Abstract

The article is devoted to the study of investment attractiveness in bonds of companies embodying the policy of responsible finance. The analysis of literature sources showed a statistically significant excess of rate of return for instruments issued by companies implementing ESG principles compared with issuers that do not develop their strategies according to sustainable finance paradigm. The formed bond portfolio based on the instruments of the sustainable development sector of the Moscow Stock Exchange has showed a relatively high yield and independence from fluctuations in interest rates of financial market due to completed immunization. Thus, investors can find solutions in the Russian market by investing in «green» bonds that are interesting from the riskreturn point of view.

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