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Pure Profit for Russia: Benefits of Responsible Finance

WWF’s Trade and Investment Programme Report, Ivetta Gerasimchuk, Kamila Ilyumzhinova, Alistair Schorn, eds., Moscow, WWF, 2010

129 Pages Posted: 20 Apr 2010  

Ivetta Gerasimchuk

International Institute for Sustainable Development

Kamila Novak

SKOLKOVO IEMS Sustainable Business Centre

Alistair Schorn

affiliation not provided to SSRN

Mark Eckstein

affiliation not provided to SSRN

Ekaterina Khmeleva

affiliation not provided to SSRN

Georg Kraft

affiliation not provided to SSRN

Juergen Lottmann

affiliation not provided to SSRN

Renat A. Perelet

affiliation not provided to SSRN

Kevin Smith

affiliation not provided to SSRN

Evgeny Arkadievitch Shvarts

WWF Russia

Date Written: January 20, 2010

Abstract

The purpose of this report is to serve as a post financial crisis handbook that will help both financiers and environmentalists in Russia to cooperate in establishing a ‘greener’ and less risky financial system in a similar manner to which this process is underway in other emerging markets such as China, Brazil and South Africa. The report provides an overview of the evolution of international mechanisms of environmental and social responsibility in the global financial sector, quantifies the scope of exposure of foreign and Russian financial institutions to environment-intensive sectors of the Russian economy, and concludes with recommendations regarding actions that might be implemented by both the Russian government and domestic financial institutions. The report has been prepared within the framework of the project ‘Integration of Environmental and Social Safeguards, Standards and Processes and the Climate Change Agenda in the Russian Finance Sector’ implemented by WWF-Russia and WWF-Germany with the financial assistance of the Federal Agency for the Environment (Umweltbundesamt/UBA) under the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), and with the support of the Russian Ministry of Natural Resources and Ecology, European Bank for Reconstruction and Development (EBRD), in collaboration with the Equator Principles Outreach Group for Russia.

Keywords: responsible investment, sustainable finance, emerging markets, ESG, SRI, CSR

JEL Classification: G11, Q56, P28

Suggested Citation

Gerasimchuk, Ivetta and Novak, Kamila and Schorn, Alistair and Eckstein, Mark and Khmeleva, Ekaterina and Kraft, Georg and Lottmann, Juergen and Perelet, Renat A. and Smith, Kevin and Shvarts, Evgeny Arkadievitch, Pure Profit for Russia: Benefits of Responsible Finance (January 20, 2010). WWF’s Trade and Investment Programme Report, Ivetta Gerasimchuk, Kamila Ilyumzhinova, Alistair Schorn, eds., Moscow, WWF, 2010. Available at SSRN: https://ssrn.com/abstract=1592859 or http://dx.doi.org/10.2139/ssrn.1592859

Ivetta Gerasimchuk (Contact Author)

International Institute for Sustainable Development ( email )

161 Portage Avenue East, 6th Floor
Winnipeg
Manitoba, R3B 0Y4, Manitoba
United States

HOME PAGE: http://www.iisd.org/gsi

Kamila Novak

SKOLKOVO IEMS Sustainable Business Centre ( email )

Novaya street 100
Odintsovsky district, Moscow region 143025
Russia
4955393003 (Phone)
4955393003 (Fax)

Alistair Schorn

affiliation not provided to SSRN ( email )

Mark Eckstein

affiliation not provided to SSRN ( email )

Ekaterina Khmeleva

affiliation not provided to SSRN ( email )

Georg Kraft

affiliation not provided to SSRN ( email )

Juergen Lottmann

affiliation not provided to SSRN ( email )

Renat A. Perelet

affiliation not provided to SSRN ( email )

Kevin Smith

affiliation not provided to SSRN ( email )

Evgeny Arkadievitch Shvarts

WWF Russia ( email )

Nikoloyamskaya street 19, bld.3
Moscow, 109240
Russia
+7(495)7270939 (Phone)
+7(495)7270938 (Fax)

HOME PAGE: http://wwf.ru

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