbank : Sber announces the results of a meeting of National ESG Alliance founders

The first official meeting of the founders of the National ESG Alliance is over. At the meeting, the founders discussed several organizational and legal issues and signed documents to register the organization officially.

The entity managing the operations of the alliance will be established as an autonomous non-profit organization. The meeting adopted the legal name of the alliance: "The National Alliance Facilitating Social and Environmental Responsibility, Corporate Governance and Sustainable Development" (the short name is ANO Alliance for Sustainable Development Issues, or ESG Alliance in English).

The meeting approved the charter of the organization, the structure of its governing bodies, and appointed the Supervisory Board of 28 people as the main governing body of the alliance. Representatives from each of the parent companies were elected as board members: JSFC Sistema, Metalloinvest, Prosveshcheniye, SIBUR Holding, URALCHEM, Uralkali, Polyus, Mercury Retail Holding, EN+ Group, RUSAL, ERG SALES, EuroChem, X5 Group, R-Pharm, Vos'hod, Avtoban, Kolmar Group, Solar Systems, T Plus, TMH, Delo, SUEK, M.Video-Eldorado Group, Russian Copper Company, Sberbank, O1 Properties, Pharmstandard, and Gazprom Neft.

First Deputy Chairman of the Sberbank Executive Board Alexander Vedyakhin was voted in a Supervisory Board member representing Sber.

The founders also approved the candidacy of the CEO of the alliance, appointing A. Sharonov, who was head of the Moscow School of Management Skolkovo for several years.

The partnership was identified as open, with other companies free to join it in the future. The size of entrance fees and the procedure for their payment were also determined. Instructions were given to complete the state registration of the alliance shortly and proceed to the actual work.

The creation of the national ESG Alliance was initiated on December 1, 2020 during a conference organized by Sber. Leading Russian and international companies with a total revenue topping RUB 10 tn and the number of employees exceeding 1.5 million supported the initiative.

The mission of the alliance is to facilitate the transition to sustainable economic development ensuring nature conservation, the well-being of society, and long-term prosperity of business amid the existing limitations of natural resources, based on the interest, cooperation and partnership of all parties involved.