policy in oil and gas and do companies need to speed up?
Our analysis showed that many oil and gas companies already some critics believe that it’s harder to get into have their own strategies to reduce climate risks and emissions. Is there an opportunity to speed up, is there an opportunity to engage more in this topic? Probably, there is. Because if you look at the total amount of environmental spending of the largest Russian companies, it is slightly less than 1% of revenue, while for foreign analogues it is more than 2%. Therefore, there is probably some room for growth.
On the greenwashing problem in Russian companies:
It seems to me that the greenwashing problem exists everywhere. We have a taxonomy only recently. Therefore, it is too early to evaluate projects. In their reports, companies, of course, strive to look more attractive.
What is the current volume of investments by Russian companies in ESG projects?
We cannot say for sure about ESG investments yet. But in projects related to ecology – on average slightly less than 1% of revenue.
Can you say anything yet about the growing burden on banks’ capital?
At the first stage, there will be less for green and adaptation how to use artificial intelligence in ecommerce marketing projects that comply with the taxonomy, and more for brown companies that do not disclose information. What financial institutions will get on average will depend on their policies and final america email decisions on regulatory parameters.