On May 25, Head of Sustainable Development Department at the International and Comparative Law Research Center Jean-Claude Knebeler participated in the XII International Forum "Ecology". At the discussion panel “ESG Agenda in Russia: Trends and Nuances”, he discussed the role of Russia in mitigating the environmental impact of human activities, the importance of ESG in increasing the attractiveness of Russian companies, as well as the factor of international integration in the development of the country in a decarbonized world.
Jean-Claude highlighted Russia’s key role in mitigating the environmental impact of humanity on the planet. “As a major supplier of energy and natural resources, Russia has a special responsibility not only to the global community but also its own citizens,” he said.
As for the importance of ESG in increasing the attractiveness of Russian companies, he noted that the companies started to understand “what they need to show to the market, what story to tell investors and what to do in order be credible” and pointed out the need to take the international experience better into account.
Jean-Claude also noted Russia’s need for greater international integration and alignment. According to him, this is the only way Russia can benefit from the transfers of technology, know-how, and financial resources that will be necessary for it to prosper in a decarbonized world.