THE GREEN AGENDA: STRATEGIC CHALLENGES
Ruslan Edelgeriyev, Advisor to the President of the Russian Federation; Special Presidential Representative on Climate Issues
The national sustainability agenda is evolving rapidly: companies are embarking on ESG transformation, consumer responsibility is increasing, and the regulator is issuing a large number of new laws. Three topics are particularly relevant to the Russian market: the climate agenda, responsible financing and ESG reporting. These topics most often raise issues of concern to almost all market participants. The formation of a legislative framework is of particular importance: the focus is on the Federal Law "On Limiting Greenhouse Gas Emissions" and the statutes that will be adopted in furtherance of the provisions of the law.
A lot of attention is focused on ESG reporting by companies. On the one hand, there is a shift towards disclosure where stakeholders only get the data they need. On the other hand, the diversity of reporting standards and disparate ESG rating requirements still force companies to add a large amount of information to their reporting.
We are currently in the process of transitioning to the ESG future. This exciting stage of development offers new opportunities, but also brings risks and uncertainties that can only be resolved through cooperation between government, business and non-profit organizations.
• How does the government plan to support companies' decarbonization efforts?
• What will be the consequences of the introduction of European regulation?
• In Russia, uncertainty remains: what role will the government play in the new market? What kind of support will companies receive?
• What information do companies need to disclose so that their progress can be benchmarked against companies, industry or market progress?