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RESULTS OF THE SECOND PUBLICITY RATING OF MINING AND STEEL COMPANIES OF RUSSIA IN REGARD TO ENVIRONMENTAL RESPONSIBILITY
Премия рунета 2017

RESULTS OF THE SECOND PUBLICITY RATING OF MINING AND STEEL COMPANIES OF RUSSIA IN REGARD TO ENVIRONMENTAL RESPONSIBILITY

07 december 2018
On December 7, the UN Information Center in Russia hosted a presentation of the results of the annual publicity rating of Russian mining and steel companies in regard to environmental responsibility.

The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Program (Mission in the Russian Federation). The calculation was carried out by the National Rating Agency.

The main objectives of the rating are to increase the corporate responsibility of mining and steel companies and to create effective feedback mechanisms for the industry with stakeholders.

The study allows comparing information on the level of environmental responsibility of mining and steel companies and the scale of their impact on the environment, including on biodiversity, and also gives an idea of the dynamic pattern of the industry as a whole. At the first stage of the project in 2015, WWF Russia, with the involvement of industry experts and environmental organizations, developed a rating methodology, and in March 2017 it was tested. After analyzing the results of the pilot rating, the experts made significant changes to the method of its calculation.

This year, the rating encompassed 34 largest mining and steel companies operating in Russia. The rating was topped by the gold mining company Kinross Gold; Polyus Zoloto, also engaged in gold extraction, ranked second, and the coal mining company SDS-Ugol ranked third. 

“The use of data that companies make public is one of the basic principles of our research,” said Alexey Knizhnikov, Head of the Fuel and Energy Sector Environmental Policy Program at WWF Russia. “When calculating the first ratings, we faced lack of information about participating companies in open sources. And only by this year we managed to cross the symbolic line in disclosure: over half of the 34 companies increased the level of disclosure. This means, on the one hand, that the rating is indeed an effective mechanism for influencing companies' policies in terms of transparency. And on the other hand, the calculation received this year already more adequately reflects the situation with the environmental responsibility of the major industry players.

The commitment of mining and steel companies to publicity was also noted by Viktor Chetverikov, President of the National Rating Agency:

“We observe a positive trend in cooperation with industry players: every year, increasingly more companies respond to the request for disclosure of additional information on environmental responsibility This reflects a global trend: environmental corporate social responsibility is growing. We are pleased to be part of this movement and offer our competencies to increase the industry’s transparency.”

The rating results are available for download here (PDF file).

Photo in the preview and caption by: (c) Alexander Lotov / WWF Russia. 

For additional information please contact
Oil & Gas Programme Leader