全球负责任(esg)投资监管协调方向:分散还是统一?

A.S. Vorontsova, E.O. Agafonova, S.A. Bilan
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引用次数: 0

摘要

迄今为止,负责任或ESG(环境、社会和公司治理)投资的监管协调过程的特点是分散和统一努力的结合。一方面,负责任投资的监管环境存在明显的碎片化程度。在不同区域和国家层面,正在积极制定和完善各自的ESG信息披露和可持续发展报告的监管框架、标准和准则。特别是欧盟(EU)、英国、美国和加拿大,以及亚太地区的一些国家(澳大利亚、中国、香港、新西兰、新加坡等)取得了特别的进展。例如,欧盟已经迈出了重要的一步,引入了所谓的“三合一”监管工具:可持续发展分类法、企业可持续发展报告指令(CSRD)和可持续财务披露条例(SFDR),旨在标准化ESG报告,并对成员国的可持续发展投资进行分类。这种分散给在不同司法管辖区经营的投资者和公司带来了困难,因为他们必须驾驭和遵守不同的要求。另一方面,统一和协调ESG披露和监管规则的努力正在加大。认识到ESG挑战的全球性,国际组织正在努力建立共同的原则和标准。全球报告倡议组织(GRI)、国际可持续发展标准委员会(ISSB)、气候相关财务披露工作组(TCFD)等倡议在全球范围内获得了突出地位,促进了ESG报告的透明度和一致性。虽然统一的趋势很有希望,但实现负责任投资的全面监管协调仍然具有挑战性。各国之间不同的政治优先事项、文化和经济差异阻碍了建立一个普遍认可的监管框架。然而,越来越多的人认识到ESG的重要性,以及世界各地利益相关者的集体努力表明,越来越多的ESG法规趋于一致。
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DIRECTIONS OF REGULATORY COORDINATION OF RESPONSIBLE (ESG) INVESTMENT IN THE WORLD: FRAGMENTATION OR UNIFICATION?
To date, processes of regulatory coordination of responsible or ESG (Environmental, Social, and Corporate Governance) investing are characterized by a combination of fragmentation and unification efforts. On the one hand, there is a noticeable degree of fragmentation of the regulatory landscape for responsible investing. At the level of different regions and countries, their own regulatory frameworks, standards and guidelines for disclosure of ESG information and sustainability reporting are being actively developed and improved. In particular, the European Union (EU), Great Britain, the USA and Canada, some countries of the Asia-Pacific region (Australia, China, Hong Kong, New Zealand, Singapore, etc.) have made special progress. For example, the EU has taken a significant step with the introduction of the so-called triad of regulatory instruments: the Sustainability Taxonomy, the Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR), aimed at standardizing ESG reporting and classifying investments in sustainable development in member countries. This fragmentation creates difficulties for investors and companies operating in different jurisdictions as they must navigate and comply with different requirements. On the other hand, efforts to unify and harmonize ESG disclosure and regulatory rules are increasing. Recognizing the global nature of ESG challenges, international organizations are working to establish common principles and standards. Initiatives such as the Global Reporting Initiative (GRI), the International Sustainability Standards Board (ISSB), the Task Force on Climate-related Financial Disclosures (TCFD) have gained prominence worldwide, promoting transparency and consistency ESG reporting. While the trend toward unification is promising, achieving full regulatory coordination of responsible investing remains challenging. Different political priorities, cultural and economic differences between countries prevent the creation of a universally recognized regulatory framework. However, the growing recognition of the importance of ESG and the collective efforts of stakeholders around the world indicate a gradual convergence towards more coherent ESG regulations.
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DIRECTIONS OF REGULATORY COORDINATION OF RESPONSIBLE (ESG) INVESTMENT IN THE WORLD: FRAGMENTATION OR UNIFICATION? SYNERGISM OF INFORMATION FROM ANALYSIS, CONTROL AND AUDIT FOR QUALITY MANAGEMENT OF ECONOMIC ENTITY ACTIVITIES SOCIO-ECONOMIC EFFECTIVENESS AND EFFICIENCY OF LIFE ACTIVITIES OF TERRITORIAL COMMUNITIES AND THEIR INVESTMENT POTENTIAL IN WARTIME LEGAL ASPECTS OF USING THE ENVIRONMENTAL TAX TO INFLUENCE THE GREENING OF ECONOMIC ACTIVITIES ORGANIZATIONAL AND LEGAL SUPPORT OF THE RECOVERY AND ECONOMIC DEVELOPMENT OF CITIES IN THE CONTEXT OF THE POST-WAR RECONSTRUCTION OF UKRAINE
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