ICD to support FGC UES in preparing ESG report

2021: Selection of Contractor for ESG Services

Moscow Credit Bank (ICD) November 15, 2021 announced a victory in the tender for the provision of ESG services. As part of the project, the ICD will assist PJSC FGC UES in preparing a report on social responsibility and corporate sustainable development.

The report will be prepared in accordance with the International PRI standard, taking into account the best world practices and experience of public companies, both Russian and foreign. In addition, the ICD will perform consulting services to support PJSC FGC UES when receiving an independent assurance of reporting and when passing public hearings.

We are glad that business is increasingly involved in the sustainable development agenda, since the ESG transformation concerns absolutely all sectors of the Russian economy. Our bank, having extensive own experience and expertise, is ready to support our partners and new customers in various areas of ESG consulting. In the near future, the cost of funding that banks will be able to offer to their customers will depend on the indicators of the company's progress in the transition to sustainable development, so it is important for companies to put into practice such elements as non-financial reporting, social and environmental management systems, integrated management systems, "commented First Vice President of the ICD Yulia Titova.