Responsible Financing: International Standards and Transparency Trends in Doing Business

Responsible financing has ceased to act as a narrow niche of finance market and today it involves more and more responsible finance institutions and companies interested in access to responsible finance tools. The basic condition for responsible financing implies availability of full trustworthy inf...

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Autores principales:	A. D. Levashenko, I. S. Ermokhin
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2021
Materias:	responsible financing non-finance accounting mfso climate change international non-governmental organizations Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/3865f983094644aab5b577ffdc96d660
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spelling	oai:doaj.org-article:3865f983094644aab5b577ffdc96d6602021-11-15T05:20:51ZResponsible Financing: International Standards and Transparency Trends in Doing Business2413-28292587-925110.21686/2413-2829-2021-5-78-85https://doaj.org/article/3865f983094644aab5b577ffdc96d6602021-10-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/1165https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251Responsible financing has ceased to act as a narrow niche of finance market and today it involves more and more responsible finance institutions and companies interested in access to responsible finance tools. The basic condition for responsible financing implies availability of full trustworthy information about non-financial figures of the potential project for investment. Thus non-financial accounting has become an integral element of the responsible financing development in the world. The authors analyze key effective international tools on responsible financing and revealing non-financial information. They give characteristics of stages in shaping the institution of responsible financing. Apart from that they study regulation of responsible financing and non-financial accounting in the EU and Russian law. Today on international finance market we can observe a considerable demand both for developing systems of non-finance accounting standards and harmonization of draft standards, as all accounting standard systems use one and the same notions. The article investigates as an example a recent initiative of MSFO concerning setting-up the Council on sustainability standards. However, we should state the absence of the standard concerning revealing non-finance information by companies in Russia. Proposals were put forward about the development of responsible financing in Russia by making-up legislation in this field.A. D. LevashenkoI. S. ErmokhinPlekhanov Russian University of Economicsarticleresponsible financingnon-finance accountingmfsoclimate changeinternational non-governmental organizationsEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 5, Pp 78-85 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	responsible financing non-finance accounting mfso climate change international non-governmental organizations Economics as a science HB71-74
spellingShingle	responsible financing non-finance accounting mfso climate change international non-governmental organizations Economics as a science HB71-74 A. D. Levashenko I. S. Ermokhin Responsible Financing: International Standards and Transparency Trends in Doing Business
description	Responsible financing has ceased to act as a narrow niche of finance market and today it involves more and more responsible finance institutions and companies interested in access to responsible finance tools. The basic condition for responsible financing implies availability of full trustworthy information about non-financial figures of the potential project for investment. Thus non-financial accounting has become an integral element of the responsible financing development in the world. The authors analyze key effective international tools on responsible financing and revealing non-financial information. They give characteristics of stages in shaping the institution of responsible financing. Apart from that they study regulation of responsible financing and non-financial accounting in the EU and Russian law. Today on international finance market we can observe a considerable demand both for developing systems of non-finance accounting standards and harmonization of draft standards, as all accounting standard systems use one and the same notions. The article investigates as an example a recent initiative of MSFO concerning setting-up the Council on sustainability standards. However, we should state the absence of the standard concerning revealing non-finance information by companies in Russia. Proposals were put forward about the development of responsible financing in Russia by making-up legislation in this field.
format	article
author	A. D. Levashenko I. S. Ermokhin
author_facet	A. D. Levashenko I. S. Ermokhin
author_sort	A. D. Levashenko
title	Responsible Financing: International Standards and Transparency Trends in Doing Business
title_short	Responsible Financing: International Standards and Transparency Trends in Doing Business
title_full	Responsible Financing: International Standards and Transparency Trends in Doing Business
title_fullStr	Responsible Financing: International Standards and Transparency Trends in Doing Business
title_full_unstemmed	Responsible Financing: International Standards and Transparency Trends in Doing Business
title_sort	responsible financing: international standards and transparency trends in doing business
publisher	Plekhanov Russian University of Economics
publishDate	2021
url	https://doaj.org/article/3865f983094644aab5b577ffdc96d660
work_keys_str_mv	AT adlevashenko responsiblefinancinginternationalstandardsandtransparencytrendsindoingbusiness AT isermokhin responsiblefinancinginternationalstandardsandtransparencytrendsindoingbusiness
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Responsible Financing: International Standards and Transparency Trends in Doing Business

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