WWF Unveils Russia's First Environmental Transparency Rankings of the Country's Heat and Power Generating Enterprises
The research initiated by WWF-Russia is financed by the European Union, as part of the WWF- EU project "People for Nature".
The results were calculated by the Analytical Center of the National Rating Agency based on the original methodology developed by WWF-Russia.
The methodology of the new rankings was developed using the already established principles for the corresponding oil and gas and mining and steel rankings, taking into account the industry's specifics. The study covered only fossil fuel-driven heat and power generation. The environmental responsibility of the country's heat and power generating enterprises were judged on 24 criteria. The study featured 15 enterprises.
The study results are as follows: Irkutskenergo OJSC ranked first, followed by RusHydro PJSC and Enel Russia PJSC.
The organizers note that the main purpose of the pilot rankings was to encourage industry enterprises to operate in a more transparent manner, since over the last decade power generating enterprises have been particularly reluctant to share information, which is a significant hurdle to reducing their environmental impact.
"Without objective and open access information about the scale and types of environmental impact, it is impossible to effectively achieve its mitigation," argues Alexey Knizhnikov, Head of the Program for the Business Environmental Responsibility at WWF-Russia. "The pilot rankings of power generating enterprises show that this industry is considerably behind other sectors in terms of transparency. Public efforts should thus be first and foremost focused on improving environmental transparency of companies in this industry."