The Association of Banks of Russia has approved recommendations for the implementation of ESG principles by local lenders.

At the moment, 7% of Russian banks already apply ESG principles in their business models, while 67% are preparing for the transition to ESG banking.

Russian Green Finance Guidelines have been issued. These focus on promoting private investment into projects aligned to national and international climate targets.

The Moscow Stock Exchange has created a Sustainability Sector for financing projects in the fields of environmental and social sustainability. The new sector will consist of three independent segments: green bonds, social bonds and national projects.