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UN Global Compact Russia




New Guidance on Blue Bonds to Help Unlock Finance for a Sustainable Ocean Economy

The International Finance Corporation (IFC), a member of the World Bank Group, together with the International Capital Market Association (ICMA), United Nations Global Compact (UN Global Compact), United Nations Environment Programme Finance Initiative (UNEP FI), and the Asian Development Bank (ADB) have developed a global practitioner's guide for bonds to finance the sustainable blue economy. 

Released today, the voluntary guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances. Gathering input from the financial markets, ocean industry and global institutions, it provides information on the key components involved in launching a credible “blue bond,” how to evaluate the environmental impact of “blue bond” investments; and the steps needed to facilitate transactions that preserve the integrity of the market.  

The new global guidance helps: 

• Define blue economy typology and eligibility criteria;
• Suggest key performance indicators; 
• Showcase latest case studies from the field; and 
• Highlight the critical need for increased financing to achieve Sustainable Development Goal 14, and other global sustainability targets.

High-Level Political Forum 2023

10-19 July 2023, New York, USA

The High-level Political Forum on Sustainable Development (HLPF)  helds from Monday, 10 July, to Wednesday, 19 July 2023, under the auspices of the Economic and Social Council . This includes the three-day ministerial segment of the forum from Monday, 17 July, to Wednesday, 19 July 2023 as part of the High-level Segment of the Council. The last day of the High-level Segment of ECOSOC will be on Thursday, 20 July 2023.
The theme is "Accelerating the recovery from the coronavirus disease (COVID-19) and the full implementation of the 2030 Agenda for Sustainable Development at all levels”.
The HLPF in 2023, without prejudice to the integrated, indivisible and interlinked nature of the SDGs, also reviews in-depth Goals 6 on clean water and sanitation, 7 on affordable and clean energy, 9 on industry, innovation and infrastructure, 11 on sustainable cities and communities, and 17 on partnerships for the Goals.

Localization of the SDGs in Russia and Beyond: Lessons Learned at the Mid-Point on the Way to 2030

12 July, 2023, New York, USA

July 10 -19, 2023 the annual High-Level Political Forum on Sustainable Development takes place in New York.

In 2023, the global community is standing at the mid-point on the way to 2030 being far off track to achieve the Sustainable Development Goals. Getting back on track will require comprehensive efforts including at the local level to ensure access to technology and innovation, mobilize financial resources, and strengthen public-private partnerships while taking into account integrated and indivisible nature of the Goals and seeking to balance economic, social and environmental dimensions of sustainable development. HLPF-2023 aims at evaluating the progress made by countries in achieving the SDGs.

July 12, 2023 at 15:00-16:30 (Moscow time) with the use of online-broadcasting on Zoom Platform Ministry of Economic Development of the Russian Federation, Accounts Chamber of the Russian Federation, with the support of the Permanent Mission of the Russian Federation to the United Nations, as well as with the participation of the UN Global Compact Network Russia jointly organized a side event at the sidelined of the High-Level Political Forum 2023. The event’s topic focuses on the SDGs implementation in Russia and Beyond.


Metalloinvest has published its 2022 Sustainability Report

July 3, 2023

Metalloinvest has published its 2022 Sustainability Report "True to Ourselves in All Circumstances".
Despite the changes that are taking place in the global economy, the company remains open and committed to the ESG principles and systematic work in the key areas of sustainable development. And it's paying off.
In 2022, Metalloinvest improved its sustainability rating from ISS ESG to C+, confirmed its "silver" level in the EcoVadis rating and was ranked fifth out of 138 companies in the steel industry by Sustainalytics.
AK&M Sustainability and Nature Conservation research showed Metalloinvest to be the best among ferrous metallurgy companies.

To view the full version of the Report, please visit the Company's website.

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Joining the Global Compact Network Russia – the Association “National Network of the Global Compact” – opens for the UN Global Compact participants additional opportunities – those mentioned above and stated below.