ACRA assigned an ESG rating to ROSSETI

AK&M 21 July 2021 18:58
On July 21, 2021, the Analytical Credit rating Agency assigned PJSC ROSSETI an ESG rating at the level of ESG-3, category ESG-B. This is stated in the agency's message.

ACRA assigned PJSC ROSSETI an ESG rating at the level of ESG-3 (category ESG-B). A very high rating in the field of ecology, social responsibility and management means that the Company pays increased attention to these issues, according to the ESG Assessment Methodology.

The assessment is due to the fact that the quantitative indicators of the company in the field of environmental impact and social responsibility significantly exceed the indicators of 23 comparable companies in the industry (19 foreign and four Russian). In addition, the Company is distinguished by the presence of policies and procedures in the field of managing individual industry ESG risks.

PJSC ROSSETI, the operator of electric networks in Russia, is one of the largest electric grid companies in the world. The company manages 2.4 million km of power transmission lines, as well as 528 thousand substations with a transformer capacity of more than 809 thousand MVA. In 2020, the useful supply of electricity to consumers amounted to 734.1 billion kWh. The number of employees of the ROSSETI Group of companies is 216.5 thousand people.

The priorities in the field of sustainable development of the ROSSETI Group of companies are formed on the basis of the Development Strategy of the Electric Grid complex and the Development Strategy of PJSC ROSSETI and its subsidiaries for the period up to 2030. The Group of Companies has formulated the following priorities in the field of sustainable development: ensuring the reliability, quality and availability of electricity supply for consumers; improving operational and investment efficiency, technological and innovative development; improving energy efficiency, protecting the environment and combating climate change; maintaining stable business relationships with stakeholders, including shareholders, investors, creditors, local communities and other stakeholders; taking care of the staff, including creating opportunities for the professional realization of each employee, the development of corporate culture and compliance with industrial safety standards.