The concept of sustainable finance and the prospects for its implementation in Russia

Yu. A. Danilov ()

Voprosy Ekonomiki, 2021, issue 5

Abstract: The article attempts to formulate the main characteristics of the concept of sustainable finance and determine its place among other concepts. Its certain autonomy from the concept of sustainable development is emphasized. Indicators are presented that demonstrate the outstripping growth of sustainable finance in the modern world, and assumptions about the reasons for this trend. The problem of the adequacy of rating assessments of corporate adherence to ESG principles is briefly touched upon, which turned out to be the weak point of the concept of sustainable finance. The current state of the concept of sustainable finance in Russia is assessed, the main obstacles to its implementation and feasibility are determined. Proposals are formulated for public policy measures that can stimulate the formation of domestic responsible investors in Russia, as well as other measures that will contribute to the implementation of the concept of sustainable finance.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2021:id:3524

DOI: 10.32609/0042-8736-2021-5-5-25

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