The CSF's experts participated in the discussion of ESG-rating for the CIS countries

CSF Activities
Representatives of the Climate Security Fund took part in the discussion of the project of rating of entities and regions of the Commonwealth of Independent States. The event was held at the CIS Business Center for Economic Development. The practical purpose of the meeting was to discuss opportunities, problems and share expert opinion on rating of sovereign and sub-sovereign entities at the interstate level.
The event was attended by representatives of financial, scientific and analytical institutions, government and rating agencies.
"The meeting was very productive. Thanks to a wide variety of represented organizations, we managed to discuss key issues for solving the task. It turned out to be a great collective discussion of a multifactor problem. During the meeting, concrete steps were taken to create a working group that will directly develop a unified system of sustainable development indicators for the CIS regions," said Sergey Rafanov, Director of the Climate Security Fund.
The Fund has both experience and expertise in the field of forming sustainable development ratings. Last year, the organization's experts compiled an ESG-rating of Russian regions. It was based on the assessment of the compliance of regional authorities' decisions with the goals of sustainable development in the areas of ecology, economy, management and social policy.
"During the last meeting, we talked about our experience in compiling ESG-ratings and what pitfalls should be taken into account when developing ratings for territorial entities, for example, for territories of the second level of administrative division, as well as for the level of a sovereign state," explained Dmitry Karyakin, head of the Ecorating project of the Climate Security Fund.
The formation of such a rating is an ambitious goal. But to achieve it, it is necessary to understand the priority tasks of national states in the field of sustainable development.
"The main problems include providing real statistical data on territorial entities. In addition, it is also difficult to develop a single matrix of indicators that would equally reflect the necessary parameters for the states, taking into account their different administrative and economic structure," said Dmitry Karyakin.
In the near future, the working group is facing the task of forming a roadmap, which is yet to be approved by the Commonwealth states.