An important factor that helped SIBUR remain among the world’s above-average players was an improved score for climate risks and opportunities disclosure.
Every year, SIBUR discloses detailed information on its climate change performance and action. Targets for reducing GHG emissions are part of the Company's sustainable development strategy, which is mandatory for the management under its performance assessment metrics.
Maxim Remchukov, Head of SIBUR’s Sustainable Development:
“CDP score is one of the most recognisable in the wide range of international and Russian ESG ratings. It covers all aspects of companies’ efforts to reduce GHG emissions. Climate change has recently come to the fore of the ESG agenda: legislative requirements are being tightened both in and outside Russia, and there is a clear focus on identifying and implementing best practices in climate action. We are already seeing change as in 2021 global players have improved their positions in climate rankings thus raising the respective average scores internationally and industry-wide. The B score retained by SIBUR indicates that we keep marching forward, but to move one step further and get on the A List, SIBUR has to reach the ambitious climate change mitigation targets outlined in our updated Sustainable Development Strategy.”