AK&M Rating Agency presents third social efficiency ranking

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AK&M 13 August 2020 20:09

AK&M Rating Agency has published the third social efficiency ranking of the major Russian companies based on 2019 results.

The AK&M ranking reflects the results of assessing the social efficiency of major Russian companies and is aimed at identifying and highlighting the best of them, making the most useful contribution to society while producing the lowest impact on the environment and at finding a balance between the impact on the environment and their usefulness to society.

The Agency's ranking is based on the 2019 data provided by companies, including annual reports, sustainable development reports, consolidated financial statements, as well as data directly obtained fr om the companies via questionnaires.

The key feature of the 2020 ranking is a substantial increase in the number of companies disclosing information about their environmental activities and the environmental impact. From just over 30 companies in 2019, their number has almost doubled to-date. Not all of them, unfortunately, are committed to public transparency as regards their key environmental parameters. Companies avoid disclosing certain data they consider to be negative.

The ranking has once again demonstrated the social relevance of high-tech industries generating high added value while causing minimal damage to the environment. Communications service providers, power grid companies and transport holdings are on top of the ranking. Most of the oil producers are also socially effective, while mining and chemical companies are the outsiders.

In 2019, the negative environmental impact produced by companies generally increased. The total environmental load increased by 10%. Of special concern is the situation in the oil and gas sector wh ere the environmental impact increased by more than 20%. By contrast, energy companies are among the most environmentally friendly ranking participants. Inter RAO is among the aces achieving a more than 15% reduction in the environmental impact over the year.

The leaders of the 2020 ranking are MTS (a company of Sistema PJSFC), FGC UES (Rosseti), IDGC of Centre (Rosseti)

Sakhalin Energy is the most socially efficient company in the oil and gas industry, Russian Railways among the transport majors. TMK takes the lead in the metallurgical industry for the third year on end. TGC-1 leads among energy companies, while SUBUR Holding is the most socially efficient company in the chemical and petrochemical industry.

The full version of the research study and the calculation methodology are available on AK&M Information Agency's website: http://akmrating.ru/ru/ranking/index/35