AK&M Rating Agency's new social efficiency ranking available at http://akmrating.ru/ru/ranking/index/35 has demonstrated 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. Some of the companies omit such data completely, others provide dynamics or relative figures only.
64 out of the 300 largest companies disclose information on their influence on the environment to a certain extent. Some of them do not disclose complete data, while others refused to participate in the ranking. As a result, 52 companies were included in the final list.
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 result is a ranked list of companies based on the assessment of the company's social efficiency (the ratio of the social benefit to the environmental impact). The social efficiency is calculated taking into account two groups of indicators: one is the social effect of the company's activity (payments to the budget, for charitable activities, environmental expenses, payments to employees subject to the labor force involvement ratio); the other is environmental impact (air, water emissions, solid waste, adjusted for waste toxicity).
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 from the companies via questionnaires.
The calculation methodology is available at: http://akmrating.ru/files/methodology/ru/23.pdf
