
As it is stated in the Listing Rules of SPB Exchange, the Voshod (from the Russian word for “sunrise”) Segment and SME Segment welcome issuers. SPB Exchange is committed to narrowing the financial gap faced by SMEs. The most significant and specific of these challenges is the financial gap. Than 20%) and employers (more than 25%) to the overall economic activity, but more importantly, SMEs are a launchpad for any large and widely recognized business. SMEs in Russia not only constitute a significant portion as taxpayers (more We recognize the importance of SMEs for the Russian economy, for its day-to-day operations and its growth potential. SPB Exchange, we understand that ESG work never stops, and we are fully committed to achieve more in the future years of operation. This includes, among other things, our commitment to gender equality, composition of top management, independence of board members and protection of minority shareholder rights. The implementation of social sustainability and governance components are of no less In developing ESG objectives, SPB Exchange recognizes issues beyond environmental sustainability. SPB Exchange is committed to enable businesses of various sizes and markets to participate in determining the future of the planet through the creation of the necessary infrastructure and Support from the Bank of Russia has enabled market participants to form their own attitudes towards sustainable development goals and ESG financial products. ESG in Russia is still at an early stage, but SPB Exchange views ESG as a factor that can radically change the outlook and strategies of many companies in Russia and the rest of the world. The world’s largest economies - the United States, China, and theĮuropean Union, have already declared their commitment to sustainable development goals and have chosen to pursue carbon neutrality by 2050. The signing compelled SPB Exchange to further study the topic of ESG.

Our time, but without prejudice to future generations.


The Paris Climate Agreement, which Russia signed in 2016, laid the ideological and legal foundation for a new global redistribution of capital flows in favor of markets that meet the needs of
