Most of Europe’s largest 50 banks have rejected EACOP oil pipeline
• Largest European banks not to have ruled out EACOP finance are Lloyds, UBS, Caixa Bank, Danske Bank, Sberbank and Commerzbank.
Website | http://www.sbrf.ru/en/ |
Headquarters |
19 Vavilova St
117997 Moscow
Russian Federation
|
CEO/chair |
Herman Gref CEO |
Supervisor | |
Ownership |
listed on Moscow Interbank Currency Exchange & Russian Trading System
The Russian Ministry of Finance is the principal shareholder of Sberbank, holding 52.3% of the share capital. Sberbank's complete shareholder structure can be accessed here. |
Subsidiaries |
Sberbank Europe AG – Switzerland
|
Sberbank is the largest bank in Russia and the former Soviet Republics. Sberbank is the biggest taker of deposits in the country and the key lender to the national economy. Its investment portfolio contains significant lending to oil, natural gas and mining projects. The bank has a large international presence, for instance in Central and Eastern Europe and has offices in Germany, China and India. The Group's corporate and investment banking business (Sberbank CIB) has offices in New York, London and Nicosia specialising in brokerage and dealer services in foreign markets.
Sberbank's most important sustainability commitments can be found at the website sections listed below.
Sberbank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Sberbank's link to these deals.
Sberbank does not operate a complaints channel for individuals and communities that may be adversely affected by its finance.
This page evaluates Sberbank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Sberbank’s fossil fuel policy below.