Credit Bank of Moscow ranked third in the ESG ranking of Russian companies as of July 2022. The bank was first in environmental, 11th in governance, and 22nd in social indicators. Sberbank followed, placed 31st in the overall ESG rating.
ESG ranking of banks in Russia as of July 2022
Characteristic
E Rank
S Rank
G Rank
ESG Rank
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The methodology was described by the source as follows. First, risks were defined (such as water risk). Next, the main ESG factors were evaluated: Environmental, Social, and Governance. Each factor consists of subfactors and indicators. In total, 210 indicators were identified, of which 150 were common, while the use of the rest is dependent on the sector. Each ESG factor has three basic components:
- availability of appropriate policies and programs at the company;
- reporting;
- efficiency and result of the company's activities, which affects the leveling of risks.
In the end, a rating is compiled according to the three main factors and, on its basis, the final consolidated ESG rating. The banks in the statistic are sorted by the overall rank.
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RAEX Analytics. (July 1, 2022). ESG ranking of banks in Russia as of July 2022 [Graph]. In Statista. Retrieved September 10, 2024, from https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/
RAEX Analytics. "ESG ranking of banks in Russia as of July 2022." Chart. July 1, 2022. Statista. Accessed September 10, 2024. https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/
RAEX Analytics. (2022). ESG ranking of banks in Russia as of July 2022. Statista. Statista Inc.. Accessed: September 10, 2024. https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/
RAEX Analytics. "Esg Ranking of Banks in Russia as of July 2022." Statista, Statista Inc., 1 Jul 2022, https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/
RAEX Analytics, ESG ranking of banks in Russia as of July 2022 Statista, https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/ (last visited September 10, 2024)
ESG ranking of banks in Russia as of July 2022 [Graph], RAEX Analytics, July 1, 2022. [Online]. Available: https://www.statista.com/statistics/1268394/russia-esg-ranking-of-banks/