Scholarly record
THE ENVIRONMENTAL RISKS IMPACT ON THE INVESTMENT ATTRACTIVENESS OF NATURAL USERS COMPANIES
Abstract
The purpose of the research is to analyze the development of techniques and the formation of ESG -Rating and investment attractiveness of natural resources companies. The basis of the author's technique laid calculation complex rated on the basis of financial and non-financial indicatives: air pollution; water usage; solid waste emission; environmental costs; investment activity. The developed method scientific novelty is in the usage of a systematic approach to the development of the ESG - Rating and due to the account of economic and environmental indicators relationship calculated according to public companies’ reports. Rating is a complex first index, which allows to evaluate not only the impact of the company on the environment, but even the impact of environmental and reputational risks to market’s multipliers. The author's methodology practical value is that the results of the study can be used for investors and government regulators for the increasing the reliability of rating results through the use of open factual data, as well as dynamic indicators (average annual rates of change in indicators), which ensure the comparability of data from different companies. The article presents the results of technique approbation on the example of metallurgical company PJSC "NLMK", which allowed to assess the representativeness of its public data for investors. The research has significant potential in using the rating agencies and investment funds.
Publication Impact Profile
- Citations
- CrossRef - Citation Indexes: 2
- Scopus - Citation Indexes: 0
- Captures
- Mendeley - Readers: 7
Publication details
References15
Site of the Ministry of Natural Resources and Environment of the Russian Federation. URL: https://www.mnr.gov.ru/docs/. (appeal date: 25.04.2021);
Environmental awareness is a long-term competitive advantage. URL: https://plus.rbc.ru/news/5d3afc837a8aa96763a54675 (appeal date 25.04.2021);
Kazakova N.A., Kogdenko V.G. Analysis of Factors Influencing the Level of Environmental Risks of Ferrous Metallurgy Companies. Chernye Metally, 2021(2), 2021, pp. 69–75. http://www.rudmet.ru/journal/1994/article/33549/ DOI: 10.17580/chm.2021.02.12;
Skobelev D., Guseva T., Hjort M., Almgren R., Koh T. Best Available Techniques and Sustainable Development Goals. 19th International Multidisciplinary Scientific GeoConference SGEM 2019. pp. 185-192;
Almgren R., Skobelev D.O. Evolution of Technology and Technology Governance. Journal of Open Innovation: Technology, Market, and Complexity. Vol. 6, № 2, 2020, p. 22;
Rajesh Kumar Bhaskaran, Irene Wei Kiong Ting, Sujit K. Sukumaran, Saraswathy Divakaran Sumod. Environmental, social and governance initiatives and wealth creation for firms: An empirical examination. // Managerial and Decision Economics. Vol.41., Issue 5., 2020, pp. 710-729;
Spaiser V., Ranganathan S., Bali Swain R., Sumpter D. J. T. The sustainable development oxymoron: quantifying and modelling the incompatibility of sustainable development goals. International Journal of Sustainable Development & World Ecology. Vol. 24, Issue 6, 2017, pp.457 – 470;
David Freiberg, DG Park, George Serafeim, T. Robert Zochowski. Corporate Environmental Impact: Measurement, Data, and Information. Harvard Business School. Impact-Weighted Accounts Project Research Report. URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3565533(appeal date: 27.04.2021);
Who is interested in green bonds and why. URL: https://www.kommersant.ru/doc/4140264 (appeal date: 27.04.2021);
Official site of PJSC "NLMK" URL: https://nlmk.com/ru/responsibility/ (appeal date: 28.04.2021);
Savchenkov S.A., Bazhin V.Yu., Volkova O. Tendencies of innovation development of the russian iron and steel industry on the base of patent analytics for the largest national metallurgical companies. CIS Iron and Steel Review. № 2, 2020, pp.76-82;
Kazakova N.A., Kogdenko V.G. Monitoring of the main parameters of environmental safety industrial production // Ecology and Industry of Russia. № 25(3), 2021, pp. 60-65. https://www.ecology-kalvis.ru/jour/article/view/1752 DOI: 10.18412/1816-0395-2021-3-60-65;
RSPP indices in the field of sustainable development, corporate responsibility and reporting - 2020. URL: http://media.rspp.ru/document/1/7/2/720ebd3648bd63795b5095e9c21c1b12.pdf (appeal date: 28.04.2021);
Rating of the openness of mining and metallurgical companies in Russia in the field of environmental responsibility. URL: https://wwf.ru/resources/publications/booklets/reyting-otkrytosti-v-sfere-ekologicheskoy-otvetstvennosti-gornodobyvayushchikh-i-metallurgicheskikh-2019/ (appeal date: 28.04.2021);
Register of non-financial reports, RSPP indices in the field of sustainable development, corporate responsibility and reporting.URL: http://media.rspp.ru/document/1/7/2/720ebd3648bd63795b5095e9c21c1b12.pdf (appeal date: 28.04.2021).
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.