OECD Standards on Responsible Conduct for Development Institutions
Today development institutions play a significant role in the global economy and international development. Projects of development institutions are exposed to traditional financial risks and non-financial risks associated with social, environmental aspects. Meanwhile, projects with embedded standards of responsible business conduct (RBC) are less likely to bring “surprises” for the investor. Responsible project financing is not only a factor in reducing costs but also a factor of investment attractiveness. The investment portfolio where there are demands for responsible behavior shows a return of 16.8% higher than the average global fund returns (MSCI World Index). At the session, the participants will discuss the current approach of different development institutions to RBC standards and possible ways to harmonize it and make it more efficient.
Objectives of the event:
1. To determine the effectiveness of responsible business conduct standards for VEB and other development institutions. How they make an impact on the sustainability of projects, investment attraction, export.
2. How can development institutions work together on RBC standards development?
Antonina Levashenko, Head, Russian Center for Competences and OECD Standards Analysis
Natalia Beneslavskaya, Head of Sustainable Development and Environmental Protection, IKEA
Manjiri Bhalerao, General Manager, Export-Import Bank of India
Alexander Griaznov, Corporate Ratings Director, S&P Global Ratings Russia
Elena Guschina, Senior Vice-President, State Development Corporation "VEB.RF"
Irina Zhukova, Director for Sustainable Development and Corporate Programs, Philip Morris International Inc
Kristina Ishkhanova, Deputy General Director, Foundation of the Unified Development Institute in the Housing Sphere
Andrey Klepach, Deputy Chairman (Chief Economist), Member of the Board, State Development Corporation VEB.RF
Yuriy Korsun, Deputy Chairman, State Development Corporation "VEB.RF"
Mathilde Mesnard, Deputy Director for Financial and Enterprise Affairs, OECD
Maksim Nazimok, Deputy General Director for Finance, Polymetal
Nataliya Ponomaryova, Head of Sustainable Development Department, Eurasian Economic Cooperation Organization
Mukul Sarkar, Chief General Manager, Export-Import Bank of India
Dmitry Tvardovsky, First Deputy General Director, VEB Infrastructure
Maksim Titov, Executive Director of the Research Center ENERPO, European University at St. Petersburg
Elizaveta Filippova, General Director, PwC Audit
Christian Zellner, Head of European Investment Bank Office in the Russian Federation
Grigory Chernenko, Special Advisor to the President, Black Sea Trade and Development Bank
Andreas Schaal, Director of Global Relations, Organisation for Economic Co-operation and Development (OECD); OECD G20 Sous Sherpa
Nikolay Shmatkov, Director, FSC in Russia
Svetlana Erkenova, National Expert, UNIDO Centre for International Industrial Cooperation in the Russian Federation