Latest revision as of 09:06, 19 September 2023

Abstract

This paper analyzes the impact of international standards for responsible business conduct on the financial sector in the world and in Russia, and formulates proposals for the development of regulation in Russia. The relevance of the work lies in the need to analyze the impact of international standards for responsible business conduct on the financial sector in the world and in Russia, as well as to formulate proposals for the development of appropriate regulation in Russia. The study was conducted in 2021. The object of the study is the standards for responsible business conduct in the financial sector. The goal of the study is to analyze the impact of international standards for responsible business conduct on the financial sector in the world and in Russia, and to formulate proposals for the development of regulation in Russia. The following results were obtained: an analysis of the recommendations and standards of international organizations, including the OECD, related to responsible business conduct in the financial sector and their impact on access to financing for Russian companies; an analysis of the approaches of the OECD member countries, including the EU, France, Japan, Canada, and other countries, including China, to the regulation of responsible business conduct in the financial sector and the impact of the regulations adopted by these countries on the Russian companies’ access to financing; an analysis of the practices of legal regulation of responsible business conduct in the financial sector in Russia and their impact on access to finance for Russian companies; formulated proposals for the development of legal regulation of responsible business conduct in the financial sector in Russia in order to ensure access to financing for Russian companies. The practical significance of the work lies in the possibility of using its results for the development of regulatory documents aimed at the development of sustainable (green) financing in Russia, the formation of Russia's position on the OECD platform in relation to the developed standards of responsible financing.

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