CONSIDERING ESG FACTORS WHEN ASSESSING THE FINANCIAL CONDITION OF COUNTERPARTIES IN A SHRINKING MARKET AND COST ESCALATION
縮小市場とコスト上昇における取引先の財務状況評価時のESG要素の考慮 (AI 翻訳)
L. Pashtova, Veronika D. Mironova, Vera E. Ivashchenko
🤖 gxceed AI 要約
日本語
本論文は、ロシアの小売業界における取引先の財務状態評価にESG要素を統合する必要性を論じる。従来の財務分析に非財務的持続可能性基準を加えることで、予測的・質的要素を取り入れた動的なリスク管理モデルへの移行を提案している。ESG格付けの不一致に起因する情報非対称性や資金調達への影響も指摘されている。
English
This paper examines the integration of ESG factors into financial condition assessment of counterparties in the Russian retail sector. It argues that ESG analysis expands traditional financial monitoring by adding predictive and qualitative components, enabling a shift from static solvency assessment to dynamic long-term risk management. The study identifies risks from ESG rating discrepancies and discusses green factoring as a practical tool.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準が策定中であり、ESG要素を取引先評価に組み込む動きはまだ限定的。ロシア市場特有の文脈ではあるが、金融モニタリングの高度化や情報非対称性のリスク認識は日本企業にも示唆を与える。
In the global GX context
This paper offers insights for global practitioners on integrating ESG into counterparty risk assessment, a growing focus under frameworks like TCFD and ISSB. While Russia-specific, the discussion on green factoring and rating discrepancies is relevant to emerging markets and supply chain finance.
👥 読者別の含意
🔬研究者:Provides a framework for analyzing ESG integration in financial monitoring, useful for scholars studying non-financial risk assessment in emerging markets.
🏢実務担当者:Corporate sustainability teams can adopt the proposed dynamic model for counterparty ESG evaluation, particularly regarding green factoring and rating risk management.
🏛政策担当者:Regulators may note the risks of ESG rating inconsistencies and the need for standardized approaches in counterparty assessment.
📄 Abstract（原文）
Subject. This article deals with the issues of the financial and economic activities of Russian retail counterparties. Objectives. The article aims to identify the peculiarities of accounting for ESG factors in assessing the financial condition of counterparties and justify the need to integrate non-financial sustainable development criteria into the traditional system of business partner analysis. Methods. For the study, we used financial, systems, and comparative analyses, as well as functional and structural analysis. Results. Based on the analysis of ESG factor accounting in assessing the financial condition of counterparties, the article shows that ESG analysis significantly expands traditional financial monitoring, adding predictive and qualitative components. The article identifies the risks of discrepancies in ESG ratings and their impact on information asymmetry and access to financing. Based on the analysis of ESG tool implementation practices, including green factoring, the article looks at how environmental, social, and governance factors affect a company's profitability, liquidity, and capital structure. A need for a comprehensive assessment of counterparties, including ESG analysis, has been identified. Conclusions. Integrating ESG criteria into the counterparty review process can help move from a static assessment of current solvency to a dynamic model for managing long-term risks and the sustainability of partnerships.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.24891/dfnrdcfirst seen 2026-07-18 07:45:40
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