ESG factors in reputational risk assessment of Russian banks

This article discusses risks for financial institutions associated with the transition to sustainable development and aims determine role of ESG factors in maintaining reputation Russian banks based on a risk assessment methodology that assumes factors, which we test using data systemically important banks. The achievement this goal is mediated by methods theoretical analysis publications, use ratings ranking, quantitative methods. Key positions conclusions are formulated within concept green economy. main hypothesis banks, influence business manifested same way as foreign counterparts: positive changes efforts achieving goals contribute indicators strengthening reputation. It was revealed really growth but they can occur against background both improvement deterioration dynamics indicators, is, study partially confirmed. A possible reason features modern stage formation economy Russia. Under these conditions, it becomes avoid alarmist sentiment premature purposes banking regulation or investment decisions.