Uralchem and Sber to cooperate in the field of ESG
Uralchem, JSC and Sber signed a letter of intent for cooperation in the field of ESG. During the 24th St. Petersburg International Economic Forum, the document was signed by Andrey Shemetov, Senior Vice President, Head of SberCIB, and Igor Bulantsev, First Deputy CEO, Director for Economics and Finance of Uralchem, JSC.
Within the framework of the agreement, Sber and Uralchem, JSC are going to interact in the following areas: organizing financing for projects of the company, its subsidiaries, and joint ventures that meet the criteria for “green” or sustainable financing; organizing corporate financing of the company in relation to indicators of “green” and sustainable development; reducing specific emissions of greenhouse gases and pollutants; implementing joint social initiatives in the regions where the bank and the company operate; sharing best practices in ESG reporting.
Andrey Shemetov, Senior Vice President, Head of SberCIB:
“We have been cooperating with Uralchem for many years, and with the signing of this agreement, our cooperation is entering a new phase. One of Sber’s tasks today is to become a driver of decarbonization of the domestic economy. Therefore, using our technologies and competencies, we systematically help the largest business in the country to implement sustainable development practices. This agreement confirms the seriousness of our intentions and the determination of Uralchem to minimize its impact on the environment and carry out an ESG transformation.”
Igor Bulantsev, First Deputy CEO, Director for Economics and Finance, Uralchem, JSC:
“We always thank Sber for the support it has been providing us for several years. Our cooperation is based on a long-term perspective and the signing of an agreement with SberCIB confirms this. The ESG business is still fundamentally new for many Russian companies, including Uralchem, but it becomes almost impossible to compete on the international market without sustainable development principles. We are glad that SberCIB has become our partner in this area. I am confident that their technologies and tools will help us achieve high results in the domestic market and compete with foreign companies abroad.”
PJSC Sberbank is one of the largest banks in Russia and one of the leading global financial institutions. Sberbank accounts for about a third of the assets of the entire Russian banking sector. Sberbank is a key lender for the national economy and holds one of the largest shares in the deposit market. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50 % of the authorized capital of Sberbank plus 1 voting share. The remaining 50 % less 1 voting share of the bank’s authorized capital is owned by Russian and international investors. Clients in 18 countries of the world use Sberbank services. The bank has an extensive branch network in Russia — about 14,000 service points. The bank’s foreign network consists of subsidiary banks, branches, and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China, and other countries. General license of the Bank of Russia for banking operations No. 1481 dated August 11, 2015. Official websites of the bank: www.sberbank.com (website of the Sberbank Group), www.sberbank.ru.
In 2020, Sberbank carried out a rebranding and now offers private and corporate clients financial and non-financial services of the bank and Sberbank Group companies. Today, Sberbank ecosystem boasts a multitude of services for life, daily assistance in solving urgent problems of private clients and businesses. Sber ecosystem website: www.sber.ru.