10th of November 2025
RAEX Rating Agency has released an update of the companies' ESG ranking for 2024 reporting year.
The new list includes 95 companies from Russia, Kazakhstan, Mongolia and Uzbekistan.
The top companies of ESG-ranking as of 10.11.2025 has not changed: the first place in the list still belongs to Norilsk Nickel, the second - to PhosAgro, closing the top three is Sberbank.
Mining and metallurgy companies, banks, integrated oil and gas companies, electric power and chemical industries mostly represent the industry structure of ranching. For the first time, the company from Uzbekistan Uzbekhydroenergo, a state company that manages the hydropower sector was evaluated. The disclosure of non-financial accounts of Uzbekhydroenergo was sufficient to occupy 46 rows of the ranking.
The assessment was carried out according to an updated methodology published in spring 2025. In order to form a ranking, RAEX analysts examined exclusively public data of companies taking into account the specifics of their activities. To be listed, companies must disclose a minimum of specific ESG data and not only declare their commitment to sustainable development.
The updated version of ESG-Ranking presents companies that have been evaluated as of October 31, 2025. At the beginning of December, RAEX will publish an update on the results of November, and before the end of 2025, a final ESG ranking of companies on the results of 2024 will be prepared.
