Moscow, 18 November 2020 – The Russian Chapter of the Directors’ Climate Forum has joined the Russian Union of Industrialists and Entrepreneurs’ Committee on Climate Policy and Carbon Regulation as an expert member.

The committee was created in October 2020 to consolidate the efforts of Russian companies representing almost all the primary industries on the climate agenda. The committee includes more than 30 major industrial companies. It is chaired by Andrey Melnichenko, member of the Management Board Bureau of the Russian Union of Industrialists and Entrepreneurs (RSPP) and member of the Boards of Directors of EuroChem Group and JSC SUEK. Deputy Chairman of the committee is Leonid Fedun, member of the Management Board of RSPP and executive member of the Board of Directors of PJSC LUKOIL.

The Russian Chapter and RSPP will jointly develop a platform for dialogue on climate policy and will also work to exchange best international corporate practices in the field of sustainable corporate governance in order to reduce negative climate impact. Another aim is to develop an awareness policy so as to objectively position the activities of Russian companies within the climate agenda.

To comprehensively support the interests of Russian businesses, the Russian Chapter and RSPP will represent their positions at various international platforms and interact with various groups of foreign businesses and the expert community. Employees and authorized representatives of the European Commission and EU countries, European and international analytical and expert organizations, industry associations and European companies may be invited to participate in partner events.

An important aim of cooperation between the Russian Chapter and RSPP will be to raise awareness of Russia’s contribution to global climate efforts and to correctly position the activities of Russian companies within the climate agenda. Russia is one of the leaders in reducing greenhouse gas emissions relative to 1990, not only due to the structural recession of the 1990s, but largely due to development in the 2000s. Russian companies continue major efforts to reduce emissions and increase the trapping of greenhouse gases; particular expectations are related to the provisions of Article 6 of the Paris Agreement. In addition, at present, Russian companies are actively incorporating ESG (Environmental Social Governance) principles into their corporate policies and preparing various types of climate-related reporting.

The Russian Chapter is the Russian subdivision of the global platform on climate change for board members, created under the auspices of the World Economic Forum. By implementing the Climate Governance Initiative (CGI), the World Economic Forum is supporting awareness and development of board competencies for effective climate governance.

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