THE IMPACT OF ESG RATINGS ON THE FINANCIAL PERFORMANCE OF COMPANIES IN VARIOUS SECTORS OF THE RUSSIAN FEDERATION

This article examines the impact of ESG ratings on the corporate financial performance of Russian companies in various sectors. The results of the ESG rating components for components E, S, G for the period 2023 for companies included in the rating list with ESG ratings from the RAEX rating agency were selected as the object of the study. The purpose of the article is an empirical study of the impact of the components of ESG indicators on the financial performance of companies in various sectors of the Russian Federation. Correlation analysis was used to achieve this goal. The results of the analysis showed that the impact of ESG indicators on financial stability varies depending on the sector. In some sectors, such as financial and technological, the most negative effect is observed in the social indicator S. Companies in this group are experiencing difficulties with the qualitative transition of social initiatives into economic results. In the energy and raw materials sector, there is a positive impact of management initiatives on assessing the sustainability of companies. In the consumer sector and retail trade group, there was no noticeable effect of E, S, G indicators on the financial performance of companies. In conclusion, the study emphasizes the need for further study of other factors affecting the financial stability of companies, and recommends using more comprehensive approaches to analyzing the relationship between ESG and financial indicators.