Russian Companies in International and Domestic ES G Ratings
https://doi.org/10.26794/2226-7867-2023-13-2-94-105
Abstract
The article discusses the representation of Russian companies in domestic and foreign ESG ratings. The authors analyzed the methodology features of 6 foreign and 11 Russian ratings. A top list of companies has been compiled using databases, this list is based on the consolidated ratings as well as on a separate assessment of the companies. The analysis of the Russian market showed the predominance of the raw materials companies in the top place. This result could refute the opinion that these companies are the main opponents of the pro-environmental agenda. The authors of the research paper come to the conclusion that the introduction of ERP principles is inevitable for Russian companies, as it contributes to the achieving the national development goals of the Russian Federation.
Keywords
About the Authors
V. V. AndrianovRussian Federation
Valery V. Andrianov — Cand. Sci. (Political Sciences), Associate Professor
Moscow
M. S. Sirotkin
Russian Federation
Mikhail S. Sirotkin — 4th year undergraduate student, Faculty of Social Sciences and Mass Communications
Moscow
M. V. Bazhenova
Russian Federation
Maria V. Bazhenova — 4th year undergraduate student, Faculty of Social Sciences and Mass Communications
Moscow
References
1. Vostrikova E. O. ESG criteria in investing: foreign and domestic experience. Financial journal. 2000; (4):117–129. (In Russ.).
2. Al-Shibeeb D. ESG investing has its faults, but here’s what we can do to improve it. URL: https://financialpost.com/moneywise-pro/esg-investing-has-its-faults-but-heres-what-we-can-do-to-improve-it
3. Hartzmark S., Sussman A. Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows. URL: https://onlinelibrary.wiley.com/doi/abs/10.1111/jofi.12841
4. Alexandrov V. V. Analysis of foreign and domestic sustainable development ratings (ESG) of the world’s leading oil and gas companies. Assessment of the impact of the ESG rating on the capitalization of the company. Economic sciences. 2021;11(204): 44–53. (In Russ.).
5. Grishankova S. D. ESG assessment will soon become a prerequisite for business. URL: https://rg.ru/2021/11/11/esg-ocenka-vskore-stanet-obiazatelnym-usloviem-dlia-biznesa.html (In Russ.).
6. Filipenok A., Podobedova L. The head of Rosprirodnadzor called fake environmental reports of corporations. URL: https://www.rbc.ru/business/26/08/2021/6127ab9f9a79473186b3c5da (In Russ.).
Review
For citations:
Andrianov V.V., Sirotkin M.S., Bazhenova M.V. Russian Companies in International and Domestic ES G Ratings. Humanities and Social Sciences. Bulletin of the Financial University. 2023;13(2):94-105. (In Russ.) https://doi.org/10.26794/2226-7867-2023-13-2-94-105