Subject. This article deals with the issues of the financial and economic activities of Russian retail counterparties. Objectives. The article aims to identify the peculiarities of accounting for ESG factors in assessing the financial condition of counterparties and justify the need to integrate non-financial sustainable development criteria into the traditional system of business partner analysis. Methods. For the study, we used financial, systems, and comparative analyses, as well as functional and structural analysis. Results. Based on the analysis of ESG factor accounting in assessing the financial condition of counterparties, the article shows that ESG analysis significantly expands traditional financial monitoring, adding predictive and qualitative components. The article identifies the risks of discrepancies in ESG ratings and their impact on information asymmetry and access to financing. Based on the analysis of ESG tool implementation practices, including green factoring, the article looks at how environmental, social, and governance factors affect a company's profitability, liquidity, and capital structure. A need for a comprehensive assessment of counterparties, including ESG analysis, has been identified. Conclusions. Integrating ESG criteria into the counterparty review process can help move from a static assessment of current solvency to a dynamic model for managing long-term risks and the sustainability of partnerships.
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