ESG as an innovative tool to improve the efficiency and financial stability of financial organizations

The concept of sustainable development is a trend of the times and changes the core values of society. Today, various industries are trying to incorporate ESG factors into their daily operations, including many small and medium-sized enterprises. One reason is that ESG can help ensure the sustainabi...

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Bibliographic Details
Published in:Procedia computer science 2023, Vol.221, p.705-709
Main Author: Andrey, Egorov
Format: Article
Language:English
Subjects:
efficiency
ESG factors
ESG principles
financial stability
innovative tool
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Summary:The concept of sustainable development is a trend of the times and changes the core values of society. Today, various industries are trying to incorporate ESG factors into their daily operations, including many small and medium-sized enterprises. One reason is that ESG can help ensure the sustainability of a company, and it is a profitable business strategy that benefits in both the short and long term. In addition, ESG is a coherent direction in the global market, so companies specializing in the international market or intending to expand abroad need to be aware of the relevant information. The advantage is that applying ESG factors to day-to-day operations can help companies manage and obtain financing solutions such as bank loans, private equity, equity financing and trade finance. Investors are more likely to contact these companies to further advance the development of ESG. The purpose of the study is to assess the role of ESG in ensuring financial stability and improving the efficiency of financial companies.
ISSN:1877-0509
1877-0509
DOI:10.1016/j.procs.2023.08.041