Formation of Corporate Governance in Credit Institutions that are Aimed at Implementing a Sustainable Development Strategy
( Pp. 112-120)
More about authors
Samokhina Anna Nikolaevna
Postgraduate student, Moscow, Russia
Financial University under the Government of the Russian Federation
Moscow, Russian Federation
Financial University under the Government of the Russian Federation
Moscow, Russian Federation
Abstract:
Abstract: The purpose of the research. The article reveals the specifics of the implementation of corporate social responsibility in the banking sector. The author evaluates the existing legal regulation in the field of sustainable development. The purpose of the study is to identify the mutual influence of the corporate governance system in a credit institution and factors related to the environment and society. The article examines the benefits of implementing sustainable development goals and taking into account ESG factors in the activities of credit institutions. The author notes the need to take into account the social and environmental agenda when making management decisions by a credit institution. The article reflects the following aspects of taking into account the Sustainable Development Goals and ESG factors: in the economic activities of credit institutions and in relations with counterparties, in the process of risk management, in the framework of investment activities. Results. The article presents mechanisms for introducing sustainable development issues and ESG factors into corporate governance of credit institutions, including through reforming the system of internal bodies, fixing goals and values in local acts of the organization, effective disclosure of non-financial information. The author emphasizes the active role of the Board of Directors in the implementation of the ESG strategy. The article concludes that there is a need for partnership between a credit institution and a wide range of stakeholders for effective and full consideration of sustainable development goals and ESG factors in the activities of a credit institution.
How to Cite:
Samokhina A.N., (2023), FORMATION OF CORPORATE GOVERNANCE IN CREDIT INSTITUTIONS THAT ARE AIMED AT IMPLEMENTING A SUSTAINABLE DEVELOPMENT STRATEGY. Gaps in Russian Legislation, 2 => 112-120.
Reference list:
Berkumbaev N.S. The concept of sustainable development in the corporate law of Russia // Issues of Russian justice. 2022. № 19. Pp. 97-111.
Gerasimov V.V. ESG: You can’t wait to disclose // Vestnik. Corporate Information Disclosure Center. 2021. № 62. Pp. 2-9.
Daudrich N.I. Corporate volunteerism: how useful it is to be good // Motivation and remuneration. 2010. № 4. pp. 280-291.
Ershova I.V., Enkova E.E., Laptev V.A. Corporate social responsibility in the coordinate system of sustainable development // Business law. 2022. № 2. Pp. 25-35.
Kingo Liz. The United Nations Global Compact: The Search for Solutions to Global Problems // UN Chronicle. 2019. Access mode: https://www.un.org/ru/36167 (date of address: 02/24/2023).
Levin, V.S. On the need to disclose non-financial information in the context of sustainable development and ESG risk assessment // Finance. 2022. № 3. Pp. 39-48.
Chenchik Ya.V. How to start accounting for ESG risks in a financial organization // Finance. 2022. № 2. Pp. 33-39.
Gerasimov V.V. ESG: You can’t wait to disclose // Vestnik. Corporate Information Disclosure Center. 2021. № 62. Pp. 2-9.
Daudrich N.I. Corporate volunteerism: how useful it is to be good // Motivation and remuneration. 2010. № 4. pp. 280-291.
Ershova I.V., Enkova E.E., Laptev V.A. Corporate social responsibility in the coordinate system of sustainable development // Business law. 2022. № 2. Pp. 25-35.
Kingo Liz. The United Nations Global Compact: The Search for Solutions to Global Problems // UN Chronicle. 2019. Access mode: https://www.un.org/ru/36167 (date of address: 02/24/2023).
Levin, V.S. On the need to disclose non-financial information in the context of sustainable development and ESG risk assessment // Finance. 2022. № 3. Pp. 39-48.
Chenchik Ya.V. How to start accounting for ESG risks in a financial organization // Finance. 2022. № 2. Pp. 33-39.
Keywords:
corporate governance, credit institutions, sustainable development, ESG..
Related Articles
Political identity of Russia in the modern world Pages: 19-28 DOI: 10.33693/2223-0092-2021-11-2-19-28 Issue №18861
Global political agenda of sustainable development in agricultural land use amid mounting global challenges
sustainable development
COVID-19
UN sustainable development goals
global governance
paradigms of agricultural land use
Show more
9. CORPORATE LAW; ENERGY LAW 12.00.07 Pages: 193-197 Issue №16787
Law of corporate governance as part of modern corporate law
corporate law
corporate governance
corporate relations
corporate legal relations
corporation
Show more
11. INNOVATION AND INVESTMENT MANAGEMENT Pages: 177-180 Issue №2768
The development of innovation infrastructure as a factor of sustainable economic development of the country
Innovation infrastructure
sustainable development
innovative system
structural relationship
Show more
13. WORLD AND REGIONAL ECONOMY Pages: 168-171 Issue №4641
CONCEPTUAL FRAMEWORK AND RESEARCH METHODOLOGY THE SUSTAINABILITY OF THE REGIONAL ECONOMY
region
regional economy
sustainable development
control system
Show more
14. INNOVATION AND INVESTMENT MANAGEMENT Pages: 157-162 Issue №5518
THE ROLE OF MODELING IN THE MANAGEMENT OF COMPETITIVE AND SUSTAINABLE DEVELOPMENT OF INNOVATIVE BUSINESS STRUCTURES
modeling
management
competitiveness
the development of a competitive
sustainable development
Show more
10. Financial law; Tax law; Budgetary law; Information Law; Administrative law; Administrative process Pages: 161-162 Issue №2833
The legal principles and financial and legal policy to underpin the banking supervision in the Russian Federation
legal policy
financial policy
credit institutions
banking supervision
legal principles
Show more
ECONOMICS AND NATIONAL ECONOMY MANAGEMENT, MARKETING, MANAGEMENT Pages: 154-158 Issue №2286
Theoretical and methodological bases in the context of change management in power energy sector
change management
the restructuring of the energy
public administration
corporate governance
strategic management industry
Show more
REGIONAL AND SECTORAL ECONOMICS Pages: 234-238 Issue №24576
Research of the Problem of Formation of the Mechanism of Sustainable Development of the Industrial Enterprise Economy
state
system
system approach
enterprise
algorithm
Show more
MANAGEMENT Pages: 239-247 Issue №24178
Forming Sustainable Development of Enterprises Using Innovative Digital Tools to Ensure Competitiveness
sustainable development
digital technologies
innovative tools
competitiveness
implementation
Show more
10. Financial law; Tax law; Budgetary law; Administrative law; Administrative process Pages: 187-191 Issue №5215
The concept of electronic money according to the legislation of Russia and foreign countries
electronic money
national payment system
cash services
credit institutions
Show more