State Development Corporation VEB.RF
State Development Corporation VEB.RF, headquartered in Russia, plays a pivotal role in the country's economic landscape. Established in 2017, VEB.RF focuses on fostering sustainable development through investment in key sectors such as infrastructure, innovation, and industry. With a strong presence across major operational regions in Russia, the corporation aims to enhance the national economy by supporting large-scale projects and public-private partnerships. VEB.RF offers a range of financial services, including project financing, investment management, and advisory services, distinguished by its commitment to social and environmental responsibility. The corporation has achieved notable milestones, positioning itself as a leader in promoting economic growth and technological advancement. Through its strategic initiatives, VEB.RF continues to contribute significantly to Russia's development goals, reinforcing its status as a vital player in the state development sector.
DitchCarbon Score
How does State Development Corporation VEB.RF's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
State Development Corporation VEB.RF's score of 14 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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State Development Corporation VEB.RF's reported carbon emissions
In 2020, State Development Corporation VEB.RF reported total carbon emissions of approximately 253,100,400 kg CO2e, comprising about 7,203,200 kg CO2e from Scope 1 emissions and about 246,868,200 kg CO2e from Scope 2 emissions. This data indicates a significant reliance on energy consumption, as reflected in the high Scope 2 emissions. Comparatively, in 2019, the corporation's emissions were approximately 260,422,000 kg CO2e, with Scope 1 emissions at about 9,222,400 kg CO2e and Scope 2 emissions at about 251,198,600 kg CO2e. The 2018 figures show even higher emissions, with a total of approximately 232,430,800 kg CO2e, including about 12,423,800 kg CO2e from Scope 1 and about 220,192,800 kg CO2e from Scope 2. Despite these figures, VEB.RF has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The corporation's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, while VEB.RF has made strides in reporting its emissions, the lack of defined climate commitments or reduction strategies highlights an area for potential improvement in its sustainability efforts.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
State Development Corporation VEB.RF is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
