Support from the Bank of Russia has enabled market participants to form their own attitudes towards sustainable development goals and ESG financial products. ESG in Russia is still at an early stage, but SPB Exchange views ESG as a factor that can radically change the outlook and strategies of many companies in Russia and the rest of the world. The world’s largest economies - the United States, China, and theĮuropean Union, have already declared their commitment to sustainable development goals and have chosen to pursue carbon neutrality by 2050. The signing compelled SPB Exchange to further study the topic of ESG. Our time, but without prejudice to future generations. The Paris Climate Agreement, which Russia signed in 2016, laid the ideological and legal foundation for a new global redistribution of capital flows in favor of markets that meet the needs of
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