Abstract
AbstractRecently, following the principles of sustainable development has become a trend for the global financial and investment community. More and more companies integrate ESG principles (environmental, social, and governance) in their investment strategies, publishing sustainable development reports, and integrated reporting. Unfortunately, this is not yet a top development priority for Russian companies. The incentive for them is the requirements of foreign investors and partners. Thus, introducing responsible investment principles and adhering to sustainable development goals are relevant for such major players as oil companies. In this research, to assess the importance of sustainability factors for investors, we analyzed the best-known stock indices and compared them with similar industry indices, considering the ESG factor. We proposed a sustainable development assessment for oil companies based on examining the company’s integrated reporting, sustainability reporting, and use of the key performance indicators (KPI).KeywordsSustainable developmentESG investmentKey performance indicatorsIntegrated reportingResponsible businessJEL ClassificationM410Q010
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