Prospects for the application of ESG principles in the Russian corporate segment

Abstract

The purpose of this study is to analyze the prospects for using ESG principles in the management of Russian companies. The author presented the main components of the ESG principles, namely environmental, social and managerial. The essence of each of the components was described, and the importance of the development of all components was established due to the relationship between them. An important place in the work is given to the analysis of the development of the Sustainability Sector within the Moscow Exchange, which includes securities of organizations associated with the application of ESG principles. The author examined the Responsibility and Openness index, which includes 24 companies, and the Sustainable Development Vector index, which includes 21 companies. Based on the available data, the securities included in the Sustainable Development Sector were studied, information was obtained on their maturity and direction of activity. To obtain more accurate data, the structure of investors in "green" and "social" bonds was studied, depending on their position in the financial market. It was found that the most active investors in the green bond market are banking organizations, which, earlier than others, began to show interest in this sector. in addition, there was a high interest on the part of investors — individuals. The author studied the industries in which one or another component of the ESG principles was singled out as the leading one, after which it was revealed that at the moment the leading domestic organizations direct most of the available resources to the implementation of the environmental component.