Trends in the Legal Regulation of ESG Banking under Sanctions
https://doi.org/10.17803/2311-5998.2023.101.1.080-093
Abstract
The sustainable Development agenda has long been a stable trend in the global economy. Russia has been included in this global theme for a long time. Legislation, regulations and recommendation documents were being developed in the country, special tools were being created, primarily in the banking sector. At the same time, the CODID-19 pandemic and the wave of sanctions pressure that
followed it raised the question of the expediency of further development of the ESG agenda in Russia. The article discusses the features of the legal regulation of ESG banking under the conditions of sanctions pressure. It is noted that the sustainable development agenda remains relevant in Russia, but is currently focused more on solving internal problems. The most important areas of ESG banking are: the development of universal terminology and a system of legal categories, taxonomy, ESG reporting, ratings, features of accounting for ESG factors in lending and financing procedures, as well as corporate governance and compliance control.
Proposals are formulated to improve the regulatory and legal regulation of ESG banking in Russia.
About the Author
D. G. Alekseeva
Kutafin Moscow State Law University (MSAL);
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Diana G. Alekseeva, Professor of Banking law Department;
Professor of the Faculty of Law;
Dr. Sci. (Law),
9, ul. Sadovaya-Kudrinskaya, Moscow, 125993
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Review
For citations:
Alekseeva D.G. Trends in the Legal Regulation of ESG Banking under Sanctions. Courier of Kutafin Moscow State Law University (MSAL)). 2023;(1):80-93. (In Russ.) https://doi.org/10.17803/2311-5998.2023.101.1.080-093
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