During a panel discussion on Wednesday, 9 June entitled “Board challenges in tackling climate change in Emerging Markets”, Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, highlighted key areas to promote positive boardroom action on climate change. Organised by the Climate Governance Initiative (CGI) Russia, a local chapter of the World Economic Forum’s Climate Governance Initiative, in collaboration with Sber, the panel discussion welcomed senior representatives of international corporations that have been taking effective action in the fight against climate change.

In his remarks, Benedikt Sobotka, CEO of Eurasian Resources Group and Co-Chair of the Global Battery Alliance, emphasised that due to their global footprints and extensive resources, international businesses like ERG have a socio-environmental obligation to be highly engaged in helping support the Paris Agreement Goals. He highlighted that one of ERG’s key priorities is helping the transition to a low-carbon economy. This is at the heart of its global collaborative efforts with private and public sector stakeholders at the Global Battery Alliance. Providing some examples of successful sustainability practices, Mr Sobotka highlighted the recent establishment of a dedicated ESG Committee at ERG to ensure sustainability targets are firmly embedded into the Group’s strategy and decision-making processes.

Benedikt Sobotka said, “Business sustainability has come a long way and become a strategic concern for boards and C-suites, which increasingly see sustainability as a crucial aspect of business success. Facilitating climate change mitigation and reinforcing our sustainability practices has been a focus for the Group for many years, and we are pleased to have shared some of our experience with other established industry leaders on the panel.”

The panel discussion was moderated by Ayuna Nechaeva, Head of Europe at the London Stock Exchange.

Other panellists included Alexander Vedyakhin, First Deputy Chairman of the Executive Board at Sberbank; Silvio Dulinsky, Head of Business Engagement, Latin America at the World Economic Forum; Silvia Stefini, Non-Executive Independent Director at Italgas and Falck Renewables, and member of the Steering Committee at Chapter Zero Italy; Tarcila Ursini, Independent Board Member at Grupo Korin and Independent Board Member, Sustainability and People Committees at Agrogalaxy SA; and Fan Fu, President and Executive Director at China Pacific Insurance Co., Ltd.