Methodology for assigning ESG ratings

The article presents study results of methodologies for assigning indices and ESG rating, ESG ranking by the largest Russian rating agencies: Analytical Credit Rating Agency, National Rating Agency, Expert RA JSC, and the Russian Union of Industrialists and Entrepreneurs. Growth of negative impact o...

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Main Authors: D. V. Zhatikova, P. S. Scherbachenko
Format: Article
Language:English
Published: Publishing House of the State University of Management 2023-09-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/4656
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author D. V. Zhatikova
P. S. Scherbachenko
author_facet D. V. Zhatikova
P. S. Scherbachenko
author_sort D. V. Zhatikova
collection DOAJ
description The article presents study results of methodologies for assigning indices and ESG rating, ESG ranking by the largest Russian rating agencies: Analytical Credit Rating Agency, National Rating Agency, Expert RA JSC, and the Russian Union of Industrialists and Entrepreneurs. Growth of negative impact on the environment and aggravation of social and corporate problems have been outlined as relevance reasons of the issue. Theoretical bases of three key blocks (ecology (E), society (S), corporate governance (G)) have been stated. Known rating scales for assessing the level of sustainable development of Russian enterprises have been analyzed and distinctive features found. The influence of a company’s position in the sustainable development rating on construction of long-term trusting relations of the organization with investors, counterparties, consumers, staff, mass media, and expert community, as well as public authorities has been emphasized. As a result of the research work the authors have proposed their own methodology for assigning ESG ratings that can serve as a basis for generalizing all the technologies available in the market to assess companies’ compliance with the ESG agenda.
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spelling doaj-art-9f9b69f0fd364df9b038c175fcbaf8942025-02-04T08:28:17ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-09-01089910810.26425/1816-4277-2023-8-99-1082867Methodology for assigning ESG ratingsD. V. Zhatikova0P. S. Scherbachenko1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationThe article presents study results of methodologies for assigning indices and ESG rating, ESG ranking by the largest Russian rating agencies: Analytical Credit Rating Agency, National Rating Agency, Expert RA JSC, and the Russian Union of Industrialists and Entrepreneurs. Growth of negative impact on the environment and aggravation of social and corporate problems have been outlined as relevance reasons of the issue. Theoretical bases of three key blocks (ecology (E), society (S), corporate governance (G)) have been stated. Known rating scales for assessing the level of sustainable development of Russian enterprises have been analyzed and distinctive features found. The influence of a company’s position in the sustainable development rating on construction of long-term trusting relations of the organization with investors, counterparties, consumers, staff, mass media, and expert community, as well as public authorities has been emphasized. As a result of the research work the authors have proposed their own methodology for assigning ESG ratings that can serve as a basis for generalizing all the technologies available in the market to assess companies’ compliance with the ESG agenda.https://vestnik.guu.ru/jour/article/view/4656esg ratingrating objectrating methodologysustainable developmentrankingesg assessment tools
spellingShingle D. V. Zhatikova
P. S. Scherbachenko
Methodology for assigning ESG ratings
Вестник университета
esg rating
rating object
rating methodology
sustainable development
ranking
esg assessment tools
title Methodology for assigning ESG ratings
title_full Methodology for assigning ESG ratings
title_fullStr Methodology for assigning ESG ratings
title_full_unstemmed Methodology for assigning ESG ratings
title_short Methodology for assigning ESG ratings
title_sort methodology for assigning esg ratings
topic esg rating
rating object
rating methodology
sustainable development
ranking
esg assessment tools
url https://vestnik.guu.ru/jour/article/view/4656
work_keys_str_mv AT dvzhatikova methodologyforassigningesgratings
AT psscherbachenko methodologyforassigningesgratings