Green economy and esg in russia: project evaluation criteria, risk analysis and management methods
DOI:
https://doi.org/10.37497/sdgs.v11i1.265Keywords:
Green economy, ESG, Investments, Sustainable development, risk managementAbstract
Objective: The purpose of the article is to develop an effective approach to rating Russian companies and financial instruments based on ESG factors, which makes it easier to promote the sustainable development concept in Russia and contributes to the implementation and financing of "green" projects.
Methods: The article examines the role and place of the ESG agenda at the present stage of economic and social development. Authors used methods of synthesis, analysis, classification and systematization of information.
Results: The main provisions formulated by scientists and practitioners from all over the world are summarized. The list of criteria characterizing the company, society and the state in terms of compliance with the principles of sustainable development is highlighted. The author's weights distribution model of the described characteristics is proposed in order to form parametric systems for evaluating issuers for compliance with ESG criteria. The international and Russian experience of rating "green" projects is analyzed, and options for improving Russian practice are proposed. The list of risks inherent in the "green" financial instruments issues is highlighted.
Conclusion: Particular attention is paid to the impossibility of all factors comprehensive consideration by an individual investor, in connection with which the idea is put forward about the expediency of using innovative technologies, such as neural networks, for rating issues of "green" financial instruments and issuers themselves, in order to facilitate the investor's asset selection process. General conclusions are drawn about the state and prospects of the sustainability market in the world and in Russia, recommendations are given to the investors.
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Copyright (c) 2023 Ivan Tolkachev, Alexander Kotov, Natalia Chelukhina, Elmira Asyaeva, Denis Perepelitsa
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