sustainability
ESG focus areas
Environmental
stewardship
1.6
mln tonnes
of recyclable materials used in 2023
24.5
tonnes
collected via reverse vending machines installed
in our residential complexes in partnership with
Dobrye Veshchi
120
mln RUB
allocated for waste
management as well as wastewater collection and treatment in 2023
E
We are committed to minimising our environmental impact and optimise our business processes in accordance with our Sustainability Policy, adopted in late 2021.
We ensure the responsible use of resources, protect biodiversity and air quality, and properly dispose of waste in our operations. In addition to strict compliance with Russian environmental laws, we are taking additional steps to protect the environment, promote responsible consumption and encourage recycling.
1.6
mln tonnes
of recyclable materials used in 2023
24.5
tonnes
collected via reverse vending machines installed
in our residential complexes in partnership with
Dobrye Veshchi
120
mln RUB
allocated for waste
management as well as wastewater collection and treatment in 2023
ESG focus areas
Occupational safety
0
workplace injuries in 2023
88
%
average Safety Index score in 2023, 8 p.p. above our target
3.5
k.
hours of occupational safety training in 2023
2x year-on-year
S
The health and safety of our employees is one of our top priorities. We constantly monitor compliance with health and safety regulations and consistently enhance our safety systems. These efforts help us prevent accidents at our properties and protect the health of both our own employees and contract workers.
Our initiatives to improve occupational safety include occupational health and safety training, risk identification and assessment, additional equipment safety checks, injury prevention efforts and regular risk monitoring with the help our of our BIM-based Safety Index.
0
workplace injuries in 2023
88
%
average Safety Index score in 2023, 8 p.p. above our target
3.5
k.
hours of occupational safety training in 2023
2x year-on-year
ESG focus areas
Community support
1
ths students
design capacity of the educational institutions delivered in 2023
90
community events and development programmes in 2023
50
charitable
events in 2023
S
We support projects in the areas of education, the environment, cultural heritage and sports along with social welfare and charitable initiatives. Our goal is to facilitate the creation of a favourable environment for community health and economic growth in the regions where we operate.
In 2023, we opened three preschools and one secondary school at our Tarmo, iLona and Galactica residential complexes in St Petersburg.
Respect for the history and traditions of the places where we build properties is one of our fundamental principles. We take part in commemorative events to mark important dates in history, support veterans, and act as a partner for festivals and celebrations in the regions where we operate (Sabantuy, UenFest).
1
ths students
design capacity of the educational institutions delivered in 2023
90
community events and development programmes in 2023
50
charitable
events in 2023
ESG focus areas
Employee development and support
Gold category in Forbes’ ranking of the best employers in 2023
4.1
ths employees
took part
in our life and health insurance programme in 2023
35
ths hours
of employee training conducted in 2023
14
universities
and colleges partner with us to offer educational programmes and internships
S
The priorities outlined in our human resources policy include safeguarding the health and safety of our employees and providing equal opportunities for professional and career development.
We collaborate with leading universities with an industry focus: we collaborate in the development of programmes, conduct guest lectures, and host career fairs and other events on university campuses, and we also offer students opportunities to gain practical work experience with Etalon Group.
Safeguarding the health and safety of our employees is one the priorities of our human resources policy. We provide life and health insurance policies that cover around 4,000 employees.
4.1
ths employees
took part
in our life and health insurance programme in 2023
35
ths hours
of employee training conducted in 2023
14
universities
and colleges partner with us to offer educational programmes and internships
ESG focus areas
Development of corporate governance
4
out of
6
members of the Board of Directors are independent
0
cases
of corruption, discrimination or human rights violations in 2023
100
%
of counterparties have been familiarised
with the Group’s Anti-corruption Policy
G
We place a strong emphasis on business ethics, in particular on recognised principles of sustainability and corporate social responsibility.
We have the following documents in place that stipulate the main values and principles of corporate behaviour:
- Etalon Group Code of Business Ethics
- Regulation on Conducting Tenders
- Anti-corruption Policy
With a majority on the Group’s Board of Directors, independent directors ensure objective decision-making and protect the interests of all shareholder groups.
