Legislative initiatives and development of ESG banking in Russia

In recent years, ESG (Environmental, Social, Governance) banking has become an increasingly important area in the development of the Russian financial sector. The article discusses key legislative acts and regulations aimed at integrating ESG principles into banking activities. The main initiatives are described, such as the Presidential Decree on national development goals, the action plan of the Central Bank of Russia for sustainable development and methodological recommendations for disclosing ESG risks. It also provides examples of the implementation of legislation, including the issuance of green bonds and improved reporting on ESG factors. The article emphasizes the importance of these measures for creating a stable and responsible financial system in Russia.