Esg company ratings – the nature and features of formation

Tyvonchuk, Olena

doi:10.33108/galicianvisnyk_tntu2020.06.104

Cited by 5 publications

(1 citation statement)

References 8 publications

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“…Впорядкування підходів до систематики екологічних, соціальних та управлінських ризиків, пропозиції щодо створення додаткового механізму управління такими ризиками визначені Бортніковим Г., Любіч О [14]. Тивончук О. узагальнила та класифікувала ESG-рейтинги, що можуть використовуватися при прийнятті управлінських рішень [15].…”

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Esg-Стратегія Як Основа Управління Ризиками Сталого Розвитку В Банках

Vovchenko¹

2023

Економіка та суспільство

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Стаття присвячена актуальним питанням визначення напрямів впровадження ESG-стратегії в бізнес-моделі комерційних банків з урахуванням екологічних, соціальних та управлінських ризиків, поглиблених сучасними кризовими явищами. Основними результатами дослідження є: обґрунтування необхідності врахування ESG-ризиків в системі ризик-менеджменту банків, впорядкування підходів до систематизації методологій та інструментів, які дозволяють оцінити поточний та майбутній вплив ESG-факторів на сталий розвиток банків, оцінка сталості українських банків на основі Індексу ESG прозорості та етапізація процесу впровадження ESG-стратегій в бізнес-моделі банків з урахуванням актуальних аспектів управління ESG-ризиками.

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Esg-Стратегія Як Основа Управління Ризиками Сталого Розвитку В Банках

Vovchenko¹

2023

Економіка та суспільство

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Entrepreneurship restoration and development in Ukraine on the ESG-concept basis

Gura¹,

Berdanova²

2022

VISNYK MSS

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The article examines the evolution of conceptual views on the sustainable development of the planetary system from the theory of the noosphere by V.I. Vernadsky to the modern paradigm of sustainable development of society. The essence of the global goals of sustainable development until 2030, which reflect the scale and direction of the new agenda of mankind, is revealed. It is determined that the ESG-concept is a practical tool for the participation of the business sector in achieving the goals of sustainable development. The urgency of responsible activity of business structures for the restoration of public life in Ukraine in the postwar period is emphasized. The main aspects of ESG-concept as an environmental, social, and management triangle of the formation of sustainable viability of enterprises are highlighted. The positive impact of environmental and social risk management on the long-term market value of companies is substantiated. It is determined that the main driving forces of the implementation of ESG-principles in the private sector, include investors, international organizations, international banks of development, governments, consumers. The application of the ESG-principles in Ukraine on the example of the ESG-strategy until 2030 of the DTEK Group is studied, and their priorities for participation in achieving the goals of sustainable development are highlighted. The main directions of activity of socially responsible domestic enterprises are determined: labor relations, environmental responsibility, consumer relations, community development, and anti-corruption practices. It is proved that the disclosure of non-financial information and ensuring the transparency of companies' activities is another new process in Ukraine, which is complicated by the lack of generally accepted standards for non-financial information disclosure. The article identifies the main problems of wide application of ESG-concept in the practical activities of the business sector and substantiates the directions of intensification of this process, including: leadership and strengthening the influence of large companies on the implementation of economic agents ESG-principles; implementation of socially responsible investment by financial structures; standardization of the content and process of disclosure of non-financial information; popularization and explanation of the essence and role of ESG-concepts for the development of the business sector; training of competent specialists in this field.

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Development of theoretical and methodological approaches to organizing the process of creating ESG reports at enterprises

Korchahina

2023

Bulletin of v. N. Karazin Kharkiv National University Economic Series

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The ESG concept (Environmental, Social, Governance) represents ecological, social, and governance indicators that play a crucial role in numerous sustainable development initiatives. The categorization into three spheres stems from the prevailing global consensus approach aimed at effectively realizing sustainable development. This approach is now referred to as ESG activity, emphasizing the pivotal role that enterprises play in addressing various existing challenges. A study of the level of information disclosure regarding the ESG activity of Ukrainian companies, conducted by The Corporate Governance Professional Association) and the Center for CSR Development Ukraine, showed that as of 2020, only about 20% of the companies they studied published reports that can be classified as ESG reporting , but the fact that in 2019 there were only about 10% of such companies is positive, that is, there is a trend towards an increase in the volume of this kind of reporting. It should be noted that the level of transparency of Ukrainian companies in matters of covering their ESG activity is extremely low. In part, such a weak level of involvement can be explained by the fact that Ukrainian companies generally ignore the processes related to the Sustainable Development Goals (SDGs) achievement - the formation of new approaches to the development of humanity based on a certain set of basic values: the fight against poverty, environmental sustainability, health care efforts, as well as the formation of a global partnership for the purpose of development. An important element of the company's ESG activity management system is communication with stakeholders, which is provided through ESG reporting. In general, ESG reporting is quantitative and qualitative information about a company's environmental, social and management efforts and results. ESG reporting has a number of specific features compared to traditional financial reporting. In particular, ESG-reporting can be mandatory or voluntary depending on the country and the company's field of activity, and the regulation of ESG-reporting, based on its specifics, is mostly supranational in nature.

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Esg company ratings – the nature and features of formation

Cited by 5 publications

References 8 publications

Esg-Стратегія Як Основа Управління Ризиками Сталого Розвитку В Банках

Esg-Стратегія Як Основа Управління Ризиками Сталого Розвитку В Банках

Entrepreneurship restoration and development in Ukraine on the ESG-concept basis

Development of theoretical and methodological approaches to organizing the process of creating ESG reports at enterprises

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