Top.Mail.Ru
Preview

Vestnik Universiteta

Advanced search

Russian retail ESG transformations development

https://doi.org/10.26425/1816-4277-2022-9-72-80

Abstract

The article analyse the formation of the sustainable development paradigm and the ESG agenda in Russia. The activities of the largest Russian retailers: leaders in sustainable development and companies with a weaker position in this area is revealed. The relationship between the form of the company and its position in the ESG ratings has been noted. Thus, companies that are required to provide information publicly are higher in level than non-public ones. A characteristic feature of passing the ESG rating assessment is getting high scores in terms of the G-aspect and the E-aspect associated with the demands of the modern market. The authors recommended deepening activities in the field of sustainable development in terms of training employees in digital and environmental competencies, and to strengthen communication strategies regarding the ESG agenda of the largest retailers.

About the Authors

V. A. Edemskaya
Russian University of Transport
Russian Federation

Graduate Student,

Moscow



E. D. Davydova
Russian University of Transport
Russian Federation

Graduate Student, 

Moscow



Ph. I. Sukhov
Russian University of Transport
Russian Federation

Cand. Sci. (Tech.), Assoc. Prof. at the Department of Chemistry and Environmental Engineering,

Moscow



References

1. UN. Development and international economic cooperation. Report of the world commission on environment and development: Our common future. 1987. https://www.un.org/ru/ga/pdf/brundtland.pdf (accessed 20.06.2022).

2. Efimova O.V., Volkov M.A., Korolyova D.A. The impact of ESG factors on asset returns: empirical research. Finance: Theory and Practice. 2021;25(4):82–97. https://doi.org/10.26794/2587-5671-2021-25-4-82-97

3. Izmailova M.A. Sustainable development as a new component of corporate social responsibility. MIR (Modernization. Innovations. Research). 2021;12(2):100−113. https://doi.org/10.18184/2079-4665.2021.12.2.100-113

4. Miroshnichenko O.S., Brand N.A. Banks financing the green economy: a review of current research. Finance: Theory and Practice. 2021;25(2):76–95. https://doi.org/10.26794/2587-5671-2021-25-2-76-95

5. Galazova S.S. Influence of ESG-factors on sustainable development of companies and financial performance of corporate sector. Vestnik Rostovskogo gosudarstvennogo ekonomicheskogo universiteta “RINKh”. 2018;64:81−86.

6. Ovechkin D.V. Responsible investment: impact of ESG rating on firms’ profitability and expected return on the stock market. Scientific Journal NRU ITMO. Series: Economics and Environmental Management. 2021;(1):43−53. https://doi.org/10.17586/2310-1172-2021-14-1-43-53

7. Gruzdeva K.N., Zaborovskaya A.E. ESG concept as a guideline for the sustainable development of the Russian banking sector. In: Russian regions in the focus of change: a collection of reports in two volumes, November 18−20, 2021, Yekaterinburg. Vol. 2. Yekaterinburg: UrFU; 2022. P. 405−409. (In Russian).

8. Popov V.G., Sukhov F.I., Chamova Yu.A. Choice the strategy of energy and resource saving as part of environment policy. Bezopasnost’ zhiznedeyatel’nosti. 2016;182:31−35.

9. Sukhov F.I., Zhuravlev A.N., Borovkov Yu.N. Safety culture in transport. Transport, transportnye sooruzheniya, ekologiya. 2019;(1):46−53. https://doi.org/10.15593/24111678/2019.01.06

10. Edemskaya V.A. The role of LEED and BREEAM environmental standards in providing a ealthier and safer space. In: Aleshkovsky I.A. et al (eds). Proceedings of XXVIII International Scientific Conference of Students, Postgraduate Students and Young Scientists “Lomonosov”, Moscow, 12−23 April 2021. Moscow: MAKS Press; 2021. (In Russian).

11. Toxina E.V. Questions of nature space crisis: financial organizations in the formation of environmental culture. Terra Economicus. 2010;8(1−3):110−116.

12. Chulanova O.L., Ryabova A.M., Kolesov O.S. Research on the integration of green office technologies and well-being into work with the personnel of modern organizations. The Eurasian Scientific Journal [online]. 2021;13(1). https://esj.today/PDF/52ECVN121.pdf (accessed 25.06.2022).

13. Suvorova S.D., Kulikova O.M. Overview of the main trends that have changed business processes in grocery retail. Innovatsionnaya ekonomika: perspektivy razvitiya i sovershenstvovaniya. 2021;7(57):90–95. https://doi.org/10.47581/2021/PS-3/IE.7.57.15

14. INFOLine. INFOLine Retail Russia TOP-100. Results of 2020. Trends in 2021. Forecast until 2023. (Research). https://marketing.rbc.ru/research/47372/ (accessed 25.06.2022). (In Russian).

15. INFOLine. INFOLine: “Svetofor” was ranked 5th in the top 10 FMCG chains and became the leader in terms of space growth. https://www.retail.ru/news/infoline-svetofor-zanyal-5-e-mesto-v-top-10-fmcg-setey-i-stal-liderom-po-rostu-p9-fevralya-2022-213630/ (accessed 25.06.2022). (In Russian).

16. Sergiyan K.S., Mudrova L.I. The development of the consumer market in Russia in the conditions of fierce competition between world and domestic retail chains. Economical Herald of Rostov State University. 2008;6(1−3):421−425.

17. Center for Spatial Research “Geointellect”. Monitoring of retail expansion for 3 years. Study of promising regions of the Russian Federation for the development of retail trade networks. https://www.retail.ru/articles/monitoring-ekspansii-riteyla-za-3-goda-kuda-idet-oflayn-roznitsa/ (accessed 19.06.2022). (In Russian).

18. Russian Union of Industrialists and Entrepreneurs. RSPP Indices in the field of sustainable development, corporate responsibility and reporting 2021 (ESG-indices) “Responsibility and Openness” and “Sustainability Vector”. http://media.rspp.ru/document/1/f/d/fd4da5018c29f1feccb87df3b30aa1de.pdf (accessed 22.06.2022). (In Russian).

19. RAEX. Russian Union of Industrialists and Entrepreneurs RSPP Indices in the field of sustainable development, corporate responsibility and reporting 2021 (ESG-indices). Ranking: ESG-Ranking of Russian companies dated 15.05.2022. http://media.rspp.ru/document/1/f/d/fd4da5018c29f1feccb87df3b30aa1de.pdf (accessed 22.06.2022). (In Russian).


Review

For citations:


Edemskaya V.A., Davydova E.D., Sukhov P.I. Russian retail ESG transformations development. Vestnik Universiteta. 2022;(9):72-80. (In Russ.) https://doi.org/10.26425/1816-4277-2022-9-72-80

Views: 660


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1816-4277 (Print)
ISSN 2686-8415 (Online)