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Sberbank and Acron to Cooperate on ESG Financing

During the Twenty-Fourth St. Petersburg International Economic Forum, Sberbank, represented by the Deputy Chairman of its Management Board Anatoly Popov, and Acron Group, one of Russia’s leading mineral fertiliser producers, represented by its Chairman of Board of Directors, Alexander Popov, signed an agreement on financing of Acron Group’s projects and initiatives under Environmental, Social, and Corporate Governance (ESG) Standards.

Pursuant the agreement, the companies will cooperate in the following areas:

— Arranging Acron Group’s preferential corporate financing depending on sustainable and green development highlights, including ESG financing
— Reducing greenhouse gases and pollutant-specific emissions
— Implementing joint social initiatives in both companies’ footprint regions
— Sharing best practices on ESG
— Using Sberbank’s services, products, and ecosystem to develop Acron Group’s ESG initiatives

‘Global trends in sustainable development and ESG practices are more relevant than ever. Russian companies are increasingly using ESG practices in their operations, and Sberbank offers its partners a comprehensive approach to their ESG strategies, including green project financing. We are glad to have Acron Group, one of Russia’s largest mineral fertiliser producers, as our ESG partner’.

Anatoly Popov
Deputy Chairman of Sberbank’s Management Board

‘Acron Group has always invested in environmental projects, employee wellbeing, and improving corporate governance. In 2020, we allocated RUB 2.3 billion to implement sustainable development measures. We are confident that Sberbank’s help and support will contribute to our sustainable and dynamic development’.

Alexander Popov
Chairman of Acron Group’s Board of Directors