... business, including Tatarstan. This enables optimal utilization of production capacities and a much more flexible response to external challenges, allows us to modify the feedstock mix, and increase asset profitability, etc. Shared direction: universal ESG strategy Within the integrated business, SIBUR continues to implement the energy conservation and efficiency programs at their plants. One of its deliverables is reduced levels of greenhouse gas emissions. SIBUR’s ESG strategy reflects the commitments ...

... rewarded users with points, which could be exchanged for useful subscriptions and other prizes. It should therefore be no surprise that SIBUR won the Green Light award for sustainable development (established by Schneider Electric) in the Best Corporate ESG Programme for Personnel Development category. The award ceremony took place on 26 November at the Moscow School of Management SKOLKOVO. “The ESG agenda is becoming all the more relevant in Russia. We are pleased to note that our partners,...

Sberbank Corporate University has made its new ESG: Introduction training course available free of charge on its website. Care for the environment (E), attention to social aspects (S), and a commitment to high standards of corporate governance (G) are the three things that modern enterprises ...

In November 2021, SIBUR’s Board of Directors approved changes to the 2025 Sustainability Strategy. SIBUR adopted its Sustainability Strategy back in 2019. Since then, the Company has undergone a significant ESG transformation, and life has made its own adjustments. The entire world, including Russia, is now tightening its approaches to climate change: to cut their carbon footprint, countries look to add new regulatory pressure on businesses, developing new ...

... appropriate certification. Zero-carbon methane pyrolysis technology used to produce hydrogen from natural gas is being tested at Ludwigshafen. Both new and existing suppliers are evaluated not only against economic criteria, but also against ESG standards under our Supplier Code of Conduct, which is based on internationally recognised principles, such as those of the United Nations Global Compact. The Code of Conduct covers compliance with human rights, labour and social standards, anti-discrimination ...

... contribute to the global sustainability agenda, borrowers get access to more attractive funding instruments, and society overall reaps the environmental and social dividends. “This borrowing is a logical next step in our integrated approach to business. ESG considerations and priorities are driving strategy formulation and factor into everything we do, all the way from production to financing decisions,” commented Peter O’Brien, member of the Management Board and Managing Director for Economics and ...

... transformation of CO2 into methanol by direct hydrogenation of collected emissions. The company intends to widely deploy and commercialize its solution in the chemical industry. Across the globe, shareholders have become more focused on their companies’ ESG policies. According to the Central Bank of Russia, EU plans to introduce carbon taxes on carbon emissions, which may affect more than 40% of the Russian exports, thus costing up to USD 5 billion annually. The detailed EU plan is expected to be announced ...

... Company is strongly focused on projects related to the circular economy, green technologies and hydrogen energy, with existing examples of specific CO 2 sequestration technologies and a green PET granule project which incorporates recycled materials. ESG indicators are pivotal for evaluating the performance of all Company employees, includi ng top management. Today, SIBUR’s sustainable development has become an integral part of Company life and is fully aligned with the international agenda. SIBUR ...

SIBUR has introduced a new document that strengthens the way it interacts with partners. Ethical business The COVID-19 pandemic has changed the way people live their lives and communities’ function, and how organisations conduct business. During these tough times, business leaders have had to make a number of new strategic decisions that will have an impact on the business community in the coming years. Among them: strengthening their business’ reputation and compliance with ethical standards...

... form of credit. Deutsche Bank, for example, manages a portfolio worth EUR 450 billion, and intends to increase assets held in green investments to EUR 200 billion. In so doing, the bank’s managers are acknowledging the growth in the popularity of ESG consulting. According to estimates by the Chemicals and Advanced Materials group (is part of the WEF, and is made up of managers from major global petrochemical companies), the industry’s key focuses in 2021 will be implementing a circular economy ...

... Participants of the SIBUR Formula for Good Deeds volunteer project planting nursery trees. Corporate social responsibility is a major consideration for consumers and investors alike, who use special ratings to gauge how seriously companies take it, with ESG ratings being one of the most important tools in this respect. Investors use a company’s ESG rating to identify and assess the environmental, social and governance risks and opportunities facing it, and also to determine its long-term viability....

Head of Environment Galina Khristoforova spoke about introducing a sustainability strategy at the Company. In February 2020, the Vedomosti business daily held its second Sustainable Development and ESG Indices annual conference. The event played host to representatives from industry regulators, managers of relevant departments, top management of major companies, as well as consultants and analysts. During the Vedomosti conference, leading ...

The Company’s efforts in ESG risk management and the use of eco-friendly production practices. The international agency Sustainalytics, which rates the performance of companies on managing environmental, social and governance-related risks (ESG risks), published its updated ...