ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, was among 160 businesses to receive a rating in RAEX’s ESG ranking of Russian companies.
Having released its first-ever ESG report this year, detailing its strategy and performance in the three main areas of the sustainability agenda, Etalon Group obtained a high rating of BB and was among the top 50 companies in the ranking.
Companies were evaluated on the basis of more than 200 criteria relating to compliance with best practices in the areas of environmental protection (E), social initiatives (S) and corporate governance (G). Of these, around 150 criteria applied to every company regardless of the nature of its business, while the remainder were industry-specific.
Commenting on the Company’s high ranking, Etalon Group CEO Gennadiy Shcherbina said:
“We are developing our ESG efforts as a practical tool to improve our business processes at the design, construction and operations stages, as well as those processes that support various functions within the Company. In 2022, we delivered excellent sustainability results and published our first stand-alone ESG report, leading to our high position in the ranking and a rating of BB. Inclusion in the ranking reflects a high regard for social responsibility, compliance with best practices in terms of environmental protection and a high level of corporate governance.
“We plan to further develop our ESG initiatives: to increase the transparency of corporate governance; to expand programmes to support local communities, given our expansion into new regions; to develop our collaboration with universities to train personnel to work in the construction industry; and to further reduce our carbon footprint thanks to the development of 15-minute-city projects, the incorporation of resource-efficient solutions, the optimisation of logistics chains and the development of state-of-the-art modular housing construction technology.”
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.