Stock exchanges and institutional support of ESG reporting : evidence from Russiater Paper

Given that market capitalisation of listed public companies is roughly equal to the global GDP, even small changes in reporting practices may trigger profound economic implications. According to researchers, proper stock exchanges’ guidelines for ESG disclosures can help address the issues of sustainability data variety and inconsistency.The purpose of the paper is to define Russia’s position in providing ESG reporting guidance to the corporate sector through such institutions as a stock exchange and the Bank of Russia. This purpose is fulfilled through the methodology of comparative analysis of the London Stock Exchange and Nasdaq and of the Bank of Russia. As a result, the authors come to the conclusion that, although there are certain differences between the above mentioned recommendations, there are more similarities, and the overall vector of development in ESG field is similar