AK&M Rating Agency is proud to present the first sustainable development reporting ranking

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AK&M 27 November 2020 17:44 AK&M Rating Agency is proud to present the first sustainable development reporting ranking. Gazprom, Rushydro and SUEK are on top of the ranking, with most complete information provided in their reports, as it was informed agency.

Every year, Russian companies grow aware of the need to comply with social and environmental standards and to aim at improving the living and working conditions of the staff and other people living in the areas where they run business. Increasingly more businesses, primarily major companies, are spending time and money on sustainability reports. Some are taking first steps on this path, while others have been disclosing their progress, solved and pending issues to their shareholders, employees and society for years. Some companies publish comprehensive sustainable
development reports relying on international standards and requirements, others add a sustainable development section to their annual reports.

The ranking aims at showcasing the best practices, encouraging businesses to expand their environmental activities, to address more social issues and to provide higher support to the areas where they operate. 

The key ranking factor is completeness of the data provided. We believe that society and shareholders have the right to be informed about companies’ efforts and progress as regards sustainable development and whether companies are aware of their social and environmental responsibility towards future generations.

The ranking does not assess the company’s sustainable development efficiency. It rather highlights to which extent companies are honest with the public and ready to disclose environmental data, details and facts about their relations with their staff and society, to disclose compliance with the generally accepted sustainable development reporting rules and requirements. Our assessment is based on the very fact of availability of such disclosure, data and statements.

The ranking includes just over 60 sustainable developmentreports. Reports from 26 companies are ranked in the two top groups. These companies provided comprehensive reports containing the key performance indicators of their public interest activities. The most complete reports were published by Gazprom, Rushydro and SUEK.

The full ranking and the ranking methodology are available on the AK&M Rating Agency’s http://akmrating.ru/ru/ranking/index/36

SUSTAINABLE DEVELOPEMNT REPORTING RANKING LEADERS 

RESG 1 Top quality of sustainable development disclosure in reports:
  • Gazprom
  • RusHydro
  • SUEK
  • Rosneft
  • Nornickel
  • Inter RAO
  • LUKOIL
  • Segezha Group

RESG 2 High quality of sustainable development disclosure in reports
  • Metalloinvest
  • Rosseti
  • Rostelecom
  • MTS
  • ALROSA
  • PhosAgro
  • NLMK
  • Uralkali
  • Rosseti North-West
  • Polyus
  • RUSAL
  • Polymetal
  • Rosseti-Center
  • Federal Freight
  • Evraz
  • MMK
  • NOVATEK
  • FGC UES

Disclaimer:
The rating, along with any information and conclusions provided in the rating methodology or rating description shall be only considered as the Agency’s opinion and in no way construed as advice on whatever financial or investment operations.

AK&M Rating Agency shall not be held liable for any interpretations, inferences and consequences related to the application of results of the rating estimation procedure by any third parties. The ratings and research materials are only provided, and should only be considered as statements of
the Agency’s opinion. They are not statements of fact or recommendations to purchase, hold or sell securities or assets, or to take any investment decisions.

For estimation purposes, we completely rely on the reliability of information provided by the company. The rationale for AK&M Rating Agency’s rating judgment may include information acquired from other sources we deem to be reliable; however, the agency does not verify the input data exhaustively and disclaims all liability for their possible errors.

AK&M Rating Agency shall not be held liable for any consequences, interpretations, inferences, recommendations and other actions directly or indirectly related to the Rating, the Agency’s rating actions, as well as conclusions and opinions provided in the reports and press releases released by the Agency.

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