VEB.RF and SBER presented an interactive ESG-index of cities and regions. The tool will become a new convenient platform for knowledge sharing and successfully implementing projects. The ESG index as a set of coordinates and tools will allow regions and cities to assess their position and progress towards sustainable development. The index is based on the research bases of VEB.RF and SBER and covers 85 regions and 218 cities of Russia. For the means of defining the index, current indicators in such areas as green energy, education, culture, digitalization and others are used.
“Big data should be implemented in order to improve the well-being of Russian families, develop social services and fight environmental issues in cities. Thus, VEB.RF has developed a Quality of Life in Russian Cities Index, which allows us to support our investment driving management decisions with data. Based on the index, we, in partnership with SBER, have developed an ESG index, which already covers 85 regions and 218 cities of Russia and allows for high-quality ESG analysis of territories. I am confident that our cooperation will allow federal and regional authorities, as well as businesses and proactive citizens, to track systemic changes in the country in the field of ESG,” said Andrey Samokhin, Chief Managing Director of VEB.RF.
The index includes data on 16 complex factors, combined into three blocks: environment (Environmental), society (Social) and governance (Governance). The number of indicators within one factor does not affect its indicators, since the final score reflects the average value for the components. Data is analyzed in such areas of sustainable development as green energy, environmental management, water and forest resources, education, culture, accessible environment, investment climate, level of digitalization, development of small and medium-sized businesses and others. To calculate the regional index, the most recent figures of official statistics are used, and the city level indicator includes aggregate data on feedback from residents. This allows us to formulate a multilateral assessment of the ESG potential of Russian territories, taking into account both statistical data and the perception of the population. The parties plan to update the index on an annual basis.
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