Russian companies have begun a new cycle of corporate non-financial reporting: tens of thousands of machine-readable data, hundreds of pages of illustrated texts, tens of millions of rubles spent on design, printing, audit and assurance, not to mention the most valuable resource — time spent on all this work measured in “man-hours.” Are these expenses justified in the current context, and how effective is the ESG report as a tool? These questions were the focus of the first 2025 meeting of the Alliance’s Committee on ESG Infrastructure and Standardization, held on February 4, 2025, in the office of FBK.
At the Committee meeting, chaired by Irina Bakhtina, Director for Sustainable Development at En+ Group, and Viktoria Blatova, Executive Vice President for Sustainable Development at AFK “Sistema”, company representatives, experts and representatives of the Bank of Russia shared their practical experience and vision of current trends and tools for presenting ESG data.
As an outcome of the strategic meeting, the Committee published recommendations (in Russian) primarily intended for integration into the business practices of the Alliance’s member companies. However, they are equally relevant for large businesses outside the Alliance — both for traditional leaders in the ESG agenda among major corporations and for companies are just starting to disclose sustainability data. These recommendations aim to promote the broader adoption of ESG reporting culture across the market, reflect the best modern practices and approaches, and align with regulatory expectations.
