THE CONTENT OF THE ORGANIZATION'S PREPARATION STAGES FOR PARTICIPATION IN THE SUSTAINABLE DEVELOPMENT RATING TAKING INTO ACCOUNT ESG FACTORS

Abstract

The article gives an excursion into the history of the general approach to the formation of ratings. The fact of the growing importance of rating companies in the financial and non-financial sectors of the economy, as a tool for assessing the achievements of organizations, is noted. The general structure of the stages of preparing a company for rating in the field of achieving sustainable development goals with an emphasis on non-financial ratings, taking into account ESG factors, is considered. The main rating companies were named and a comparison of a number of parameters of the Methodologies and Assessment Methods proposed by them was carried out. The main directions of the rating assessment are formulated, as well as the content of sections, groups, subgroups, target criteria, indicators. The performed analysis allows, on the one hand, to group, and, on the other hand, to detail the stages of preparation for rating, mainly for organizations of the higher education system. Particular attention is paid to the ESG section of block G- “Corporate governance”. Within this section, the main requirements for the formation of criteria and indicators of the ESG rating in the field of relations with stakeholders and non-financial reporting on sustainable development are deciphered. The composition of the information disclosed by universities in the sustainability report has been systematized. A general conclusion is made about the need for a systematic approach to the preparation, implementation and monitoring of a strategy and step-by-step actions developed by an individually developed organization in the direction of progressive movement towards the achievement of sustainable development goals with a focus on ESG. It is noted that the directions and criteria for rating, in particular, depend on the choice of a corporate governance model.