sseuВестник Самарского государственного экономического университетаVestnik of Samara State University of Economics1993-0453Самарский государственный экономический университетsseu-14Research ArticleМИРОВАЯ ЭКОНОМИКАWORLD ECONOMYESG-рейтинги и эффективность инвестированияESG ratings and investment efficiencyРомановаА. А.RomanovaA. A.

Анна Алексеевна Романова - кандидат экономических наук, доцент, доцент

Орел

Anna A. Romanova - Candidate of Economic Sciences, Associate Professor, Associate Professor

Orel

romanova.osu@yandex.ruПерепёлкинВ. А.PerepelkinV. A.

Вячеслав Александрович Перепёлкин - доктор экономических наук, доцент, профессор

Самара

Viacheslav A. Perepelkin - Doctor of Economics, Associate Professor, Professor

Samara

slavaap@rambler.ruРомановП. А.RomanovP. A.

Петр Александрович Романов - специалист по обработке данных

Москва

Petr A. Romanov - data processing specialist

Moscow

r-peter@yandex.ruОрловский государственный университет имени И.С. ТургеневаРоссияOrel State University named after I.S. TurgenevRussian FederationСамарский государственный экономический университетРоссияSamara State University of EconomicsRussian FederationООО «Яндекс»РоссияYandex LLCRussian Federation202503122025083342Copyright © Романова А.А., Перепёлкин В.А., Романов П.А., 20252025Романова А.А., Перепёлкин В.А., Романов П.А.Romanova A.A., Perepelkin V.A., Romanov P.A.This work is licensed under a Creative Commons Attribution 4.0 License.https://vestnik.sseu.ru/jour/article/view/14

В статье оценивается воздействие стандартов ESG на эффективность инвестиций с помощью анализа динамики биржевых индексов, характеризующих эффективность ценных бумаг, как соответствующих требованиям ESG, так и не учитывающих данные условия в качестве критерия. Обосновано положение о большей эффективности устойчивого инвестирования по сравнению с традиционным подходом в средне- и долгосрочной перспективе. Анализ тенденций развития ESG-сегмента фондового рынка позволил выделить и охарактеризовать риски, сопутствующие устойчивому финансированию, а также прогнозировать трансформацию механизма соблюдения ESG-принципов в принятии решений транснациональными корпорациями.

The article presents the assessment of the impact of ESG standards on investment efficiency by analyzing the dynamics of stock indices characterizing the efficiency of securities, both those that meet ESG requirements and those that do not take these conditions into account as a criterion. The position on the greater efficiency of sustainable investing compared to the traditional approach in the medium and long term is substantiated. An analysis of the development trends of the ESG segment of the stock market made it possible to identify and characterize the risks associated with sustainable financing, as well as to predict the transformation of the mechanism for compliance with ESG principles in decision-making by transnational corporations.

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The authors declare that there are no conflicts of interest present.