4
out of
6
members of the Board of Directors are independent
0
cases
of corruption, discrimination or human rights violations in 2023
100
%
of counterparties have been familiarised
with the Group’s Anti-corruption Policy
II
level
ESG Index of Russian Business
by the NCR rating agency
by the NCR rating agency
above-average rating
top
100
ESG ranking of Russian
companies (RAEX)
companies (RAEX)
No.
3
in the INFRAGREEN 2023
consolidated ESG index,
in the Construction
and Real Estate category
consolidated ESG index,
in the Construction
and Real Estate category
We were ranked in four ESG indexes or rankings,
with a total score of 67.48 points,
based on INFRAGREEN’s methodology
with a total score of 67.48 points,
based on INFRAGREEN’s methodology
No.
4
in a sectoral ranking of ESG transparency within Russian companies (construction of residential real estate)
Sustainability reports
Policies
ESG Policy
Etalon Group Code of Corporate Ethics
In the implementation of our Anti-corruption Policy, we are guided by the following principles:
01
We have a zero-tolerance policy throughout Etalon Group for any form of discrimination. In implementing our human resources, remuneration and social benefits policies, any preference based on ethnicity, gender, age or similar factors is prohibited.
02
Harassment in any form is prohibited, including sexual harassment and coercion in verbal, written, visual, physical or other form.
03
We ensure a comfortable working environment along with equal opportunities for employees to improve their skills and realise their potential.
04
We welcome work dynasties – professional continuity within families – but prohibit nepotism. We restrict cases where relatives work in direct or indirect supervisory relationships.
Regulation on Conducting Tenders
We select suppliers and contractors on a competitive basis. Ensuring fair competition is the fundamental principle behind the selection process:
01
We do not permit violations of antitrust laws, including cases of unfair competition.
02
We are committed to working with counterparties that have an impeccable reputation and comply with legal requirements and recognised standards of corporate and business ethics.
03
All candidates must undergo a standard vetting procedure. The requirements have been formalised and include the following:
- a proven track record of working with major construction companies
- the ability to supply high-quality materials and equipment and deliver work to a high standard
- strict adherence to deadlines
- sufficient human resources and appropriate production and technical facilities
- a solid business reputation
- compliance with regulatory requirements, including possession of the required licences and certifications
04
Group employees are prohibited from showing bias towards or creating advantages for particular suppliers or contractors. We have a standing Tender Committee in place that was designed to ensure open competition between counterparties and to determine the optimal terms and conditions of collaboration for Etalon Group. In addition to selecting tender winners, the Committee also appoints technical and economic experts for each tender.
05
We conduct selective audits of counterparties on a quarterly basis based on the following key criteria: quality, adherence to deadlines, safety protocols, fulfilment of contractual obligations, and the amount of receivables owing to Etalon Group. Contractors that fail to pass the audit are removed from the list of approved suppliers and are not considered for contracts for the next 12 months.
Anti-corruption Policy
01
Etalon Group employees comply with anti-corruption laws and regulations both in Russia and abroad.
02
We prohibit any form of unlawful influence on the decisions of government agencies, including bribery, offering inappropriate gifts, hiring the relatives of government officials and providing charitable or sponsorship assistance at the request of government officials responsible for making decisions that will affect our interests.
03
We do not participate in political activities, nor do we finance political organisations.
04
Employees are prohibited from representing the Company in business dealings with organisations with which they have a personal financial interest that is add odds with the Group’s interests (in particular, a significant ownership stake or managerial involvement on the part of the employee or members of their family).
05
Employees are prohibited from engaging in business or other commercial activities that are made accessible thanks to their position in the Company, including by leveraging Etalon Group’s business connections or opportunities.
06
Etalon Group employees are prohibited from accepting any form of money or monetary equivalents from third parties in connection with their professional duties.
07
The Company and its employees should avoid situations in which a conflict of interests could arise.
Contact Information
Investor Relations
and ESG Department
and ESG Department