bne_newspaper_July_12_2019

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Content:
2 Top Stories
8 The Regions This Week 12 Chart
14 bne Invest
17 Central Europe
18 Southeast Europe 19 Eastern Europe 22 Eurasia
23 Opinion
28 bne Tech
July 12, 2019 www.intellinews.com
Russian companies scramble to improve their ESG scores or face losing investors
Ben Aris in Berlin
Climate change and the expanding global population are changing the way investors
think about long-term returns. The prospect of
an environmental disaster is changing public perceptions too. The population is becoming more demanding, changing they way they shop and invest. The emphasis is shifting away from making simple profits and towards sustainability. This is a slow moving change, but one with the momentum of a glacier. Governments are being forced to
Sberbank and Yandex e-commerce JV may end in divorce after only one year
bne IntelliNews
Yandex and Sberbank's joint venture projects already accounted for nearly 10% of the estimated value of all online retail turnover at the end of 2018, or RUB1,150bn.
It was supposed to be Russia’s e-commerce powerhouse, but only a year after they tied the
react. New rules are on the way that will demand investors not only consider the bottom line or return on investment (ROI), but also force them to take account of a company’s environmental, social and governance (ESG) performance.
Investors have always talked about the need for good corporate governance, but that talk is
See page 2
knot the joint venture between Russia’s state- owned retail banking behemoth Sberbank and the leading tech company – not just in Russia, but all of Europe – Yandex looks like it is going to break up in divorce.
See page 6