Interfax publishes final Fundamental Efficiency Rating for top 150 Russian cos
Interfax Group has published its final annual Fundamental Efficiency Rating for Russian businesses, which is compiled by environmental and energy rating agency Interfax-ERA and includes the 150 largest Russian companies from the real sector of the economy.
In 2017 the top 150 companies are led by Gazprom Dobycha Urengoi LLC, PJSC IDGC Center & Volga , PJSC Novatek , Gazprom Transgaz Ukhta LLC, PJSC FGC UES , Gazprom Dobycha Yamburg LLC, PJSC IDGC of Volga , PJSC Sukhoi Company, PJSC Gazprom and PJSC Uralkali .
Interfax presented the final rating at the Fifth All-Russian Congress of Environmental Protection in Moscow.
"Independent and methodically consistent ratings are an effective tool for assessing the viability of investments in energy-efficient production and monitoring the fulfillment of modernization projects by companies and the implementation of environmental and energy-saving programs at a regional level," said Alexander Martynov, head of Interfax-ERA.
Martynov said one example of this use of environmental ratings was a joint project between Interfax and Russia‘s Belgorod Region. "The region‘s administration organized support for the process of environmental disclosure, and Interfax processed the data and formed a rating of the region‘s enterprises," he said.
"Society and government bodies need environmental transparency, but nobody needs it more than the businesses themselves," said Marina Mirutenko, Interfax-ERA project expert. "Expanding the information outlets for environmental reporting will guarantee the development of socially and environmentally responsible investment. Environmental disclosure and ratings are able to focus the financial resources of long term investors on the most viable businesses. Investments in environmentally and energy-efficient sectors and companies are clearly more beneficial and make it possible to earn money on the preservation of the environment for future generations," she said.
Companies in the top 150 rating are ranked according to five criteria: energy resource efficiency (energy and resource expenditure per unit of output); technological efficiency (consumption of resources and generation of waste per unit of work); ecosystem efficiency (level of pollution and environmental impact by a company‘s enterprises that can be assimilated by the local natural ecosystems); change in efficiency (from 2005 to 2017); and transparency (level of disclosure about energy and resource consumption and environmental impact).
Companies are ranked by each of the criteria and the final ranking is determined according to the sum of their places in the five separate rankings.
The 6,275 enterprises on the full list include 5,424 enterprises from the real sector of the economy. A separate rating of the 150 biggest production enterprises was compiled from these. The top 150 includes not just the parent companies or holdings but also their major subsidiaries including branches without corporate status by revenue, head count and energy consumption.
This year for the first time, fundamental efficiency ratings are published for ten sectoral groups.