ESG-CRITERIA AND ESG-FACTORS IN INVESTMENT POLICY

The spread of ESG integration in the world, first of all, is facilitated by the requirements of investors. They are interested in evaluating the investment process based on ESG data. Only then is it likely that asset managers will make changes to their process. In the Russian Federation, the practice of investing based on ESG principles is in its infancy. The problems of introducing and stimulating ESG investment have not yet been reflected in the regulation of the Russian Federation, and the process of making investment decisions by national institutional investors most often does not include an assessment of ESG factors. And yet, many companies are already using the principles of sustainable development. Social principles demonstrate the company’s attitude towards its own staff, customers and partners. And a well-thought-out ESG strategy increases employees` productivity, attracts and retains qualified employees. In this article, ESG integration refers to a clear and systematic approach to taking ESG issues into account in investment analysis and investment decision-making processes. An integrated approach to investment analysis involves taking into account and evaluating all significant factors, both traditional financial and ESG, and allows you to make effective investment decisions. The concept of environmental, social and corporate governance is disclosed. It is analyzed how investors take into account ESG factors in their analytical and investment activities. The stages of ESG integration are revealed, as well as a number of aspects that affect investment decisions; the optimal approaches to the integration of ESG factors into the investment process are determined. The study will simplify the process of data collection and provide a higher level of data quality.

environmental, social and corporate governance; economy of the Russian Federation; investment; investors; company assets; inflation; investment decisions; investment policy; management of risks; stages of investment; ESG integration; ESG factors; sustainable development, concept

Kamalova A. O., Taibova R. A. ESG-criteria and ESG-factors in investment policy. Business. Education. Law, 2022, no. 4, pp. 208—212. DOI: 10.25683/VOLBI.2022.61.480.