ESG rating as a factor in increasing the competitiveness of companies

Abstract

Currently, one of the development trends is the introduction of ESG principles in the business models of corporations in both the financial and non-financial sectors of the economy.Business adaptation to the principles of environmental (E), social (S) and corporate (G) responsibility, i.e.ESG-transformation, focused on the formation of a responsible attitude of organizations to the preservation and protection of the environment;increasing social responsibility;quality corporate governance.ESG criteria are the basis for compiling various ratings.The participation of businesses in the ESG ratings only confirms their commitment to the concept of sustainable development and is a very important factor, as it improves the reputation and image of the business.ESG rating is recognized as an important tool for the implementation and development of the ESG agenda.As part of the study, the main directions of development of ESG ratings were considered, the content of ESG factors was disclosed, and the analysis of the positions of Kazakhstani companies in ESG ratings was carried out.