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Effectiveness of ESG-principles in the corporate sector of economics

Author

Listed:
  • I. V. Manaeva
  • Yu. L. Rastopchina
  • E. I. Kovaleva

Abstract

Modern conditions for the development of the corporate sector are impossible ifESG-principles are not implemented in the business models of companies. Environmental, social and governance factors embedded in the ESG format represent a standard for assessment of the companies’ performance and investment. The article contains the results of review of thematic publications on the implementation of ESG principles in the corporate sector; Russia’s practice and Soviet experience on the implementation of ESG-principles in the economics are analyzed. Special attention is paid to the review and analysis of ESG-ratings of multinational and Russian companies. The authors have studied the experience of implementing ESGprinciples in the activity of the public limited company «Novolipetsk metallurgical plant» and its subsidiaries (NLMK company group) – the leader of 2023 ESG rating of Russian companies made by «RA Expert RA».

Suggested Citation

  • I. V. Manaeva & Yu. L. Rastopchina & E. I. Kovaleva, 2023. "Effectiveness of ESG-principles in the corporate sector of economics," Russian Journal of Industrial Economics, MISIS, vol. 16(4).
    • Handle: RePEc:ach:journl:y:2023:id:1196
    DOI: 10.17073/2072-1633-2023-4-1196
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