Responsible portfolio funding Sberbank exceeds 1.5 trillion rubles
Alexander Vedyakhin, Deputy Chairman of the Board of Sberbank, spoke about this during the SPIEF. According to him, in current Sber’s portfolio of responsible financing (including green, social and ESG loans) will grow by 30% this year to RUB 1.7 trillion. At the same time, portfolio growth signals that borrowers are not only actively working on previous green projects, but also planning new ones.
As Vedyakhin noted, the growth trends of the sustainable financing market and the issuance of ESG bonds are similar in Russia and the world. In 2022, there was a slowdown in global market dynamics, against which it is expected that the volume of placement of new ESG bonds will grow by 5-17%. Growth is strongest in Latin America (up 60%) and in the Asia-Pacific region (up 20%). As for the Russian Federation, in our country they are actively working on the creation of documents on market regulation. Sber, as one of the leaders in ESG in Russia, takes an active part in this.
“Our main focus is the creation of independent standards that reflect the peculiarities of doing business in Russia and in friendly countries, as well as convergence and mutual recognition of ESG approaches and requirements. The key associations for us are the SCO and BRICS, and we, together with the Russian Ministry of Economic Development, are already working in this direction,” Vedyakhin emphasized.