Ukrzaliznytsia has published an Integrated Report (ESG-report) for 2020
Ukrzaliznytsia has published an Integrated Report (ESG-report) for 2020. Why is this important for company reform?
Integrated report – comprehensive, meets the requirements of International Financial Reporting Standards, GRI Standards, ESG and UN Sustainable Development Goals, Ukrainian legislation and the Corporate Governance Action Plan of JSC “Ukrzaliznytsia”, informs Railway Supply magazine with reference to Igor Kotelianets
This is the embodiment of Ukrzaliznytsia’s aspirations to be transparent, open and understandable to all stakeholders, on whom the success of our changes depends.
“I am proud that our team of the Department of Sustainable Development and Internal Communications implemented this project independently, without external support, saving the company more than a million hryvnias. This is the first experience in UZ, which we dared given the difficult financial and economic situation in the company in 2020. Annually integrated reports on GRI Standards are issued by tens of companies in Ukraine and tens of thousands – around the world. ESG reporting is a necessary condition for any company that is interested in attracting foreign investment and is the best way to most fully disclose information about the company’s activities”, said Ihor Kotelyanets.
Ukrzaliznytsia was the first quasi-sovereign company to raise $ 300 million in unsecured financing during the COVID-19 pandemic by issuing 5-year Reg S bonds. Investors showed a high interest in financing the Company and Ukrzaliznytsia’s disclosure of ESG aspects of its activities through the Integrated Report became one of the important factors influencing investors’ decisions.
You can get acquainted with the English versions of the Integrated Report (ESG-report) of JSC “Ukrzaliznytsia” for 2020 here:
Related:Facebook, Twitter, LinkedIn, read Railway Supply magazine online.