Sberbank is guiding Moscow’s electric transport toward renewable energy to meet ESG ambitions. A collaboration agreement has been signed among Sber, State Unitary Enterprise Mosgortrans, TGC-1, and the Moscow Transport Innovation Fund to promote low-carbon electricity, reduce greenhouse gas emissions, pursue sustainable development goals, and expand the use of power generated by hydroelectric plants. (Sberbank press release)
Under the agreement, Mosgortrans will buy from TGC-1 green certificates issued within Sberbank’s voluntary low-carbon energy certification framework. These certificates verify that the electricity powering Moscow’s electric buses comes from renewable sources and that its production does not release greenhouse gases into the atmosphere. (Sberbank press release)
Mikhail Susov, Director of Sberbank Real Estate and Operations, underscored the ESG agenda as a strategic priority for the bank. He described today’s accord as a significant step toward carbon neutrality for Moscow. (Sberbank press release)
Susov highlighted Sber’s consistent implementation of its ESG transformation strategy, noting it positions the bank as a leader in the national sustainable development effort. (Sberbank press release)
He explained that the low-carbon energy certification system created by Sber will assist partners in achieving ambitious environmental goals through green certification tools, improving the environmental footprint of Moscow’s electric fleet and creating more comfortable living conditions for residents. (Sberbank press release)
The importance of bringing participants together in the green energy market was also stressed. According to Sber’s vice president, new market entrants will pursue collaboration and partnerships rather than competing for customers from generation to generation. He added that this cooperative momentum, guided by state oversight, is crucial for market development. (Sberbank press release)
Moscow Deputy Mayor for Transport Maxim Liksutov noted that an electric bus emits 145 times fewer harmful substances per passenger than a diesel vehicle. With the scale of electric bus use in Moscow, the city has emerged as a regional leader across Eurasia. (Sberbank press release)
To further reduce the environmental impact of public transport, the city decided to switch to green energy. Liksutov stated that Sber’s green certificates will confirm that Mosgortrans now uses electricity with a low carbon footprint. (Sberbank press release)
The Moscow Foundation for Transport Innovations led the implementation of the sustainable development strategy to reduce emissions and participate in Moscow’s green certification program for transport. (Sberbank press release)
Sber’s voluntary low-carbon energy certification records the production facts and verifies consumption levels through green certificates. This system offers Russian firms a transparent, effective way to cut greenhouse gas emissions and align with national and global reporting standards. (Sberbank press release)
These green certificates are attracting investments in low-carbon and renewable energy projects across Moscow, the Central and Northwestern Federal Districts. Although the program began just a short time ago, more than 40 Russian companies have already acquired hundreds of thousands of Sber green certificates, with seven production entities audited and certified as green energy suppliers. (Sberbank press release)