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. Last Updated: 07/27/2016

Firms Stay Mum Over Pollution

Greenpeace and Independent Ecological Rating Agency, or NERA, compiled the list of companies on the basis of information about waste management, land use and other environmentally sensitive information the companies released from 2004 to 2006.

Of the companies in the survey, only 16 have provided full information, the report said. Those include truck maker KamAZ; titanium-products maker VSMPO-Avisma; and power generation firm OGK-3.

Fourteen companies, including Baltika brewery, fruit juice and dairy company Wimm-Bill-Dann, Novolipetsk steel maker, Tvel nuclear-fuel company and Cherkizovo meat producer, have failed to provide any information.

The rest of the firms provided only partial information, Greenpeace and NERA said.

The companies that tend to fully disclose environment-related information have performed better at recent share issues than those that do not, said Svyatoslav Zabelin, co-chairman of the International Socio-Ecological Union, which founded NERA.

Zabelin cited the examples of TMK, whose share issue outperformed steelmaker Severstal's, and OGK-3, which did better than Mosenergo utility.