ІНФОРМАЦІЙНА ПРОЗОРІСТЬ У СЕГМЕНТІ ВІДПОВІДАЛЬНОГО ІНВЕСТУВАННЯ

Abstract

The pandemic has dramatically changed the global situation in terms of achieving the Sustainable Development Goals (hereinafter referred to as the SDGs). Currently, the slow pace of achieving the SDGs is due to limited financial resources. In order to find ways to solve this problem, this paper analyzes responsible investment instruments (also called ESG investments) and ways to increase the efficiency of their use in the context of information transparency as an alternative to traditional financing instruments. In particular, the article proposes a scientific and methodological approach to the calculation of ESG indices by incorporating the company's position in the ESG rating (environment, social, and corporate governance) as additional weights, which, unlike the traditional approach, allows the calculation of the index to take into account not only the company's capitalization but also the level of success of its ESG activity. The effective use of responsible investment instruments will create the necessary preconditions for overcoming the existing shortage of financial resources in achieving the SDGs. It has been proven that the first step should be the concentration of regulatory efforts on the unification (standardization) of ESG information disclosure processes. The problem lies not only in the lack of ESG data, but also in the lack of their systematization. Even companies that provide information about their ESG activities use different methods, from corporate websites to annual reports or sustainability reports. That is, collecting, summarizing, systematizing ESG data in such conditions is quite a difficult task.