Sustainable Finance Ratings

Рейтинговые оценки устойчивых финансов

Yuri Danilov, Pivovarov Danil and Davydov Igor
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Pivovarov Danil: Russian Presidential Academy of National Economy and Public Administration
Davydov Igor: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 4, 25-33

Abstract: The article touches upon one of the most problematic areas of introducing the concept of sustainable finance into the practice of functioning of financial markets and institutions. The most famous international ESG ratings are briefly described. The conclusions of a number of works on the reasons for the imperfection of ESG ratings, including a significant range of ratings of the corporation from different rating agencies, are summarized. The current situation in the field of the formation of rating assessments and indices of sustainable development in Russia is described, in which the same shortcomings that are characteristic of international ratings are manifested in an exaggerated form. The article was written on the basis of the RANEPA state assignment research program.

Keywords: sustainable finance; sustainable development; ESG ratings; sustainable development indices; Greenwashing (search for similar items in EconPapers)
JEL-codes: G10 G24 G30 Q01 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:r2141

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