Subject. ESG factors (Environmental, Social, Governance) and their impact on financial performance in the Russian context. Objectives. To systematize and analyze the results of quantitative studies on the influence of ESG factors on the financial performance of Russian companies. Methods. The research employs general scientific methods, along with retrospective analysis and systematization. Results. Approaches to assessing the impact of adherence to ESG principles on companies’ financial performance have been summarized and systematized, with a focus on Russian enterprises in the study sample. The analysis has revealed the ambiguous nature of the influence of ESG practices on financial indicators. Some studies confirm a positive correlation between the adoption of ESG principles and improved profitability, reduced cost of capital, and increased company value, while other research points to the absence of a significant relationship or even a negative impact. It has also been noted that quantitative methods are used less frequently in Russian studies compared to international ones, which may reduce the reliability of the findings. Conclusions. For Russian companies, integrating ESG principles into business operations may contribute to improved profitability metrics, a lower cost of raised capital, and an increase in company value.
Keywords: ESG, ESG factors, business value, financial performance, sustainable development
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