Efimova O.V.Financial University under Government of Russian Federation, Moscow, Russian Federation email@example.com ORCID id: not available
Importance The article addresses information and analytical support to the mechanism of financial and investment decision validation. Objectives I focus on identification and assessment of the impact of sustainable development factors on investment decision efficiency. Methods I analyze reports of companies recorded in the National Register for Non-financial Reports of the Russian Union of Industrialists and Entrepreneurs, Globalreporting.org global resource, the database of integrated reports registered on the website of the International Integrated Reporting Committee to identify best practices for disclosure of social, environmental and other non-financial information relevant to investment project evaluation. Results The paper substantiates the need to consider sustainable development factors in the investment decision valuation process and offers a comprehensive methodology to analyze the efficiency of investment projects based on requirements of parties involved. It helps integrate critical aspects of sustainability into the decision-making process. The findings may be used to develop analytical procedures for investment justification, taking into account relevant factors of sustainable development and associated non-financial risks. Conclusions The developed approach provides for an integrated assessment of factors of sustainable development that are significant for a particular investment project, a flexible mechanism for their integration into the process of investment decision preparation and validation, and recommendations on using the economic analysis tools and developing the evaluation criteria.
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