The Republic of Bashkortostan Development Corporation presented its experience in implementing ESG principles in the Alga Special Economic Zone (SEZ) to investment representatives and representatives of Russian development agencies. Diana Davletova, a leading specialist of the Alga SEZ management company, spoke about the Alga special economic zone and the introduction of a sustainable development model on the infrastructure site during a meeting organized by the National Institute for Investment Development of Territories.
Nail Gabbasov, General Director of the Development Corporation of the Republic of Bashkortostan, commented on the interest of the regions in implementing the ESG model in preferential zones.
– SEZ “Alga” has become the first infrastructure platform in the Republic of Bashkortostan where ESG principles are implemented. We are working to promote the ESG agenda with SEZ residents, who are also implementing a set trend for achieving sustainable development goals at enterprises. All this contributes to a more dynamic and confident development of the Alga SEZ and the region as a whole,” Nail Gabbasov said.
Recall that in 2022, the Association of Clusters, Technoparks and Special Economic Zones (AKIT) of Russia included Bashkortostan among the pilot regions for implementing the principles of sustainable development in territories with preferential treatment, and the Development Corporation was one of the first to publish its non-financial reports in the public domain.
Today, the Republic of Bashkortostan is among the top ten leaders of the ESG rating compiled by the Ministry of Economic Development of Russia and the AKIT of Russia. In addition, the republic is in the TOP 5 of the ESG rating of Russian regions conducted by the Environmental Protection Fund Ecofon.
For reference:
ESG stands for responsible attitude to the environment, high social responsibility and high quality corporate governance. These approaches make it possible to increase the investment attractiveness of the sites and are an essential condition for successful development. ESG standards affect the ability of companies to create long-term value and thereby move from short-term to long-term business behavior, ensuring their competitiveness.