On June 27, 2011 a visiting meeting of representatives from the Committee on Corporate Social Responsibility of the Russian Union of Industrialists and Entrepreneurs, Moscow School of Management SKOLKOVO and RTS Stock Exchange took place.
As a result of the meeting RTS and SKOLKOVO have started working on a joint project for establishing and calculating the first Russian Sustainability Index.
The Index constituents list will include shares of Russian issuers traded on the organized stock market and selected on the basis of regularly published corporate and social responsibility reports (CSR).
According to the global practice CSR reporting allows companies to release information on their issues in the area of economy, environmental impact and social service. By publishing non-financial reports a company stresses the importance of its relationships with employees, customers, investors and local community and establishes that such relationships are a key to successful sustainable growth by the company.
Two large-scale tasks face the project participants. The first task is the development of criteria for selection of securities to be included in the calculation of the Index. To solve this task best world practices and expert opinions will be used. The second task is the development and promotion of sustainable growth idea as an important and integral part of companies daily activities.
Final results of the project will be presented in a month.
