Yulia V. Mankevich, Researcher at the Department of International Registration Systems, Federal Institute of Industrial Property, Moscow; Applicant for Academic Degree at Lomonosov Moscow State University, https://orcid.org/0000-0003-1316-2626, AuthorID РИНЦ: 9133- 9294, WoS Research ID: НМО-7206-2023, e-mail: jul-2882@mail.ru
The practice of implementing ESG principles and the emergence of ECG assessment in Russia has been going on for a long time and has faced difficulties, starting from language barriers and differences in values. It is obvious that during this time business community was faced with a lack of justification for the need for action in the field of compliance with the Sustainable Development Agenda and long-term effectiveness of the goals being proclaimed, as well as there were no specific incentives for its implementation. Assessing the undoubted importance of this sector for the country's economy, the impetus for developing its own tools was the understanding of the impracticability of the Sustainable Development Goals by 2030, as well as the need to make its own decisions on the country’s environmental agenda in the new conditions. This issue has been repeatedly raised by Russian President Vladimir Putin in his speeches, emphasizing that Russian business must be responsible, demonstrating by concrete actions responsibility for the country, region, city and team. A significant innovation in the assessment system of the sphere of sustainable development was the emergence of ECG assessment as a system tool adapted to the Russian realities in the new conditions. This article aims to evaluate the innovation in terms of the practical applicability of the new tool, pointing out possible problems and additional in opportunities that its use provides. As a result of a detailed review, it became obvious that new parameters were being taken into account that had not previously been taken into account, such as ethical standards, demographic programs, and a proven business reputation. Thus, when placing new accents, the social sphere was significantly highlighted, which emphasized the importance of business’ social responsibility to the state.
Keywords: ESG principles, ECG assessment, ECG rating, responsible business, Sustainable Development Goals (SDGs), The Sustainable Development Agenda, Russian sustainability, the field of sustainable development
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