Corporate Social Responsibility of Commercial Credit Organizations in the Green Economy

The research explores current issues in the development of corporate social responsibility (CSR) among credit institutions, reflecting contemporary trends in the green economy. The authors emphasize the role and significance of credit organizations in implementing the principles of sustainable banking, encompassing comprehensive modernization and the embrace of the green economy. Climate change and the associated risks stand as one of the primary global challenges, significantly impacting the quality of life for populations and the long-term economic stability worldwide. The results of implementing CSR in business find expression in corporate social reporting. The key users (stakeholders) of the CSR reports of credit institutions are considered. The legislative and regulatory framework, according to which corporate social reports are formed. The procedure for presenting this reporting is also examined. The specifics of applying non-financial reporting by credit institutions in Russia are defined. The current situation and possible directions for the further development of the corporate social responsibility of credit institutions are considered. Russian businesses have not postponed the green agenda for better times amid an extremely unfavorable economic environment. Forced reformatting and resource consolidation have taken place. The further development of ESG reporting is associated with the formation and changes in corporate governance practices, the integration of ESG into the corporate governance system, the quality of risk management, new standards for corporate reporting in the field of sustainable development and ESG, climate agenda, and decarbonization.