AK&M rating agency presents the fourth rating of social efficiency of the largest Russian companies

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AK&M 31 August 2021 15:05

AK&M rating agency presents the fourth rating of the social efficiency of the largest Russian companies.

The evaluation list includes 45 companies with the best practices of sustainable development.

The rating includes companies whose activities are commensurate with the principles of sustainable development and fully disclose information about social and environmental activities.

The purpose of the rating is to show companies that bring maximum benefit to society with minimal impact on the environment and to find a balance between the load of enterprises on the environmental environment and their positive impact on society.

Any economic activity has an impact on the environment, and by virtue of legislative norms and voluntary decisions, it ensures the existence of the state and society. However, industry specifics lead to significant differences in the level of social efficiency of companies. For example, the most inefficient for society is ferrous metallurgy, and the most highly efficient is communications and transport. Due to significant industry differences in the environmental burden and social impact, the ratings are presented in an industry breakdown. The activities of large system-forming holdings deserve a separate analysis.

According to the results of 2020, the most socially effective companies were:

Ferrous Metallurgy - " Pipe Metallurgical Company "(TMK)

Non-ferrous metallurgy and mining – Alrosa

Energy - "RusHydro"

Power Grids – Rosseti Lenenergo

Chemistry and Petrochemistry-SIBUR

Oil and gas industry – Sakhalin Energy

Pulp and paper industry and timber processing – Arkhangelsk Pulp and Paper Mill

Transport – "FGK"

Svyaz – VimpelCom

The leaders among the largest holdings were telecommunications companies-VimpelCom, MTS and Rostelecom.

The full results of the rating can be found on the website of the Rating Agency AK&MSocial Efficiency Rating (akmrating.ru)

 

The Social Efficiency Rating has been published by the AK&M Rating Agency since 2018. The purpose of the rating is to show companies that bring maximum benefit to society with minimal impact on the environment and to find a balance between the load of enterprises on the environmental environment and their positive impact on society.

Any industrial enterprise operates in market conditions and is a business unit, has its own owners. In large corporations, these are usually shareholders. The purpose of the company's work is to extract maximum profit for its shareholders. However, all enterprises are located on a specific land. They are not isolated from the territory, the subsoil, from air and water, but, on the contrary, actively use these resources, ensuring the profitability of production.

On the other hand, people work at enterprises, receive salaries there and use, if available, corporate social security. Enterprises pay taxes and other mandatory payments to the regional and federal budgets, thereby supporting state institutions. Charity, support for culture and sports make a significant contribution to the development of public infrastructure.

The result of the rating was a ranked list of companies built on the basis of an assessment of the social efficiency of the company's activities. It was calculated using two groups of indicators:

- the social effect of the activity (the amount of payments to the budget, for charitable purposes, environmental protection costs, payments to employees taking into account the labor force involvement coefficient)

- environmental loads (volume of air, water, solid waste pollution, adjusted for the level of waste toxicity)

The result of the calculations is an indicator - the social efficiency of the company's activities (the ratio of the indicator of the social effect to the indicator of the load on the environment).

By ranking companies according to the final indicator, a rating of social efficiency was built.

To compile the rating, the agency used open data of companies for 2020 – annual reports, reports on sustainable development, consolidated financial statements, as well as data obtained from the organizations themselves through questionnaires.

The calculation methodology can be found on the website of the AK&M Rating Agency. Social Efficiency Rating (akmrating.ru)

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Limitation of liability

The rating, as well as any information and conclusions contained in the methodology or description of the rating, should be considered solely as the opinion of AK&M Rating Agency JSC, and not a recommendation on any financial or investment operations.

AK&M Rating Agency JSC does not assume any responsibility in connection with any interpretations, conclusions and consequences related to the application of the rating results by third parties.

Rating assessments and studies represent the opinion of AK&M Rating Agency JSC and should be considered solely as a statement of the agency's point of view. They are not a fact-finding or a recommendation.

The Agency uses in its calculations the information provided by companies and / or disclosed by companies in the public space, fully relying on its reliability. When making a judgment, AK&M Rating Agency JSC may use information from other reliable sources, in its opinion, but the agency does not conduct a comprehensive check of the source data and disclaims responsibility if the source data is found to be unreliable.

AK&M Rating Agency JSC is not responsible for any consequences, interpretations, conclusions, recommendations and other actions directly or indirectly related to the Rating Assessment, rating actions performed by the agency, as well as conclusions and conclusions contained in reports and press releases issued by the agency.