Theoretical Approach to Compiling ESG Ratings

The article deals with the theoretical basis for the formation of sustainable development ratings of the organization. The aim of the study is to formulate proposals for the development of domestic sustainability ratings based on the identified shortcomings of existing Western methods. The article proposes the definition of ESG-ratings, analysis of the existing growing market of ratings and structurization of existing approaches to the formation of these ratings. As a result, the article proposes to use a unified ECG rating, the methodology of which is developed and supported by the state, as a single alternative. The article considers the process of ECG rating formation and gives recommendations for its improvement - changing the share of the ecology section in the general evaluation system - for better co-compliance with the national development goals of the Russian Federation. The authors identify a number of directions for the development of the application of this rating, as well as suggestions for popularization of this rating among Russian companies - including through various methods of stimulation, such as preferential lending, deferred payments and other methods. The authors substantiate the fact that the ECG rating in the future may become the main ESG rating of the Russian Federation if it undergoes appropriate changes and is popularized.