WWF LAUNCHES A NEW ENVIRONMENTAL TRANSPARENCY RANKING
The methods behind these rankings rely on similar basic principles and 25–30 criteria that characterize each company's activities in environmental protection and transparency. The calculations are carried out by the National Rating Agency of Russia on the basis of only publicly accessible sources. This approach ensures that the research is carried out with the highest standards of objectivity, helping improve environmental transparency of Russian companies.
This year, a total of 88 largest companies in the country's leading industries will take part in the rankings, including 22 oil and gas enterprises and 41 mining and steel enterprises. Some 25 heat and power generating enterprises will also participate in the rankings.
"Besides being the main driving force behind the country's economic development, these three industries are also a major source of environmental impact. According to the state report On the State and Protection of the Environment in the Russian Federation in 2017 by the Ministry of Natural Resources and the Environment of the Russian Federation, mining, manufacturing, power, gas, and heat generation accounted for about 84% of the country's pollutant emissions. Besides, extremely hazardous pollutants, such as sulfur dioxide and particulate matter, held even a greater share, 97% and 90%, respectively," emphasizes Aleksey Knizhnikov, Head of the Program for the Business Environmental Responsibility at WWF-Russia. "Now, with the launch of the third industry ranking, we have completed the establishment of an effective public mechanism for improving transparency and reducing environmental and health impact of the industry."
While developing the methodology behind the ranking for heat and power generation, the already established principles for the corresponding oil and gas and mining and steel rankings had been used, taking into account the industry's specifics. The environmental responsibility of the country's heat and power generating enterprises will be judged on 24 criteria. The results will be revealed at the United Nations in the Russian Federation headquarters in Moscow on December 23, 2019.
The ranking for oil and gas companies will be carried out for the 6th time already. This is a joint project by WWF-Russia and CREON Group, which has been the main co-organizer of the ranking for oil and gas companies since 2014. Based on the results, CREON Group realizes its Rational Approach program designed to help companies raise funds for environmentally sustainable projects. The results of the oil and gas ranking will be presented at the Analytical Center for the Government of the Russian Federation on November 25, 2019.
This year, WWF will carry out its third ranking for the mining and steel companies. The methodology is being gradually improved each year. This year's innovations include criteria for assessing the share of renewable energy production in the Environmental Impact category. The new methodology has also been enhanced with test proportion criteria for assessing environmental impact, which are calculated in relation to the enterprise's base production volume. This year, eight new companies will take part in the ranking. The results will be revealed at the United Nations in the Russian Federation headquarters in Moscow on December 17, 2019.
"By ensuring the greening of almost a hundred of Russia's largest industrial companies, the WWF rankings contribute to the implementation of the Ecology National Project. It is equally important to note that fostering public nonfinancial reporting of businesses has become the new priority of Russia's state policy since 2017," points out Aleksey Knizhnikov. "In July 2019, the Ministry of Economic Development of the Russian Federation introduced their respective bill to the Government. Public verification of nonfinancial reporting will become one of the key elements in this process. Environmental rankings help improve transparency and credibility of the companies' reporting, which will, in turn, ensure high-level efficiency of public verification."
Each year, WWF industry rankings are gaining more recognition not only with the business community and Russian authorities but at the international level as well. Our efforts are supported by the United Nations Environment Program, the United Nations Development Program, and the Swedish International Development Cooperation Agency (SIDA).
Since 2019, the environmental transparency rankings by industry have been part of the People for Nature project carried out by WWF-Russia with the support of the European Union.
Photo by: (c) Mikhail Bragin/WWF-Russia