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FEZ Grodnoinvest was the first among non-financial organizations of the Republic of Belarus assigned an ESG rating

On August 11, 2023, free economic zone Grodnoinvest was the first among non-financial organizations of the Republic of Belarus to receive an ESG rating. The analysis was carried out by the rating agency BIK Ratings, accredited by the National Bank of the Republic of Belarus. 

Based on the results of the analysis, FEZ Grodnoinvest was assigned a rating of A.esg (stable outlook), which indicates a high level of commitment to the principles of sustainable development when making key management decisions in the environmental, social and corporate areas.

We aim to maintain a dynamic rhythm of development
FEZ Grodnoinvest and the Grodno region, expand infrastructure and improve business conditions, provide the investor with comprehensive support at all stages of project implementation. The fulfillment of the set tasks is impossible without compliance with the ESG criteria and strategic planning. Therefore, we intend to develop the social and environmental agenda in FEZ, improve management practices for effective interaction within the framework of ESG factors.

Dmitry Rozhkov | Head of the administration of FEZ Grodnoinvest

The free economic zone Grodnoinvest is a unique complex of 12 investment sites in the Grodno region at the crossroads of international commodity and financial flows in Europe and Asia. Over the twenty years of operation, FEZ Grodnoinvest has transformed into a special business environment in which investors from more than 30 countries successfully implement their projects. 

Currently, FEZ Grodnoinvest is the leader among the FEZs of Belarus in attracting foreign investment and business efficiency. After a 20-year period of formation and development of FEZ Grodnoinvest, the time has come for a new strategic choice. It is due to modern global challenges, global business trends that are based on social and environmental responsibility, high expectations of investors in the field of corporate governance.

FEZ Grodnoinvest supports the modern understanding of the overdue transition from current planning to the formation of strategic development approaches based on the principles of ESG and sustainable development, recognizes the role of investment companies in the transition to more sustainable development models based on the integration of the latest technologies, environmental and social aspects in all areas activities, effective management of ESG risks.

In 2022 alone, the total amount of funds allocated by the administration of FEZ Grodnoinvest to environmental areas as part of the implementation of infrastructure projects exceeded 3.5 million rubles. During this period, residents of FEZ Grodnoinvest allocated about 12 million rubles to restore order and for protection of environment. 6 production and engineering facilities have been modernized at the FEZ enterprises, including the reconstruction of external water supply and stormwater drainage. New FEZ residents have been registered with innovative projects, including the production of ecological packaging. More details about the results of the impact of FEZ for 2022 can be found in a special section on the policy of FEZ Grodnoinvest in the field of ESG and sustainable development.