Russian industries get in on the act

It is interesting to see how much impact bank driven initiatives can have, clearly more and more project sponsors are starting to recognise that they need to manage their environmental risks in order to attract lenders.

While Russian industries are still major polluters, they have made huge strides toward environmental responsibility as they seek Western funding, the World Bank said Tuesday.

A new World Bank report, based on government statistics, tracks companies’ environmental progress from 2000 to 2003 and will be updated each year.

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