Sberbank has taken part in the first event of Russian Chapter, the Russian branch of the World Economic Forum’s climate initiative.

Sberbank has taken part in the first event of Russian Chapter, the Russian branch of the World Economic Forum’s climate initiative. It’s a platform for board members, top executives, and committee chairmen who strive to learn more about climate change and its implications.

At the opening event of Russian Chapter, a round table called Business and Climate Change was held together with Deloitte CIS. Nadya Wells — independent director of Sberbank’s Supervisory Board, Chairman of the Audit Committee, member of the Strategic Planning Committee, member of the Risk Management Committee — was among the speakers at the round table session. She spoke about Sberbank’s ESG agenda.

Round table attendees addressed the top-priorities for Russian Chapter, the importance of climate agendas for businesses in terms of global and local practices, and commented on the overview of the latest trends, statutory provisions, and what companies expect from regulators.

Nadya Wells, independent director of Sberbank’s Supervisory Board, Chairman of the Audit Committee, member of the Strategic Planning Committee and the Risk Management Committee:

“Climate risk management is a crucial issue for nations and global companies throughout the world, affecting the well-being of our planet’s future generations. I’m a board member with many companies, and I must say that this is a major agenda issue for each of them, including Sberbank’s Supervisory Board. The bank and its ecosystem companies are working proactively to introduce environmental projects, some of them being aimed at reducing the carbon footprint in Russia. Also, the bank is engaged in a close dialogue with regulators and international organizations whose support can’t be overestimated as it works to embed management of climate risk into daily business practices.”

Environment and sustainable development issues — ESG (environmental, social, governance) — rank high on the list of Sberbank’s strategy and corporate culture priorities. With two-thirds of Russians as its customers, the bank realizes it’s responsible for the well-being of Russia, the quality of air people will breathe, and the water they will drink.

Sberbank’s environmental policy covers all domains, from interactions with external customers and investors to responsible behavior of each employee. Following the principles of sustainable development helps to reduce the negative environmental footprint. The bank invests in green projects, including in sustainable energy and off-the-shelf solid municipal waste solutions.

Russian Chapter is a Russian-based branch of the global platform for climate change issues. Designed for board members under the aegis of the World Economic Forum (WEF), the platform already operates in eight G20 countries. By introducing the Climate Governance Initiative (CGI) initiative, the WEF supports the growing awareness and development of competences across boards of directors for the purposes of efficient climate change management.

Recognized climate risk management experts from Russia and around the world who also took part in the first event of Russian Chapter were: Silvio Dulinsky, Leader of Climate Governance Initiative of the World Economic Forum, Ivan Kukhnin, Partner of Sustainability Services Group at Deloitte CIS; Karina Litvak, Founder of Chapter Zero UK, Member of the Board of Directors at Eni S.p.A; Tatyana Mitrova, Director of the Energy Center of the SKOLKOVO Moscow School of Management, member of the Boards of Directors of PAO NOVATEK and Schlumberger; David Nicholls, Deputy Chairman of the Russian Association for API Corporate Governance, Portfolio Advisor at East Capital; Olga Pascault, Founder and Chair of Management Board at Russian Chapter, Member of the International Advisory Board at APQ Global, Independent Director at NESsT UK; Elena Haykin (Sapozhnikova), Founder and Member of Management Board at Russian Chapter, partner of the Digital Horizon investment group, independent director of PJSC Inter RAO; Alec van Vaerenbergh, Counsel for energy sector at DLA Piper.

Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one-third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Government of the Russian Federation represented by the Ministry of Finance of the Russian Federation is the principal shareholder of Sberbank owning 50% plus one voting share of the bank’s authorized capital, with the remaining 50% minus one share held by domestic and international investors. Sberbank has customers in 18 countries. Sberbank has the largest distribution network in Russia with about 14,000 branches, while its international operations – subsidiary banks, branches, and chapters – include the UK, US, CIS, Central and Eastern Europe, India, China, and other countries.

The bank holds general banking license No. 1481 issued by the Bank of Russia.

Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.