The Expert RA rating agency assigned DOM.RF an ESG-II (a) rating, which corresponds to a very high level of compliance with interests in the field of sustainable development when making key decisions. The rating outlook is stable. The analysis was carried out on the basis of consolidated information for the DOM.RF group.
The result is due to the high level of integration of ESG principles into the work of the group with a focus on national and international principles and best practices in the field of sustainable development. Since 2022, DOM.RF has adopted a sustainable development policy that affects all aspects of its activities. The DOM.RF portfolio is characterized by significant volumes of green financing for housing construction projects (over 300 billion rubles), social financing (more than 200 billion rubles), significant investments in human capital and the socio-economic development of the country.
Starting from 2021, DOM.RF reporting on sustainable development is being prepared (from 2022, disclosed), taking into account Russian and international principles and standards for the preparation of non-financial reporting.
“The first ESG rating for DOM.RF was obtained immediately at the maximum level for Russia. Today, the environmental component of our activities is not just words, but the development of a green agenda throughout the country. We have created Russia’s first standard for green housing construction, finance energy-efficient construction, and launched an important subsidy program for the regions that encourages green projects. The rating also notes our social orientation both nationally (educational programs, financing of social projects) and for the team (comfortable working conditions, effective risk management and corporate governance). We will continue this work, stimulating the market to improve people’s quality of life,” said Vitaly Mutko, CEO of DOM.RF.
In 2023, the Development Institute allocated 2.6 billion rubles. to subsidize project finance rates for developers in 39 regions with low supply levels, including an additional subsidy for the construction of both energy efficient and green houses. DOM.RF has developed the first national standard for the construction of green apartment buildings in Russia (GOST R for MKD), approved in 2022, and a similar document for individual housing construction.
In 2023, the DOM.RF group placed ESG bonds totaling RUB 80 billion, or more than half of all ESG bonds placed in Russia.
The Group is a participant in a wide range of sponsorship and charity projects, employees participate in various volunteer programs.
Expert RA has established a stable forecast for the rating, which suggests a high probability of its maintaining at the current level over a 12-month horizon.
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