Система ESG-координат в методологии оценки стоимости активов

Abstract

In recent years, there has been a clear increase in the attention of both market participants and valuation specialists to the issues of accounting for environmental friendliness, social orientation, as well as the level of corporate governance, that is, ESG factors, in the value of assets. Since these factors are recognized at the highest level - by the governments of states, the largest business, as well as by analysts, it can be concluded that their nature is price-forming. In this article, an attempt is made to investigate the vector of the development of standardization and methodology of evaluation and expert activity in the field of accounting for ESG factors. The paper answers the questions: What aspects of the methodology in the field of asset valuation are subject to ESG transformation in the near future? What changes in the Russian Federal evaluation standards and standards of self-regulatory organizations of appraisers should be proposed in this direction? How can the influence of ESG factors be taken into account in assessment reports and expert opinions already today? This article is of an overview nature; it attempts a scientific understanding of the concept of ESG in valuation practice and metology and draws conclusions about the directions of development of the domestic methodology in the field of valuation activities.