AK&M awards Rostelecom top sustainability rating
Print version
06.09.2022
AK&M, a leading Russian rating agency, has rated Rostelecom’s 2021 Sustainability Report RESG 1, the highest possible level of social disclosure in a company’s public reports.
In the 2021 report, Rostelecom unveiled its inaugural long-term ESG strategy, which runs through 2025, with each section consistent with the strategy’s stated principles and goals. Investing in human capital development is a top priority at Rostelecom. As one of Russia’s biggest employers with over 126.8 thousand employees, the Company spent just short of RUB 100 billion on payroll in 2021 and close to half a billion roubles on training, while health and safety expenses came in at RUB 1.6 billion. In this light, a key section of the report covers information about our people and their working conditions, as well as employee development and social support measures.
The report highlights the Company’s contribution towards Russia’s National Projects, laying out in particular detail Rostelecom’s work on the Digital Economy project and all of its subprojects.
AK&M’s rating sees our report as eye-catching, well structured and intuitive to read. All achieved results are compared against targets and benchmarks. To make metrics in the report more digestible, we charted them against our performance over the past four to five years.
Prompted by Rostelecom’s strong ESG showing, AK&M now recommends companies to cover their ability to handle emergencies and maintain stability in their reports.
You can read the full 2021 Sustainability Report here: https://www.company.rt.ru/en/social/report/.
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AK&M launched its ESG reporting rating in 2020. The rating focuses on how complete and transparent sustainability-related information is in both annual and sustainability reports, looking at 88 different markers. The rating’s key aim is to showcase to the professional community best practices in social and environmental information disclosure.
In 2022, the ESG reporting rating covered Russia’s leading companies, the country’s first to build sustainable businesses.