Social Charter of Russian Business
Today the Social Charter of Russian Business is a platform for the development of corporate strategies, policies and practices in accordance with business sustainability objectives through effective ESG factors and risks management, meaningful cooperation with stakeholders while taking into account public interest and national sustainable development goals.
The Charter was endorsed by the business community. As of today, around 300 organizations, including companies, industry and regional business associations with a total of over 10 million employees, have joined the Charter.
The updated 2021 edition maintains continuity with previous editions. It includes current corporate practices, global and national trends and challenges related to corporate social responsibility and sustainable development, the climate agenda, and the improvement of ESG management by companies (environmental, social and corporate governance aspects of sustainable development). The principles outlined in the Social Charter are translated into an action framework. Therefore it can be viewed as a voluntary standard of responsible business conduct and as a guide for action.
The updated version of the Social Charter was developed with broad participation of business and expert communities at all stages. The Russian Union of Industrialists and Entrepreneurs invites representatives of the business community to join the Social Charter of Russian Business and to commit to voluntarily following the fundamental principles of responsible business conduct and integrating them in management decision-making processes.