Formation of Corporate Governance in Credit Institutions that are Aimed at Implementing a Sustainable Development Strategy

The purpose of the research. The article reveals the specifics of the implementation of corporate social responsibility in the banking sector. The author evaluates the existing legal regulation in the field of sustainable development. The purpose of the study is to identify the mutual influence of the corporate governance system in a credit institution and factors related to the environment and society. The article examines the benefits of implementing sustainable development goals and taking into account ESG factors in the activities of credit institutions. The author notes the need to take into account the social and environmental agenda when making management decisions by a credit institution. The article reflects the following aspects of taking into account the Sustainable Development Goals and ESG factors: in the economic activities of credit institutions and in relations with counterparties, in the process of risk management, in the framework of investment activities. Results. The article presents mechanisms for introducing sustainable development issues and ESG factors into corporate governance of credit institutions, including through reforming the system of internal bodies, fixing goals and values in local acts of the organization, effective disclosure of non-financial information. The author emphasizes the active role of the Board of Directors in the implementation of the ESG strategy. The article concludes that there is a need for partnership between a credit institution and a wide range of stakeholders for effective and full consideration of sustainable development goals and ESG factors in the activities of a credit institution.