Abstract

The study aims to estimate the compliance of the Russian Federation’s financial sector with the climate agenda. The objectives are the following: analyzing the features of a current stage in the imple-mentation of sustainable development principles into banking operation according to the global agenda; em-phasizing the features of the implementation of the Environmental, Social, and Governance principles in the financial sector; compiling methodical guidelines for improvement of Environmental, Social, and Governance rating. The subject of the study is the process of integrating Environmental, Social, and Governance principles into the financial sector. The object of the study is the relevance of the climate agenda and sustainable devel-opment in the financial sector of the Russian Federation. Research methods included general scientific methods of analysis and synthesis, induction and deduc-tion. Comparative analysis of the results of foreign and Russian studies on issues of modern approaches to the evaluation of borrowers’ creditability in general as well as compiling Environmental, Social, and Governance ratings in particular was used as the main applied method. The findings highlight the need to enhance the criterion aspects of the methodologies utilized in each of the principles (social, governmental, and environmental) in accordance with the distinctiveness of the Rus-sian economy and its current stage of operation. Identifying disadvantages and directions for improvement of Environment, Social, and Governance ratings will allow achieving global goals to reduce carbon dioxide emis-sions and for developing new energy sources.

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