Key Trends in Esg-Agenda Development: Reviewing the Situation in Russia and the World

Abstract

The article studies successive implementation of the concept of sustainable development on the international and Russian market starting with the official formulating the concept in the report ‘Our Common Future’, which was presented by the UN in 1987 and till the latest trends of national economy of the Russian Federation. The author provides the gist of key aspects and notions of ESG-approach to management, analyzes their rise and assesses the degree of their academic elaboration and practical use in Russia. On the basis of the current trend analysis a conclusion was drawn about the importance of introducing the concept of management from ESG-standpoint on all levels of economy. Scientific generalization of practical experience allowed the author to come to the conclusion that international trends of sustainable development will determine the general line in ESG-approach to management of social and economic development in Russia on all levels – from federal to corporate one. The article identifies key regulator trends in carbon regulation, the development of tools of green and responsible financing, commitments on ESG-information revealing and risk management. The latest initiatives of big state, public and finance companies in issuance of green bonds were described, as well as acute trends in the state regulator work in ESG- sphere.