On November 27, Business Development Director on Sustainability of Fanda, Polina Saveleva, shed light on the pivotal role of Environmental, Social, and Governance (ESG) factors, at the Chapter Zero Uzbekistan Conference workshop on integrating ESG into Investor Relations.
With a rich history of introducing sustainable development practices since 2016, Fanda has been instrumental in aligning companies with societal needs, employee expectations, investor demands, and environmental preservation.
Fanda, renowned for its 23 years of experience, operates at the nexus of Annual and ESG Reports, offering a suite of services encompassing corporate reporting, sustainability, and ESG consulting. With a global footprint, Fanda supports companies at various developmental stages, contributing to their enhanced ratings and reputations.
Navigating the ESG Landscape
Savelyeva delved into the motives driving ESG transformation, emphasizing the importance of aligning sustainability practices with a company's business model and strategy. The advantages of integrating ESG factors into business activities are multifaceted, ranging from forming a socially and environmentally responsible brand to boosting investment and HR attractiveness.
Stages of ESG Development
The journey of ESG transformation involves three distinct stages. Savelyeva outlined the initial stage, characterized by separate environmental and social initiatives, and contrasts it with the maturing phase, where companies adopt strategic documents, conduct educational programs, and obtain ESG ratings. The evolution of the ESG agenda in Uzbekistan's key sectors, including oil and gas, metallurgy, retail, banking, and transportation, was also explored.
Recommendations for early ESG Development
Savelyeva offered practical recommendations for companies in the early stages of ESG development. These include raising awareness through educational initiatives, mapping stakeholders, assessing risks and opportunities, conducting a significance assessment, and formalizing top-management decisions on ESG integration.
Key Steps for ESG Transformation
For companies initiating ESG transformation, Savelyeva suggested key steps, such as conducting an ESG diagnosis, adopting ESG documents, identifying significant topics in collaboration with stakeholders, analyzing practices against international standards, and developing a corporate document on ESG and sustainable development. Savelyeva, also emphasized the creation of spaces for collaboration, promoting better practices in every aspect.
Navigating the IPO journey in Uzbekistan
Fanda's report presented on November 27, at the Chapter Zero Uzbekistan Conference workshop on integrating ESG into Investor Relations, showed the insights provided by Andrey Kozhevnikov, CEO of Fanda, a prominent player in the field of corporate reporting, sustainability, and ESG consulting. Fanda's approach aims to enhance the investment attractiveness of companies, both before and after an IPO, through a multifaceted strategy.
Sustainability and ESG Consulting
Recognizing the global shift towards sustainable development, Fanda offers expert consultants to guide companies on their journey. These consultants provide key information and develop strategies, policies, roadmaps, KPIs, and other essential tools to ensure compliance with best practices. Fanda's expertise covers the CIS, Europe, and the Middle East, catering to diverse business environments.
Corporate Communication Tools
Fanda's proficiency extends to corporate communication tools, empowering clients with a complete range of communication resources to interact with investors and other stakeholders effectively. This includes website development, interactive tools, newsletters, presentations, and more.
Preparations Before IPO
For companies contemplating an IPO, Fanda provides a checklist for urgent actions, including the creation of a full-fledged IR function, forming a communication working group, developing a communication strategy, and appointing speakers from the company. These proactive measures set the stage for effective communication with various stakeholders.
Annual Reports and Sustainability Reports
Fanda emphasizes the importance of annual reports as a panoramic overview of the company's performance throughout the year. These reports, which extend beyond financial figures, include management messages, market overviews, investment programs, and analyses of operational and financial results. Additionally, sustainability reports offer a broader perspective, focusing on topics significant to stakeholders.
Databook as a Reporting Foundation
The databook, a critical reporting tool, facilitates data collection, and verification, and serves as the basis for press releases and media commentary. It includes financial indicators, operating results, information on assets and investment projects, and various other relevant data.
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