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40 140 Λ corporate social responsibility >>> SBERBANK Number of projects 170 YEARS. BY YOUR SIDE ANNUAL REPORT CONTRIBUTING TO THE ECONOMIC DEVELOPMENT OF THE COUNTRY 2011 repair work, ensuring comfortable living conditions for residents and implementing advanced IT solutions to handle utility payments and provide access to relevant sources of information. As of the end of 2011, Sberbank was involved in 30 major projects in the housing and utility sector worth a total of RUB 111.6 billion, of which RUB 38.3 billion is financed by the Bank's loans. CARBON FINANCE AND FINANCING ENERGY EFFICIENCY AND ENERGY SAVING PROJECTS According to Russian Government Decree dated 15 September 2011 No. 780 On Measures for the Implementation of Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change, Sber- bank performs the functions of a carbon units operator and ensures the financing of activities associated with their transfer and acquisi- tion. The Bank reviews applications from Russian investors to gauge eligibility for classification as joint implementation projects (projects implemented in accordance with Article 6 of the Kyoto Protocol) and for registration as such. In 2011, the Bank reviewed 20 applications involving the modernisa- tion of equipment in various sectors of the economy with total reduc- tions amounting to 56 million tonnes of CO2 equivalent. NUMBER OF JOINT IMPLEMENTATION PROJECTS BY SECTOR, 2010-2011 SECTORAL STRUCTURE OF CARBON EMISSION REDUCTIONS FROM PROJECTS SUBMITTED FOR APPROVAL IN 2011 % 1.8 0.9 17.6 40.6 40.6 Metals 39.1 Oil and gas industry 17.6 Energy 1.8 Timber industry 0.9 39.1 Cement industry In 2011, transactions involving some 20 million emission reduc- tion units were initiated by Russian investors, with their revenues exceeding EUR 150 million. EMISSION REDUCTIONS FROM JOINT IMPLEMENTATION PROJECTS APPROVED / SUBMITTED FOR APPROVAL IN 2010-2011, BY SECTOR Cement industry Waste processing Coal industry Hydropower 2 Chemical industry 2 Housing and utilities 3 Timber industry 5 Energy 9 Metals 14 Oil and gas industry 15 0 2 4 6 8 10 12 14 16 million tonnes of CO, equivalent Cement industry 0.5 Waste processing 1.0 Coal industry 1.1 Hydropower 4.7 Chemical industry Housing and utilities 1.0 Timber industry 3.8 Energy 12.3 Metals Oil and gas industry 41.3 40.9 42.2 0 5 10 15 20 25 30 35 40 45 Overall emission reductions from joint implementation projects ap- proved or submitted for approval in 2010-2011 amounted to 149 million tonnes of CO2 equivalent; of this amount, 28 million tonnes of CO2 equivalent was issued as emission reduction units (with some 24 million tonnes transferred to foreign customers). 170 YEARS. IT'S JUST THE BEGINNING WWW.SBERBANK.RU 141 Λ corporate social responsibility

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