Sberbank option, SBERBANK OF RUSSIA SBER Stock | London Stock Exchange
The proceeds will be used for general corporate needs. By entering this agreement, Sistema has committed to adopting its Environmental Policy and integrating responsible investment principles into its investment process.
Sustainable development is an integral part of Sistema's strategy, and will be established as one of the key benchmarks for investment decision-making and asset management. This is the first ESG loan deal between a Russian company and a Russian bank, and we are pleased to be setting a new standard for responsible investment in the country's economy.
Sber is set out with the aim to become an ESG leader. Therefore, the loan agreement with our partner, the diversified holding company Sistema PJSFC, is sberbank option important as a precedent for the evolution of market products that allow stakeholders to capitalize on the principles of responsible business development across verticals.
We are going to keep developing ESG lending for our customers who are introducing sustainable development approaches pro-actively. The Board of Directors of the Corporation approved an ESG action plan to improve the sustainability of the investment portfolio, based on indicators of corporate governance, social and environmental responsibility.