Vnesheconombank releases its quarterly bulletin ‘DFI and IFO: implementation of sustainability principles’
1. PROMOTING SUSTAINABILITY WORLDWIDE
The UN Sustainable Development Summit held from 25 to 27 September 2015 in the UN Headquarters in New York adopted a Post 2015 Development Agenda. (>>page 5)
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The Third International Conference on Financing for Development held from 13 to 16 July 2015 in Addis Ababa (Ethiopia) adopted the Addis Ababa Action Agenda.
The document provides that activities of institutions and policies should be aligned with sustainability principles. (>>page 6)
2. TOWARDS A GREEN ECONOMY FOR RUSSIA
V.A. Dmitriev, Chairman of Vnesheconombank, presented a report at a panel session titled On the Path towards Sustainability: Business and Preserving Biodiversity within the Eastern Economic Forum held from 3 to 5 September in Vladivostok. (>>page 13)
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A regular meeting of the Steering Committee of the UN Global Compact Network Russia presided by Vnesheconombank took place in Moscow.
Its agenda focused on discussing the formats for UNGC Network Russia to take part in preparing a new Climate Treaty to replace the Kyoto Protocol. (>>page 13)
3. RESPONSIBLE INVESTMENT
The World Bank issues its Green Bond Impact Report. The Report shows that the World Bank has issued 100 green bonds denominated in 18 different currencies for a total equivalent to USD 8.4bn. (>>page 17)
4. SUSTAINABILITY RATINGS AND RESEARCH
The World Wide Fund For Nature (WWF) has prepared a report on Financial Market Regulation for Sustainable Development in the BRICS Countries that reviews legislation and practices related to the management of environmental and social risks in the financial sector of the BRICS countries. (>>page 19)
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Experts of Interfax-ERA Environmental and Energy Rating Agency issued a report that assesses the fundamental causes underlying the current economic crisis and analysing the outlooks of Russian-Chinese relations. (>>page 19)
5. SUSTAINABLE PRACTICES OF LEADING DEVELOPMENT FINANCE INSTITUTIONS
KfW has issued a report on the spending of proceeds from green bonds showing that in 1H 2015 KfW raised EUR 0.4bn from green bonds. The proceeds were used to finance the renewable energy development programme. (>>page 23)
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Vnesheconombank awarded a category “Guaranteed Transparency” of the National Procurement Transparency Rating
According to the National Procurement Transparency Rating 2015, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is awarded a category “Guaranteed Transparency” among customers placing orders under Federal Law № 223-FZ.
In the course of the awarding ceremony which has been held since 2006, Vnesheconombank was awarded a memorial sign.
In order to evaluate procurers placing orders under Federal Law № 223-FZ, they used data on the extent of a company’s information disclosure and due process with regard to its procurement activity including availability of information on rules for conducting procedures, scheduled procurements, forthcoming tenders and concluded contracts on the participant’s official site and other open sources as well as data on the extent of using competitive procedures.
As compared to the 2014 rating, Vnesheconombank showed a significant procurement transparency growth dynamics: last year the Bank for Development was awarded a category “High Transparency” among the largest state-run companies.
The National Procurement Transparency Rating is an annual project of the National Association of E-Trade Participants. The rating has been held since 2005 with the assistance of the Federal Anti-Monopoly Service (FAS), the Economic Development Ministry, the Russian Audit Chamber, the Russian Commerce and Industry Chamber.
Press Office of VEB
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru