Rating methodology for energy company's sustainable development

Abstract

Subject. The article addresses a rating methodology for sustainable development of energy companies. Objectives. We focus on developing a set of indicators and a scale of rating methodology for sustainable development of energy companies. Methods. The study employs methods of economic analysis, clustering, and economic statistics. Results. We developed a set of indicators and a scale of rating methodology for sustainable development of the energy company, including assessment of enterprise’s liquidity, financial stability, profitability, business, and market activity. The rating methodology takes into account the specific features of the electric power industry in terms of analysis and evaluation of specific energy indicators. Conclusions. The rating methodology enables objective comparative analysis of energy enterprises of Russia operating in the field of energy generation. The presented methodology is especially relevant due to the largest international rating agencies’ exit from the Russian market.