A meeting of the expert center on ESG transformation of Business Russia took place on October 12. It was attended by representatives of the Novostal-M Metallurgical Holding.

ESG are the principles governing the company's operation. They are based on protecting the environment, creating favorable social conditions, and treating employees and customers in good faith.

To date, the expert council is developing a National ESG Standard for small and medium-sized enterprises which will allow implementing ESG practices with minimum financial and labor resources.

A uniform document will allow to streamline the evaluation criteria which are currently disparate and to unify the approach to sustainable development in Russia, as well as to involve small and medium-sized businesses.