15th of May 2023
RAEX has released a new ESG ranking of the Russian business "Top-50 Energy". The ranking includes non-financial companies in Russia that show the greatest attention to the green energy transition.15.04.2023 RAEX has released a new ESG ranking of the Russian business "Top-50 Energy". The ranking includes non-financial companies in Russia that show the greatest attention to the green energy transition.
The main goals of the RAEX Top-50 Energy ranking are to contribute to the development of the ESG agenda, help in understanding of its current state, finding benchmarks and determining the main directions of action.
The ten leaders of the RAEX Top-50 Energy list are very diverse in their sectoral composition. There are gold mining companies (Polyus, Polymetal), energy (El5-Energo), logistics (TransContainer), metallurgy (NLMK, Norilsk Nickel), oil and gas (Lukoil, Gazprom), IT and telecom (Yandex), agrochemistry (Uralkali).
Large Russian business has great potential for development in the field of green energy. We used the simplest set of parameters, but only a dozen estimates above 50% were collected.
The most balanced practices in the field of green energy transition are possessed by the companies Polyus, EL5-Energo, TransContainer. In terms of renewable energy, we recommend paying attention to Norilsk Nickel, NLMK, Lukoil. Energy use is generally well disclosed by many companies and any of the top ten practices can be referred to.
Energy management is quite evenly developed among all companies in all sectors represented. The same cannot be said about the transition to renewable energy sources. The RAEX Top-50 Energy list analysis shows a disastrously small number of companies that pay serious attention to the green energy transition - 64% of the companies from the list do nothing in this direction.
In the future, the agency plans to continue publishing thematic ESG rankings of RAEX Top-50 series based on company assessments conducted using an open methodology.
