Sustainable Development Management
GRI: 2-12, 2-13, 2-23
While it leaves a relatively small operational footprint, Expert RA makes a lot to increase transparency and facilitate the processes of ESG transformation and sustainable economic development in Russia and the EAEU. The Agency provides access to objective and up-to-date ESG data and analytical materials, which the capital market participants can use in assessing their risks, making capital allocations and doing a long-term planning.
Expert RA observes principles of responsible business conduct and aligns itself with the strategic direction of the Russian economy. The Agency’s activities are consistent with the sustainability reporting disclosure documents adopted at the federal level.
The responsibility for managing sustainable development in the Agency is distributed between the governance bodies. The Board of Directors approves and oversees the implementation of overall policies and strategies related to the Agency’s corporate culture, values, responsible business practices and sustainable development. The committees under the Board of Directors exercise the oversight; they periodically review and, if necessary, make recommendations to the Board of Directors regarding issues related to sustainable development. The ESG Centre, established in 2023, is responsible for ESG reporting, developing, implementing the action plan and regularly updating the Board of Directors on the Agency’s sustainability progress.
Approval, control, supervision and recommendations | ↓ Board of Directors ↓ | ||
Strategy and Sustainable Development Committee | Nomination and Remuneration Committee | Internal Audit and Control Committee | |
Reporting, strategy, goal setting and action planning | ↓ Management Board ↓ | ||
Sustainability Management System Development Centre (the ESG Centre) | |||
In 2023, Expert RA continued to improve its internal regulations to ensure the availability of appropriate guiding ESG business principles and the introduction of ESG standards into its operations.
The Agency’s ESG-related business line is aligned with the current Development Strategy of Expert RA.
Key documents designed to integrate ESG criteria into the Agency’s business model are as follows:
- Sustainable Development Policy
- Risk Management Policy
- Code of Professional Ethics
- Conflict of Interest Minimisation Policy
- Personal Data Processing Policy
- Occupational Safety and Health Policy
The Agency is planning to develop and adopt in 2024 its Sustainable Development Strategy through the decision of its BoD.
Expert RA supports the UN SDGs set for the period until 2030 and has focused on the following six SDGs, to which achievement it can contribute best, considering the nature of its business and its strategic priorities.
 | Disseminate knowledge and skills needed to promote sustainable development; provide employees with opportunities for their professional and personal growth |
 | Provide a working environment, where men and women have equal rights and opportunities at all levels of decision-making to foster business prosperity and sustainability |
 | Provide decent work and implement the equal pay for equal work principle, ensure safe working conditions, introduce national standards and best practices in the areas of labour relations and human potential development among the customers and suppliers |
 | Introduce sustainable consumption and production patterns throughout the value chain, and collaborate with suppliers to continuously improve resource management efficiency |
 | Follow a zero-tolerance policy in respect of corruption, bribery and fraud, as well as discrimination and harassment |
 | Partner with like-minded organisations as part of our sustainability efforts to expand our reach and increase opportunities for greater stakeholder engagement |