On December 2, the first session of the Board for Sustainable Business Development, Corporate Social Responsibility and Voluntary Service of the Trade and Commerce Chamber of Russia (TPP of Russia) was held. The event was on-line in the frame of the international forum Global Impact Conference 2020.
The Board included representatives of large businesses, governmental and public organizations, specifically: Deputy Head of Federal Service for Labor and Employment (Rostrud) Denis Vasiliev, Deputy Minister for Economic Development of Russia Tatiana Ilushnikova, Vice President of TPP of Russia Maksim Fateev, President of Association of Voluntary Service Centers Artem Metelev, Senior Vice President for ESG of PJSC SBER Tatiana Zaviyalova, Deputy General Director of JSC RZD Dmitry Shakhanov, Director for Marketing and Corporate Communications of JSC Pochta Rossiji Sofia Vanyatkina and others.
The meeting discussed proposals on main areas of activity of the Board, its main goals and tasks as well as work procedure and mechanism of further cooperation. In particular, six possible areas of Board’s work were discussed (they were proposed for discussion as a featured commissions): “Development of Corporate Volunteer Service”, “Development of CSR and Social Entrepreneurship”, “Communication and Educational Projects”, “Business Practices for ESG”, Development of Environmental Culture of Business and Population”, “International Cooperation”. Members of the Board can join the prospective area commissions and propose their candidates for commissions.
It was noted that the pandemic once again has confirmed the fact that in the modern world the business efficiency, mainly, is determined not only by financial results but the social mission, capability to influence global processes of the society. Many companies already include achievements of the UN Sustainable Development Goals in their business strategies and sustainable development and social responsibility become the basis for the long-term business work.
“Today, business is completely responsible for the world which will be tomorrow and which the future generation will face. The introduction of CSRs and ESG (Environmental, Social, Governance) principles in business – strategies and operations of companies – naturally is the necessary condition of answering these challenges. Besides, many international researches have shown the direct correlation between ESG and financial performance of organizations. This means that the company cannot be successful if it does not pay due attention to its social mission. Consumers’ goals and values also have changed. Now, they prefer products of the companies which values and views they share,” Charwoman of the Board and Deputy Director General of ROSATOM Tatiana Terentieva noted.
The next meeting of the Board is planned for March 2021. It will be held in the framework of the International Public Participation Forum #МЫВМЕСТЕ.
The Board for Sustainable Business Development, Corporate Social Responsibility and Voluntary Service of the Trade and Commerce Chamber of Russia is called for to facilitate introduction of best practices in sustainable development and corporate social responsibility into activities of Russian companies. The Board was founded with support of Volunteer Services Association and ROSATOM. The Board is governed by Deputy Director General for HR of ROSATOM Tatiana Terentieva.