The Pandemic as a Catalyst for Sustainable Development through the Incorporation of ESG Principles

The Pandemic as a Catalyst for Sustainable Development through the Incorporation of ESG Principles

03 Jun, 17:00–18:15

The COVID-19 pandemic has posed unprecedented challenges to the entire planet, and has required governments and business to come together to comprehensively respond. The pandemic has also raised people’s awareness of the importance of environmental management and the need for better social and corporate governance in business. Today, more than USD 30 trillion in investment is being managed by funds guided by ESG principles, and global investors have come to realize that ESG principles offer a reliable indicator as to whether a company will be able to achieve sustainable growth while offering attractive returns. Many analysts forecast that within a few years companies which choose not to focus on sustainable development and CSR will be unable to raise capital. Even today, good ESG compliance is boosting the ability of Russian companies to leverage their assets by, for example, raising low-interest debt capital for adhering to environmental protection rules. What approaches are Russian companies adopting to implement ESG principles while pursuing business strategies, and how might this lead to greater innovation? What regulatory policies and management methods are enabling companies in Russia to employ green principles so as to increase productivity and competitiveness and more closely align with sustainable development concepts? Which industries have already moved to incorporate the ESG agenda, and are there sectors that are less compatible with ESG principles?


















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