Sustainable development management
Russian Railways is the largest issuer of sustainability bonds in Russia and the only Russian representative on the international green finance market since 2019. In March 2020, it successfully offered another issue of CHF-denominated green Eurobond, with theproceeds used to purchase Lastochka electric trains. In September, Russian Railways issued the first perpetual RUB-denominated green bonds, and in December we became the first Russian company to place
RUB-denominatedglobal bonds to cover social needs.
Russian Railways’ successful commitment to sustainability is proven by the Company’s high positions in ESG rankings of reputable international agencies, such as RAEX-Europe, MSCI and Sustainalytics. Russian Railways is ranked on a par with the leading European railway companies: SNCF and Network Rail.Vadim Mikhailov First Deputy CEO, Russian Railways
Russian Railways is committed to the UN Global Compact, the largest international initiative in social responsibility. The Company is a member of the National Network of the Participants to the Global Compact for Implementing the Principles of Responsible Business in Corporate Practice Association.
Alongside the Global Compact, the Company complies with the principles of socially responsible business practices enshrined in the Social Charter of the Russian Business developed by the Russian Union of Industrialists and Entrepreneurs (RSPP). The Company is a regular contributor to the RSPP’s Corporate Practices Collection. In pursuing its corporate social responsibility policy, the Company complies with international treaties, laws and regulations of the Russian Federation, local laws and regulations.
Russian Railways’ strategic priority in terms of sustainability is to achieve the UN Sustainable Development Goals (SDGs) that focus on efficient use of limited resources, implementation of environmentally friendly and resource/energy saving technologies, and support social and cultural stability, as well as integrity of biological and physical ecosystems. The Company’s commitment to the 17 UN SDGs is reflected in its efforts to ensure economic stability, environmental safety and social security.