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Sustainable Finance Ratings
[Рейтинговые Оценки Устойчивых Финансов]

Author

Listed:
  • Danilov Yury

    (Russian Presidential Academy of National Economy and Public Administration)

  • Pivovarov Danil

    (Russian Presidential Academy of National Economy and Public Administration)

  • Davydov Igor

    (Russian Presidential Academy of National Economy and Public Administration)

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.

Suggested Citation

  • Danilov Yury & Pivovarov Danil & Davydov Igor, 2021. "Sustainable Finance Ratings [Рейтинговые Оценки Устойчивых Финансов]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 25-33, April.
    • Handle: RePEc:gai:recdev:r2141
    as

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    References listed on IDEAS

    as
    1. Dirk Schoenmaker & Willem Schramade, 2019. "Investing for long-term value creation," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 9(4), pages 356-377, October.
    2. Kroll, Christian & Zipperer, Vera, 2020. "Sustainable Development and Populism," Ecological Economics, Elsevier, vol. 176(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sustainable finance; sustainable development; ESG ratings; sustainable development indices; Greenwashing;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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