The ratings agency Expert RA has published an analytical review and the first ESG transparency rating of Russian companies. Center-invest Bank ranks 5th among Russian financial institutions.
The rating is based on analysis of the annual reports and sustainability reports of Russian companies and banks. The evaluation methodology includes four main equally weighted sections: disclosure of environmental impact (“Е”); disclosure of social impact (“S”); governance disclosure (“G”); and disclosure standards.
Since 2012 Center-invest Bank’s Sustainability Reports have provided non-financial corporate reporting and information on progress in introducing best corporate social responsibility (CSR) practice in the bank. Expert RA noted that the bank’s reports are of high quality and answer most of the questions that stakeholders could potentially ask.
Center-invest Bank is implementing an ESG banking business model, guided by principles of social and environmental responsibility and best international practice in corporate governance. The bank also motivates its customers and partners to incorporate the UN Sustainable Development Goals (SGDs) into their business processes.
Center-invest Bank develops and offers ESG-oriented products and services for retail customers and SMEs. It also provides its customers and partners with information about its ESG results using easily understandable language and metrics.
Center-invest Bank is a member of the Global Alliance for Banking on Values (GABV), which brings together 67 financial institutions from 40 countries. These banks are changing the financial system and making a conscious choice, focusing on financing the real economy and customers who are endeavouring to achieve the SDGs.
Since 2019 Center-invest Bank has applied the UNEP FI’s Principles for Responsible Banking and our experience in implementing ESG banking is considered an example of best international practice.