Glossary

ESG

Investing principles that prioritise environmental, social, and corporate governance principles.

Green bonds

Bond issues whereby the proceeds are exclusively applied to finance or refinance, in part or in full, new and/or existing eligible green projects and which are aligned with the core components of the green bond principles. The latter are considered to mean the Green Bond Principles developed by the International Capital Market Association, as well as the sustainable financing requirements, set out in the Russian Federation Government’s Decree No. 1587 dated 21 September 2021 On Endorsing the Criteria for Eligibility Review and Verification of Sustainable Development Projects (Including Green Projects) in the Russian Federation.

GRI, GRI Standards

Sustainability reporting standards developed by the Global Reporting Initiative (known as GRI), an international independent standards organisation.

ICMA

The International Capital Market Association

Indirect greenhouse gas (GHG) emissions

Emissions that result from the reporting organisation's activities but are actually emitted from sources owned by other entities.

Scope 2 GHG emissions are indirect greenhouse gas emissions that result from the consumption of electricity, heat or steam purchased from external generating entities.

Scope 3 GHG emissions are other indirect GHG emissions that result from the mining or production of purchased materials, fuels or services, or their transportation by facilities not owned/ controlled by the reporting entity, or from the activities of external contractors, or waste disposal or other activities.

IOSCO

The International Organization of Securities Commission

IT 

Information Technologies

PRI

Principles of Responsible Investment – UN initiative to promote responsible investment principles.

SASB

Sustainability Accounting Standards Board

SASB Professional & Commercial Services, Sustainability Accounting Standard

Sustainability accounting standard for providers of professional and commercial services, developed by the SASB

SME

Small & Mid-Size enterprises

Social bonds

Social Bonds are any debt instruments where the proceeds are exclusively applied to finance or refinance, fully or in part, new and / or implemented social projects and which are aligned with the key social bond principles and / or the Social Project Taxonomy. The social bond principles are considered to mean the Social Bond Principles, developed by the International Capital Market Association. The Social Project Taxonomy means the social project eligibility criteria approved by the Russian Federation Government Decree No. 1587 dated 21 September 2021 On Endorsing the Criteria for Sustainable (Including Green) Development Projects and Requirements for Verification of Sustainable (Including Green) Development Projects in the Russian Federation.

Sustainable Development Sector

The initiative of the Moscow Exchange and the Ministry of Economic De-velopment of the Russian Federation, aimed at promoting fund-raising by companies implementing projects of an environmental or social nature.

UN SDG

The UN Sustainable Development Goals