Sber always makes several macrosis scenarios – positive, conservative and negative, and this approach is necessary to control the risks efficiently. This was stated by the President, Chairman of the Board of Sberbank Herman Gref in the sidelines of the Eastern Economic Forum.
“Weep was announced including the most negative, stressful scenario, if the country does not take action in part ESG. However, the meaning of our decision to create an ESG alliance is just in the development of solutions that will help the Russian economy painlessly To pass the world ESG transformation, “the Gref emphasized.
In reality, he said, today in Russia a positive scenario is being implemented. He noted that the Government of the Russian Federation is actively working on a low-carbon strategy project, developed a plan to exit Russia for carbon neutrality. “We already see positive changes when the largest players reorient industrial production, taking into account environmental factors, increase production efficiency, reduce greenhouse gas emissions, go to renewable energy sources,” added the head of Sberbank.
These shifts, according to him, talk about the formation of new growth points in the economy, which can increase business investment activity, will contribute to the creation of new jobs and accelerate the processes of modernizing our economy under global ESG calls, which is reflected in the project. “In this case, we can use ESG tools to diversify the economy and accelerating economic growth,” the Gref summarized.
Earlier in his speech, Gref made that the income of the population of the Russian Federation could be reduced by 14 percent to 2035 in case ESG transformation does not occur based on the scenarios of the International Energy Agency. ESG transformation is business management, which is based on the principles of environmental, social and corporate responsibility.