Moscow, April 22, 2021 — The first Demo Day on ESG Products in Consulting took place at Gazprombank (ESG standards imply a responsible attitude towards the environment, society and corporate governance). It explored what sustainable development principles mean to the Bank and its contractors, and what products and services the Bank is providing to its clients in this field.
Within the framework of the event, employees were told about the Bank’s activities in the furtherance of sustainable development — both inside the organization (the introduction and systematization of these principles in its day-to-day operations) and outside (the respective products and customer services).
Specifically, in 2020, a dedicated Council was created at Gazprombank along with three commissions with the main goal of enabling the transformation of bank processes at various levels in order to strengthen and improve the Bank’s sustainable business model.
As for corporate clients, the Bank is willing to offer ESG diagnostics and consulting to improve its clients’ positions in ESG ratings and consulting services within the framework of work on ESG tools: consulting on developing a strategy for the client to enter the responsible-financing market, consulting on the granting of subsidies from the federal budget to offset certain expenses within the scope of the implementation of investment projects involving the introduction of best-available technologies, as well as services tailored for a project’s preliminary environmental assessment, environmental audit, advice and assistance in the preparation of the required documents.
“Since the moment Gazprombank was founded, it has adhered to the principles of sustainable development. Today, we are actively participating in the development of a methodology for green financing and the creation of regulations governing the provision of state support for enterprises that adhere to ESG principles in their operations. We don’t just see and understand the global trends — we also stand ready to become the conductors of efficient strategies for our clients,” commented Elena Borisenko, Deputy Chairperson of the Management Board.