Sberbank and RUSAL have signed a cooperation agreement covering Environment, Social, and Governance (ESG) efforts. The parties have agreed to work together to achieve the UN Sustainable Development Goals. The agreement was announced during the Russian & CIS Metals & Mining Summit 2020 organized by Sberbank and Adam Smith Institute.
RUSAL plans to engage Sberbank for consultation and informational support on sustainable development initiatives, in particular those concerning current practices and possible financing tools for ongoing environmental and social welfare projects. The agreement will also be utilized to focus on the impact of the company's sustainable development strategy on public corporate ESG ratings.
Anatoly Popov, Deputy Chairman of the Executive Board, Sberbank.
'RUSAL is a world's leading aluminum producer and one of the most responsible companies seeking to reduce its carbon footprint. The ESG agenda is becoming another line of our cooperation. By accomplishing the tasks specified in our agreement we will make a significant contribution to environmental preservation for future generations, enhance corporate governance and social responsibility for large businesses. I am sure that the signing of this document is a landmark not only for Sberbank and RUSAL but for the development of the green economy in general.'
Oleg Mukhamedshin, Director for Strategy, Business Development and Financial Market, RUSAL:
'Investment in green projects and compliance with ESG principles are key areas in our company's operations. We are sure that the agreement with Sberbank will benefit not only the company's dynamic economic development but the social and environmental aspects of our business as well.'
Sberbank of Russia published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 11:08:02 UTC