Russia: Russian sustainability scores rise, but climate goal still lags

A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.

While ESG scores for companies like Novatek PJSC and Polyus PJSC rank on par or better than many of their international peers, their ambitious growth plans will contribute to a forecast increase in Russia’s greenhouse gas emissions over the next decade.

Favorable ratings have become a priority as impact investments, which are designed to be both socially and financially rewarding, surge in popularity and many funds demand more accountability. Assets in impact funds swelled to US$715 billion at the end of last year from US$8 billion in 2012, according to the Global Impact Investing Network.

The full original article can be found businesstimes.com.sg

(Picture: BLOOMBERG)

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