Ministries of the Republic of Tatarstan Ministry of Industry and Trade of the Republic of Tatarstan

Minister Karimov attended Sbertalk session

29 July 2021, Thursday

Tatarstan President Rustam Minnikhanov took part in the Sbertalk session organised in Sberbank’s business communication zone. The topic of the talk was ESG transformation of regions.

The meeting was held as part of the 12th International Economic Summit Russia - Islamic World (KazanSummit 2021).

ESG is a particular set of principles and approaches in environmental, social, and governance responsibility, which along with the usual economic parameters should be taken into account in the planning and operations of any company.

Rustam Minnikhanov noted that ESG principles have already been implemented in a number of major Tatarstan enterprises. KAMAZ, Tatneft, Kazanorgsintez and Taif-NK are among the ESG-rated Russian companies. Implementation of this trend, according to the Tatarstan President, may become a matter of national importance. This also applies to banks, which find it more profitable to invest in green projects.

“Our banks are also joining the ESG standard. Ak Bars Bank promotes the principles of sustainable development in Tatarstan through supporting social projects. Ak Bars Insurance is the first insurance company in Russia to receive an ESG rating,” the Tatarstan President said.

The President noted that Tatarstan is aimed at the closest work with Sberbank as one of the drivers of implementing the latest trends, including those in the field of ESG.

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