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Standard Ethics cuts Russia sustainability rating to lowest rung -Breaking

by Mike Robinson

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© Reuters. Russian Army’s military vehicle, bearing the letter Z, drives past an exhibit of a Soviet tank. It was displayed in this scene after Russian President Vladimir Putin ordered a military operation to be conducted in Ukraine. The incident took place in Armyansk in Crimea on February 24, 2022. REU

LONDON, (Reuters) – Standard Ethics, a sustainability ratings agency said Thursday that it had reduced the Russian Federation’s rating after the invasion of Ukraine.

Standard Ethics grades governments and companies on their environmental and social performance. Russia’s lowest score of “F” was given by Standard Ethics. This is defined as “Not Sustainable”.

According to a statement, it stated in part that today’s “serious armed violation” of Ukrainian sovereignty by Russia’s Federation was the result. It also reflected the significant international effects this had and the sanction approvals by all major democracies.

It stated that banks, securities funds, and issuers holding securities in Russia or major Russian companies could find their Standard Ethics Ratings (SERs) adversely affected.

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