Denis Sverdlov, CEO of electric car manufacturer Arrival, former Deputy Minister of Communications of Russia, topped the first Forbes rating of impact investors — businessmen who donate and invest money to reduce the negative consequences for society and the environment.
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Since 2010, the entrepreneur has spent $ 5.65 billion on charity, social and environmental projects. The magazine notes that the manufacturer of commercial electric cars Arrival is completely “green” – from the waste-free production of electric bus bodies from thermocomposite fabric to the disposal of the product and the use of batteries after operation.
Impact investments, or socially transformative investments, are aimed at social change. In the classification of social projects developed by the Moscow School of Management Skolkovo, such investments are between philanthropy and socially responsible business and imply a certain rate of return, but it is the social impact that remains the priority.
When compiling the list, Forbes used data provided by 31 participants in the ranking of the 200 richest businessmen in Russia. The magazine has calculated their expenses for charity, social projects, environmental protection since 2010.
The head of USM Holdings, Alisher Usmanov, is in second place, having spent $2.99 billion on such projects, and Viktor Vekselberg, chairman of the board of directors of Renova, is in third place, having invested $2.53 billion in socially transformative projects.
In early August, Izvestia wrote that Russia and Asian countries would develop a common standard for “green” projects, for which a single methodological center for “green” taxonomy would be created. This idea of the Russian side was supported by the Asian Parliamentary Assembly. A single standard should attract investors to the “green” projects of the regions – they will know in advance where they are going and how the money they invested is being used. Russian cooperation will allow attracting money from Asian companies. The Ministry of Economic Development saw such interest in five countries – members of the APA – the Emirates, Saudi Arabia, Kuwait, Bahrain and Oman.