Corporate profits from green technology: a look at the industries reaping benefits from renewable energy solutions
In the realm of sustainable development, Russia is making strides, with companies like "Leman PRO" leading the charge. According to recent reports, 90% of "Leman PRO's" climate impact is linked to its products, making responsible supply chains and improving product offerings key aspects of its sustainable development efforts.
One of the ways "Leman PRO" is making a difference is through its commitment to certified wood products. By 2022, 85% of its wood-containing trade products were certified by the international FSC system. However, following FSC's exit from the Russian market, 42% of its wood-containing product purchases were certified.
The company's focus on sustainability extends beyond its products. "Leman PRO" conducts social audits of private label suppliers, ensuring compliance with various ESG aspects, from fire safety to worker rights. Moreover, all of its suppliers sign an ethics and responsible partnership code, outlining their commitments to environmental protection and human rights.
In terms of packaging, "Leman PRO" ensures that product packaging is recyclable, contains as much secondary raw material as possible, and develops recommendations for incorporating such materials into products.
The Russian government is also getting involved in the green movement. In 2022, the Russian government established a "green standard" (GOST R) for evaluating residential buildings. Participating in the green mortgage program can also offer benefits for developers, such as a 2% reduction from the current project financing rate, as demonstrated by the developer company "FSK Region" who received green mortgages for two objects from "DOM.RF" in 2022.
The St. Petersburg Exchange is considering the possibility of organising trading in green certificates, financial instruments that confirm companies' use of renewable energy sources. The first private deal of buying green certificates took place in 2024.
It's worth noting that between 2022 and 2024, there were 17 issues of ESG bonds and one ESG digital financial asset, totalling 190 billion rubles. Uralchem, another company making strides in sustainability, has a certificate of conformity with 'Improved Characteristic Mineral Fertilizers' and can carry the 'Green Standard' trademark.
As for green building standards and their enforcement in Russia, the exact current standards and enforcement mechanisms specific to Russia are not detailed in the search results provided. However, it's likely that Russia follows a regulatory framework combining national building codes with green standards, possibly influenced by international certifications such as LEED or Russian national standards like GOST or SP standards. Enforcement for residential buildings is usually conducted through local and federal authorities who review permits, inspections, and compliance with energy efficiency, materials, and environmental impact requirements.
In conclusion, companies like "Leman PRO" and government initiatives are driving Russia's sustainable development efforts. As the country continues to invest in green technologies and practices, it's exciting to see the progress being made and the positive impact on the environment.
- The renewable-energy industry in Russia is expanding, with companies like "Leman PRO" and government efforts, such as the green mortgage program, fostering the use of green certificates in the finance sector.
- "Leman PRO" is not only focused on renewable energy sources but also environmental protection and social responsibility, implementing practices like certified wood products, social audits of suppliers, and responsible packaging.
- The environmental-science sector plays a crucial role in guiding sustainable development efforts in Russia, as companies work to improve product offerings, reduce their carbon footprint, and adhere to green building standards that align with international certifications like LEED and local standards like GOST or SP.
