Subject. The article considers the impact of environmental factors on building the loan portfolio model in a commercial bank. Objectives. The aims are to introduce environmental factors and assess ESG risks in the process of loan portfolio construction, identify the significance of their impact on the loan portfolio, and create a new model of loan portfolio formation. Methods. Based on analysis and synthesis and the model used, the study offers creating a new model of loan portfolio formation to reduce risks and improve its quality. Results. The study assessed the modern methodology for loan portfolio formation, revealed that currently, environmental factors are disregarded when issuing loans. I proposed a new model to disburse loans and build a loan portfolio, which will enable to enhance the loan portfolio quality. Conclusions. The introduction of ESG principles is a key factor, but it is at an unsatisfactory level and slowly developing. This reduces the quality of loans issued, which negatively affects the financial condition of credit institutions in the Russian Federation. If applied, the offered model would provide an optimal ratio between risks and the profitability of loan portfolio.
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