Investor Presentaiton
Strong focus on ESG considerations
Fiscal Transparency:
According to the U.S.
2020 Fiscal Transparency
Report, Ukraine
demonstrated significant
progress in fiscal
transparency by
completing its adoption of
international accounting
standards.
During the review period,
the government made its
budget and information on
debt obligations widely and
easily accessible to the
general public, including
online. Budget documents
provided a substantially
complete picture of the
Ukraine in ESG ratings: WGI 2018 percentile rank
Voice and
Accountability
Government
Effectiveness
60
40
Higher better
Lower worse
20
Regulatory
Quality
Egypt
Nigeria
Turkey
Ukraine
Rule of Law
Ukraine in ESG ratings: HDI 2018 ranking position
Strong focus on environmental responsibility
Ukraine has committed to the Green Energy Transition concept
with key 2050 targets including:
Increasing renewable energy share in the national energy
balance up to 70% by 2050
Decreasing coal energy share and full replacement of coal-
fired power plants by 2050
Further reduction of nuclear generation to 20-25%
Full integration of the Ukrainian United Energy System into
the pan-European ENTSO-E system
Environmental Performance Index 2020 ranking
20
20
26 32 35 37 41
60 62
94 99 100 102
JP Morgan ESG Index (JESG):
government's planned
expenditures and revenue
streams.
33
51
59
69
70
88
94 106 109 111 116 121
CZE SVK ROU LTU POL BGR UKR ALB EGY TUR MAR GEO
RES installed capacity dynamics as of eop, MW
POL ROU TUR ALB GEO UKR MNG MDA UZB ZAF EGY MAR
SPPS
mini-HPPS
WPPS
■Biomass and Biogas
6 379
114
1 170
Ukraine sovereign JESG
country score is 38.65
(Band 4, inheriting 40% of
EMBIG Div market value),
as of end-May, and is
trending upward recently
toward 40. If JESG score
goes above 40, the country
will be upgraded to Band 3
(60% of base index market
value)
Sources U.S. Department of State,
World Bank, UNDP, Yale Center for
Environmental Law and Policy,
Ukraine's National Security and
Defence Council, EuroCape, SAEE,
NEURC
Worldwide Governance Indicators (WGI) from the World
Bank and Human Development Index (HDI) from UNDP
constitute an important basis for sovereign credit ratings
For both WGI and HDI, Ukraine performs in line with its
regional and rating peers:
•
Being in High Human Development group and
demonstrating consistent improvement since 2015
Showing relatively solid performance in WGI Voice and
Accountability, Government Effectiveness and
Regulatory Quality pillars
2 274
99
4 925
1 426
966
999
1 135
533
95
80
87
90
465
426
426
438
1 545
411
434
548
793
2014
2015
2016
2017
2018
2019
July 2020
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