Yulia Finogenova

Objective: Nowadays, ESG serves as a guide for any kind of business all around the world. Over the last three years, ESG agenda developed at a more rapid pace on the emerging markets than on the developed ones. Methods: Utilizing data from 200 companies from 8 different industries: chemical, energy, transport, metals and mining, telecommunication, oil and gas, real estate, and retail trade industries, authors employs correlation and regression analyses to ascertain the effects of ESG factors on companies' profitability and investment attractiveness. Results: It can be stated that components of an ESG rating can affect a company’s financial performance, such as profitability and the company’s investment attractiveness with different magnitude and any changes (increase or decrease) in E, S or G components can influence company financial performance: either in positive or negative way. Conclusion: The study concludes that while ESG factors generally contribute to improved financial outcomes, their specific impact varies across different industries, highlighting the importance of industry-specific strategies for integrating ESG considerations into business practices.

The study highlights that ESG factors' importance varies by industry, and a more industry-specific approach is necessary to accurately assess companies' ESG performance. This paper provides a comprehensive analysis of ESG assessment methodologies and proposes a more industry-specific approach to address their limitations. By examining the importance of various sustainability factors across different industries, the study highlights the need for more tailored ESG assessments. The findings have practical implications for rating agencies, companies, and investors interested in sustainable development. Based on the analysis, aggregated conclusions are given on the level of significance of various factors of sustainable development for specific industries. The study's findings suggest that its necessary to develop methodology of weights assessment for different industries, including the unified system of assessment across different ESG rating providers.In the beginning of 2023 Bank of Russia published the report, which provides recommendations on developing ESG assessment methodology and scope for the weights for each ESG criteria and elements. However there the lack of published of non-financial statements and reports, which enable to generate enough industrial statistics, complicates the process of developing weight coefficients for Russian companies

The article is devoted to the comparative assessment of the existing ESG rating methodologies, which are developed by the largest statistical agencies, which are specializing on the ESG rating calculation. The purpose of the study is to highlight the main strengths and weaknesses of the existing methodologies in order to take it into consideration during the development of the Russian national ESG scores’ assessment methodology.

Objective. The article is devoted to the development of scientific and methodological provisions for improving the organizational and economic mechanism for the innovative development of the food and processing industry in order to ensure food security in Siberia. Materials and methods. The methods of substantiation of modern organizational and technological regulations, norms and standards for the innovative development of the crop industry are considered. To analyze the main directions for adjusting the organizational and economic mechanism for the innovative development of the food and processing industry in Siberia, a program-targeted approach is used. Results. An algorithm for the formation of organizational and technological regulations in crop production is considered on the example of rapeseed. The main directions for adjusting the organizational and economic mechanism for the innovative development of the food and processing industry in Siberia on the basis of a program-targeted approach are proposed. An algorithm of basic standards has been formed in the system of standards for rapeseed cultivation at different intensities in the conditions of the Novosibirsk region. Particular attention is paid to the ecological block of the economic substantiation of crop cultivation standards on the example of oilseeds. Conclusion. The current level of food consumption in the areas of development and the North of Siberia does not fully comply with modern standards and the physiological needs of the population, taking into account their national and ethnic characteristics. In this regard, the development of the food and processing industry of the agro-industrial complex of the Siberian Federal District is of strategic importance.

Objective: This article discusses the assessment model used to evaluate the ESG (Environmental, Social, and Governance) performance of companies. The purpose of this article is to present a new ESG (Environmental, Social, and Governance) rating methodology developed in accordance with the recommendations of the Bank of Russia and explain its benefits for sustainable investment in the context of the Russian market. Methods: The data structure, preprocessing, and scoring methodology have been elaborated. The scoring algorithm considers the intrinsic value of each criterion and evaluates the relative performance of a company within an industry. The methodology discussed here can provide a basis for investors to select companies based on ESG performance. Results: The authors accomplished several tasks in this study, including introducing the concept of ESG and discussing its importance, describing sources of data and criteria used to evaluate sustainable development, and developing a methodology for assessing ESG scores. They also discussed the benefits of this methodology for the Russian market and created a consolidated rating of companies based on ESG factors. Conclusion: The authors have developed a comprehensive and objective assessment model for evaluating the Environmental, Social and Governance (ESG) factors of companies in Russia. The model's approach to data collection, preprocessing, and scoring provides investors with reliable and informative data for making responsible investment decisions.

Objective: This article discusses the assessment model used to evaluate the ESG (Environmental, Social, and Governance) performance of companies. The purpose of this article is to present a new ESG (Environmental, Social, and Governance) rating methodology developed in accordance with the recommendations of the Bank of Russia and explain its benefits for sustainable investment in the context of the Russian market. Methods: The data structure, preprocessing, and scoring methodology have been elaborated. The scoring algorithm considers the intrinsic value of each criterion and evaluates the relative performance of a company within an industry. The methodology discussed here can provide a basis for investors to select companies based on ESG performance. Results: The authors accomplished several tasks in this study, including introducing the concept of ESG and discussing its importance, describing sources of data and criteria used to evaluate sustainable development, and developing a methodology for assessing ESG scores. They also discussed the benefits of this methodology for the Russian market and created a consolidated rating of companies based on ESG factors. Conclusion: The authors have developed a comprehensive and objective assessment model for evaluating the Environmental, Social and Governance (ESG) factors of companies in Russia. The model's approach to data collection, preprocessing, and scoring provides investors with reliable and informative data for making responsible investment decisions.

