Subject. We explore financial and economic activities of energy companies of the Russian Federation in the context of sustainable development Objectives. The purpose is to assess the state of the energy industry in Russia and prospects for its sustainable development, considering the Russian and international standards, ESG principles. Methods. For integrated approach to the study of sustainable development of Russian energy companies, we employed general scientific and special methods of scientific knowledge, like systems and comparative analysis, functional and structural analysis. Results. We assessed the sustainable development in energy companies, identified risks and factors contributing to Russia's transition to sustainable development, defined flows and the information component of this process. We also examined methods for independent assessment of the state of sustainable development of organizations based on the data of their non-financial reporting, and compared Russian energy companies according to sustainability standards. Conclusions. Based on the analysis, we conclude that Russian energy companies are trying to implement ESG principles in their strategies and diversify their investment flows in the environmental, social, and corporate governance area. This indicates that Russian companies are ready to implement this initiative and their management is aware of ESG factors as a way to popularize and increase the investment attractiveness of the company in the stock market. To develop our own approaches to assessing sustainable development in Russia, based on non-financial reporting of organizations, is essential for solving environmental problems in the energy sector, forming a new development concept with investment in energy-saving technologies.
Keywords: sustainable development, energy complex, investment, non-financial reporting, ESG rating
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