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Uralsib Becomes First Russian Bank to Get Top International Rating for CSR

March 21, 2007 | Novecon

Uralsib Financial Corporation has become the first Russian company to gain the coveted top international rating for corporate social responsibility. The award of a 'B+' rating marks a new milestone in the maturity of the Russian banking sector.

Uralsib received the outstanding rating after preparation of the audited 2005 CSR report tailored in accordance with the reporting principles set out in the Global Reporting Initiative (GRI) Guidelines G3. The report was audited by PricewaterhouseCoopers and evaluated at 'B+'.

"Uralsib Social Responsibilities Report reflects the Corporation's commitment to transparency in managing its internal processes and openness in external interaction. We see that the Corporation is focused on delivering corporate responsibilities performance that reflects the key strategic business priorities. The Principles of Corporate Social responsibilities are integrated in the business processes of the Corporation," said Marcus Nothiger, director, PricewaterhouseCoopers, Switzerland, who headed the audit. First CSR report has been prepared by Uralsib Financial Corporation in 2004.

The auditors acknowledged the effectiveness of the internal systems and processes within the Corporation and confirmed the quality of the information used.

Company: FC URALSIB

Full company nameJSC Financial corporation Uralsib
Country of riskRussia
Country of registrationRussia
IndustryFinancial institutions

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