TOOLS FOR INVESTMENT MARKET DEVELOPMENT AND RULES FOR RESPONSIBLE FINANCE

Since the beginning of the twenty-first century, the world of investment has been operating in a context of transformation of global and national economies towards reducing the consumption of carbon resources and sustainable development, taking into account environmental, social and corporate governance (hereinafter referred to as ESG) factors. Financial market participants are redirecting financial flows, directing investments to companies that meet accepted ESG standards.
As usual, in the new conditions the processes of economic modernization face a large number of challenges. Likewise, ESG investments face problems of lack of information, lack of uniformity in the assessments of ESG factors by experts, lack of standardization and terminological discrepancies. In this regard, the purpose of this work is to develop approaches to expanding the investment market based on the formation of tools for sustainable development.
However, in recent years, the understanding of environmental and governance issues, the development of the system for regulating ESG investing and the expansion of opportunities to stimulate this sector, allow us to note a significant increase in the dynamics of investor investments in companies with a positive ESG factor.
In connection with the development of sustainable development trends, the financial market is expanding the possibilities of using responsible investment practices, which, among other things, give investors the opportunity to receive additional financial results from investments in instruments formed on the basis of ESG factors. Therefore, the development of approaches to expanding these practices, studying the problems and opportunities of using ESG standards in investment activities, developing approaches to applying sustainable development in government programs, analyzing the prerequisites for changing the methodological base and infrastructure of ESG investing determine the relevance of this work.