კონფერენცია

∘ Anatoly Shevchuс ∘
ESG – ATOOLFORTHEACHIEVEMENTOFTHEGOALSOF SUSTAINABLE ENVIRONMENTAL DEVELOPMENT

Abstract

The principles of environmental, social and corporate governance (ESG) are actively entering the Russian market. The ESG follows the UN Sustainable Development Goals for the period 2015-2030 and refers to the three main factors in measuring the sustainability, environmental friendliness and social impact of investments in a company or business. The Bank of Russia sent for application recommendations on how the board of directors of a public joint stock company should take into account ESG factors, as well as sustainable development issues. A number of other banks and development institutions, including VEB and Sberbank, are actively implementing ESG factors in their practice. Further development of ESG factors requires scientific analysis and practical recommendations.

Keywords. ESG-factors, sustainable development goals, banks, green financing, taxonomy.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Anatoly Shevchuс ∘ ESG – ATOOLFORTHEACHIEVEMENTOFTHEGOALSOF SUSTAINABLE ENVIRONMENTAL DEVELOPMENT Abstract The principles of environmental, social and corporate governance (ESG) are actively entering the Russian market. The ESG follows the UN Sustainable Development Goals for the period 2015-2030 and refers to the three main factors in measuring the sustainability, environmental friendliness and social impact of investments in a company or business. The Bank of Russia sent for application recommendations on how the board of directors of a public joint stock company should take into account ESG factors, as well as sustainable development issues. A number of other banks and development institutions, including VEB and Sberbank, are actively implementing ESG factors in their practice. Further development of ESG factors requires scientific analysis and practical recommendations. *Keywords.* ESG-factors, sustainable development goals, banks, green financing, taxonomy.