Business programme

Russia–EAEU–BRICS: Non-Financial Reporting as a Lever for Creating Sustainable Supply Chains and Developing Trade Relations

16 Jun , 09:00–10:00
The World Economy at a Global Turning Point
Pavilion G, conference hall G2

In the spring of 2023, the issue of mandatory disclosure of non-financial reporting by large Russian companies gained renewed momentum for discussion and practical implementation. This once again confirmed Russia's interest in transitioning towards a sustainable model of economic development. The focus has shifted towards establishing trust, not only from public authorities but also from investors and foreign trading partners. However, the Western standards of information disclosure, which have been widely used by businesses in the past, failed to fully consider Russia's economic interests and national characteristics, as well as those of Eastern, Asian, African, and Latin American countries. At the same time, the current geopolitical landscape is marked by a shift from globalization to regionalization of economic relations. The reconfiguration of trade relations necessitates the harmonization of regulations and approaches to selecting trading partners. The establishment of a shared system for Russia and friendly nations to assess "sustainable" production and supply chains holds significant potential for enhancing mutual trade turnover. What role can Russia and its key partners in the EAEU and BRICS play in this process? Can non-financial reporting become another 'language of communication' between Russian businesses and counterparties from friendly jurisdictions? What infrastructure is required to facilitate the exchange of data on corporate non-financial reporting between trading partners?

Andrey Sharonov, Chief Executive Officer, National ESG-Alliance

Irina Bakhtina, Sustainable Development Director, RUSAL
Elena Svirina, Member of the Board of Directors, DeloPorts
Andrey Slepnev, Member of the Board, Minister in Charge of Trade, Eurasian Economic Commission
Alexander Sharabaiko, Chairman of the Strategy and Sustainable Development Committee of the Board of Directors, PhosAgro
Yan Yan, Chairman, General Director, China Chengxin International Credit Rating Company Limited

Front row participant
Oleg Poletaev, First Vice President, RPRA - Public Relations