Objective: Main goal of the research is toto assess the level of influence of the ESG rating on the investment attractiveness of companies. The object of the study is the companies for which the ESG rating is calculated (the oil and gas, metallurgical, electric power and banking industries are observed). The hypothesis is that the management dealing with issues related to ESG should take into account the significance of the impact of the ESG rating on the investment attractiveness of companies, if the significance is proven. Method: The methodological part of this research is formed by an econometric estimation of regressions based on panel data models. Results: There were performed econometric assessment of the impact of the ESG rating on the investment attractiveness of companies. The results of econometric modeling are presented in the list of recommendations for ESG managers. In addition, results of the research proves the significance of COVID-19 pandemic impact on the investment attractiveness of the oil and gas companies. Conclusion: The novelty of the results is in the individual econometric estimation of companies’ ESG-rating impact on the investment attractiveness based on the unique set of companies, which present four different industries. Based on the sample of companies from eleven countries, for which ESG scores for the period from 2016 to 2020 were calculated, the statistical significance of ESG-factors, concerning the analysis of its impact on the indicators of investment attractiveness (ROI, EPS), was identified.

Objective: The objective of this study is to analyze the limitations of current ESG assessment methodologies and propose a more industry-specific approach to accurately assess companies' ESG performance. By examining the importance of various sustainability factors across different industries, the study aims to highlight the need for more tailored ESG assessments. Method: A comprehensive analysis of current ESG assessment methodologies was conducted, along with an examination of the importance of various sustainability factors across different industries. The study used a mixed-methods approach, including both qualitative and quantitative analysis. Results: The study found that the importance of ESG factors varies by industry, and a more industry-specific approach is necessary to accurately assess companies' ESG performance. The findings have practical implications for rating agencies, companies, and investors interested in sustainable development. Based on the analysis, aggregated conclusions are given on the level of significance of various factors of sustainable development for specific industries. However, the lack of published non-financial statements and reports in Russia complicates the process of developing weight coefficients for Russian companies. Conclusions: The study highlights the need for a more industry-specific approach to ESG assessments to accurately assess companies' ESG performance. The findings suggest that it is necessary to develop a methodology of weight assessment for different industries, including a unified system of assessment across different ESG rating providers. The Bank of Russia has published a report in the beginning of 2023 that provides recommendations on developing ESG assessment methodology and scope for the weights for each ESG criteria and elements.

In Russia, ESG investing is just beginning to develop, the state supports and promotes this concept, encourages companies with a high ESG rating and introduces benefits for them - subsidizing coupon income on bonds to cover part of the issuers' expenses. Regulators also create common standards by which to assess whether a company really follows ESG principles. Current research is devoted to the developing the indicators (indexes), which enable to evaluate possible ESG- nvestment strategies. The goal of the research is to suggest the benchmark of the balanced investment portfolio, which is less volatile, than the traditional stock indexes. So, the formation of an investment portfolio consisting of sustainable assets and building on its basis an ESG- nvestment index will enable to develop the principles of individual sustainable investments. The index structure is bases on a number of sub indexes, which consist of three asset classes: stocks of sustainable companies, bonds of sustainable companies and ESG ETFs of Russian companies. Methodologies employed included the investment performance investigation on the basis of created ESG investment index, that, on the one hand, would have moderate volatility, and on the other hand, would include expanded investment opportunities through the integration of ESG assets. The results and the novelty of the research is to investigate risk/return tradeoff in respect of ESG-investment portfolio structure and to provide the investors additional benchmarks to develop their investment strategies.

Population growth and urbanization cause developing-country cities to create energy-intensive buildings. Building energy efficiency can be improved through active and passive solar design to reduce energy consumption, increase equipment efficiency, and utilize renewable energy, converting renewable energy into thermal energy or electricity. In this study, passive architecture was evaluated for both urban block and building energy usage. When reliable information and analysis of signs and parameters impacting energy consumption are available, designers and architects can evaluate and passively design a building with higher precision and an accurate picture of its energy consumption in the early stages of the design process. This article compares the location of Baku’s building mass to six climate-related scenarios. Three methodologies are used to determine how much solar energy the models utilize and the difference between annual heating and cooling energy consumption. The structure’s rotation has little effect on the energy utilized in most forms. Only east-west linear designs employ 6 to 4 kWh/m² of area and are common. Most important is the building’s increased energy consumption, which can take several forms. The building’s westward rotation may be its most important feature. Any westward revolution requires more energy. Building collections together offers many benefits, including the attention designers and investors provide to all places. Having an integrated collection and a sense of community affects inhabitants’ later connections. Dictionary and encyclopedia entries include typology discoveries. These findings will inform future research and investigations. An architect must know a variety of qualities and organizations to define and segregate the environment because architecture relies heavily on the environment. This research involves analyzing the current situation to gain knowledge for future estimations. The present will determine the future.