Legal Foundations for Ratings Activities for the Sustainable Development Goals

Sustainable development as an urgent agenda for the formation and implementation of social relations in the modern world is focused on solving a variety of problems that the states and society are facing, and that affect a variety of legal relations. Law, being a system of norms governing social relations, also covers relations in the field of sustainable development. Comparative methodology in relation to sustainable development is manifested through the prism of evaluating activities aimed at assessing compliance with various norms in the field of sustainable development. The main problem is that ESG evaluation of different providers of relevant services differ significantly due to differences in approaches to the analysis of ESG ratings of different rating agencies. A clear and transparent system for rating and evaluating the compliance of the activities of legal entities with the principles of sustainable development based on effective normative regulation in the context of different approaches to rating models in the field of sustainable development, as well as ESG standards that differ in the world, is an essential component of the implementation of ESG principles both at the international level and in the context of the development of the Russian national standard for sustainable development.

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