Sergey Sidorkin


Social and Economic Policies of Regions Deputy Director on Socio-Economic Projects, PhD (Politics)
IMC Montan

Sergey graduated with honours from the department of history at Chelyabinsk State University with specialization in political science; and a post-graduate course at the public policy chair of the department of philosophy at Lomonosov Moscow State University as a PhD, political sciences. Sergey has expertise in the area of strategic planning, Investor Relations, Public Relations, Risk Management. Sergey has been working in IMC Montan since 2011 and is involved in the preparation of Terms of Reference, quality control, project co-ordination, liaison with the state authorities, market research, preparation of social and economic sections of mining project reports (risk assessment, assessment of project performance, analysis of legal and regulatory framework).

Session 4
06 April 2022 / 15:30 - 16:30 | Sary Arka 1

Role of Non-Environmental Factors in the ESG Agenda

As the impact of non-financial factors on asset management and investment assessments grows, the issues of correlation of the significance and role of environmental, social and management aspects are raised more and more often. According to various surveys, most investors believe the environmental factors to be the most important in the ESG framework. The current situation is rather related to a number of recent trends and the existing constraints with regard to the access to social and corporate data than to objective assessment of various factors of enterprises’ activities. Nevertheless, the increasing number of global and cross-sectional studies of non-financial aspects of the recent years doesn’t demonstrate a smaller significance, but in some cases indicates to a larger significance of non-environmental factors, which are often neglected:

1) Although the three-lettered acronym prompts to address the ESG factors on an equal basis, the systematic assessment demonstrates a completely different role of each aspect in business processes; while E and S measure the environment, G describes internal processes, including those, producing an impact on the significance of environmental aspects;

2) Non-environmental factors traditionally and rightly attract more attention in the course of risk assessment, compared to environmental factors;

3) In the long run the role of non-environmental factors is likely to enhance;

4) While environmental factors are mostly oriented on mitigation of the adverse impact, social and corporate aspects are directly related to the added value, which is more in line with the goals and objectives of any business.

Session 10
07 April 2022 / 16:30 - 18:00 | Sary Arka 1