«Problems of economics and management of oil and gas complex»

Comparative analysis of foreign and Russian ESG-ratings

UDC: 338.24+65.01
DOI: 10.33285/1999-6942-2023-7(223)-42-50

Authors:

¹ Financial University under the Government of the Russian Federation, Moscow, Russia
² Institute of International Economic Relations, Moscow, Russia
³ Udmurt Federal Research Center of Ural branch of RAS, Izhevsk, Russia

Keywords: ESG-policy; ESG-rating; ESG-risk management; sustainable development; Russian industrial enterprises

Annotation:

Currently, interest in ESG is growing and developing rapidly, which is directly related to the growing problems in the field of global warming, infringement of the rights of certain categories of employees, and the growth of crime in the field of money laundering. When making investment decisions, more attention is paid to environmental, social, and managerial aspects and the balance of value various forms is being sought to ensure the long-term sustainability of the business. For investors, one of the main sources of information in the field of the ESG agenda implementation are ESG ratings, which differ significantly in terms of goals, evaluation methodologies and other factors, thus indicating the presence of ratings divergence problem in the market. Within the framework of this study, a brief description of foreign and Russian ESG ratings, their qualitative comparison are presented as well as a correlation analysis is carried out on the example of ESG ratings assigned to the largest Russian industrial enterprises.

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