ORGANIZATION MODEL OF ESG-AUDIT IN THE PUBLIC SECTOR

Abstract

In recent years, sustainable development has become one of the priorities of many government agencies, including the Accounts Chamber of the Russian Federation, which is manifested in the implementation of the ESG concept, including writing an ESG Audit Manual, conducting expert and analytical activities in the field of sustainable development and other initiatives. A study of the implementation of the ESG agenda can help identify problems and obstacles that the financial control authority may face when implementing this concept. Also, this study can help identify effective mechanisms for controlling and monitoring social, environmental and managerial risks in the expenditure of public finances. Today, more and more companies and investors are guided by the principles of sustainable development and responsibility to society and the environment. ESG-investing takes into account not only the financial performance of companies, but also their social responsibility, relations with the environment and the quality of management. In turn, the Sustainable Development Goals established by the UN within the framework of the Global Sustainable Development Goal 2030 include the solution of many social, economic and environmental problems in the world. The analysis of the implementation of the ESG agenda and the achievement of the Sustainable Development Goals is of great importance for the state, business and investors, as it allows assessing the compliance of companies and investment portfolios with the requirements of sustainable development and determining their competitive advantages in the long term. The study of this topic has not only theoretical, but also practical significance, since it allows us to identify trends in the development of the ESG agenda, and can also contribute to the development of recommendations and proposals for improving state financial control, taking into account the principles of sustainable development.