MOEX Group’s approach to materiality
Determining material topics for the Report is an essential part of preparing non-financial statements as per the GRI Standards. The purpose of this procedure is to study and identify the economic, environmental, and social issues that are most impacted by Moscow Exchange on its stakeholders.
The new GRI standards that came into force required a new prioritisation of material topics based on a combination of negative and positive impacts on stakeholders. The Moscow Exchange Group Sustainable Development Goals Working Group (SDG WG), formed by the Executive Board’s decision of 16 November 2021 (Minutes No. 84), conducted a four-step procedure to identify material topics.
During the process of identifying material topics, the list of analyzed topics was reduced from 29 topics in the 2023 The matrix and the list of material topics for the previous reporting period may be found in Sustainability Report of Moscow Exchange 2023: https://sr2023.moex.com/en/ analysis to 25 topics. Based on the survey of 26 stakeholders representatives and the assessment of significance using the double materiality principle, conducted by seven executives of Moscow Exchange PJSC, 15 topics were identified as material based on their impact on stakeholders and their influence on the Group’s financial position. Considering the Group’s operational context, these topics were also deemed material in terms of GRI standards (based on the materiality of impacts on stakeholders). After prioritization, the list of material topics in the area of sustainable development was approved by the resolution of the Working Group on Sustainable Development Goals on April 6, 2025 (Protocol No. 6).
Impact | Level of Actual and Potential Positive and negative Impact | Level of Influence on Financial Result | Topic name | Impacted stakeholders | GRI and SASB standards |
|---|---|---|---|---|---|
8,3 | 4,0 | 4,3 | Information Security | Market participants and their clients | GRI 418: Customer Privacy (2016) FN-EX-550a.2 FN-EX-550a.3 |
7,9 | 4,2 | 3,7 | Sustainable Technological Development | Market participants and their clients Moscow Exchange shareholders and investors | FN-EX-410a.1 FN-EX-410a.2 FN-EX-550a.1 FN-EX-550a.3 FN-EX-000.A FN-EX-000.B |
7,7 | 4,1 | 3,7 | Compliance with laws and regulations | Regulators and state authorities (Bank of Russia, Federal Executive and Legislative Bodies) | |
6,7 | 3,5 | 3,2 | Quality of Corporate Governance | Moscow Exchange shareholders and investors | |
6,7 | 3,3 | 3,3 | Public and Regulator Policy Influence | Regulators and state authorities (Bank of Russia, Federal Executive and Legislative Bodies) Professional Associations, Development institutions and ESG-agencies | GRI 415: Public Policy (2016) |
6,6 | 3,7 | 2,8 | Development of business ethics and compliance culture | Employees Market participants and their clients | GRI 205: Anti-corruption (2016) GRI 206: Anti-competitive Behaviour (2016) FN-EX-510a.1 FN-EX-510a.2 |
6,0 | 3,3 | 2,7 | Management of sustainability risks | Moscow Exchange shareholders and investors Regulators and state authorities | GRI 201: Economic Performance (2016) |
5,9 | 3,4 | 2,5 | Financial literacy | Market participants and their clients Residents of the region of presence | GRI 413: Local Communities (2016) GRI 203: Indirect Economic Impacts (2016) |
5,9 | 3,2 | 2,7 | Investments to Innovation, small and medium-sized enterprises | Issuers Professional Associations, Development institutions and ESG-agencies | GRI 203: Indirect Economic Impacts (2016) |
5,8 | 3,1 | 2,7 | Carbon Units and electricity origin certificate market | Issuers Market participants and their clients Regulators and state authorities Professional Associations, Development institutions and ESG-agencies | GRI 203: Indirect Economic Impacts (2016) |
5,6 | 3,3 | 2,3 | Sustainability sector and ESG-indices | Issuers Market participants and their clients | GRI 203: Indirect Economic Impacts (2016) |
5,5 | 2,8 | 2,7 | Staff Training and Development | Employees | GRI 404: Training and Education (2016) |
5,5 | 2,7 | 2,9 | Ensuring the health, safety and well-being of staff | Employees | GRI 403 Professional Health and Safety (2018) |
5,5 | 2,7 | 2,9 | Ensuring Diversity and Equal Opportunities for staff | Employees | GRI 401: Employment (2016) GRI 402: Labour Management Relations (2016) GRI 405: Diversity and Equal Opportunity (2016) GRI 406: Non-discrimination (2016) |
5,5 | 3,0 | 2,5 | Stimulating ESG-practices | Issuers Professional Associations, Development institutions and ESG-agencies | GRI 203: Indirect Economic Impacts (2016) FN-EX-410a.3 FN-EX-410a.4 FN-EX-510a.1 |
Other material topics that can be disclosed selectively | |||||
5,4 | 2,9 | 2,5 | Sustainable Supply Chain | Suppliers and contractors | GRI 414 Supplier Social Assessment (2016) GRI 308 Supplier Environmental Assessment (2016) GRI 408: Child Labour (2016) GRI 409: Forced or Compulsory Labor (2016) |
5,3 | 2,9 | 2,4 | Human rights compliance by security services | Employees Educational and medical institutions, residents of the region of presence Regulators (Bank of Russia, Federal Executive and Legislative Bodies) | GRI 410 Security Practices (2016) |
5,0 | 2,7 | 2,3 | Economic impact on the region of presence | Educational and medical institutions, residents of the region of presence Regulators and (Bank of Russia, Federal Executive and Legislative Bodies) | GRI 201: Economic Performance (2016) GRI 202: Market Presence (2016) GRI 207: Taxes (2019) |
5,0 | 2,5 | 2,5 | Customer Health and Safety | Finuslugi clients | GRI 416: Customer Health and Safety (2016) GRI 417: Marketing and Labeling |
4,9 | 2,5 | 2,3 | Support for freedom of association and collective bargaining | Employees | GRI 407: Freedom of associations and collective bargaining (2016) |
4,5 | 2,6 | 1,9 | Charity and Sponsorship of universities and medical institutions | Educational and medical institutions, residents of the region of presence | GRI 203: Indirect Economic Impacts (2016) |
4,1 | 2,3 | 1,8 | Water consumption and waste management | Educational and medical institutions, residents of the region of presence Regulators (Federal Executive and Legislative Bodies: Ministry of Natural Resources and Environment of the Russian Federation, Federal Service for Supervision of Natural Resources of the Russian Federation and etc.) Professional Associations, Development institutions and ESG-agencies | GRI 303: Water and Effluents (2018) GRI 306: Waste (2020) |
4,0 | 2,1 | 1,8 | Measures for the conservation of biodiversity | Educational and medical institutions, residents of the region of presence Professional Associations, Development | GRI 304: Biodiversity (2016) |
3,8 | 2,1 | 1,7 | GHG emissions reduction | Regulators (Federal Executive and Legislative Bodies: Ministry of Natural Resources and Environment of the Russian Federation, Federal Service for Supervision of Natural Resources of the Russian Federation and etc.) Professional Associations, Development institutions and ESG-agencies | GRI 302: Energy (2016) GRI 305: Emissions (2016) |
3,5 | 1,7 | 1,8 | Rights of Indigenous Peoples | Educational and medical institutions, residents of the region of presence Regulators (Bank of Russia, Federal Executive and Legislative Bodies) | GRI 411: Rights of Indigenous Peoples (2016) |