Stress Testing the Impact of Esg-Factors on Companies in the Metals Industry

S tresstest in ga saneffecti v em et h o dofris kmana ge m e n tandcrisismana ge m e n tc anser v ea saneffecti v etoolforpre d ict in gf inan cialstabilit y,partic u l a rl yund ert h eimpactofES Gris k sforco mpan iesin various industries working on the subjects’ territory oft h eRu ss ianFe d er a tio n.Th ea rticleco n s id ersana ppro a c htostresstest in ga lgorit hmd e v elop m e n t form et a lsindu str y. Att h e first st a get h ec u rre n tst a teoft h em et a ls indu str yand trends of further development observed by analysts are considered, the largestd o m esticreprese n t a ti v esofm et a ll u rg ya reana l yzedandt h eirk e yt a rgetsandcostsofenv iron men t a lprojectsareh ig h lig h te d.Furt h er ,i ndu str yris kd ri v ersfororg an i za tionsd o in gb u s in essin the metals industry are presented. After identifying risk drivers, ana ppro a c htoa ssess m e n toft h eimpactofid e n tifie dES Gris k sisprese n te d,t h e nana lgorit hmfora ssess in gt h eimpactofES Gris k so nt h ec a s hflo woft h eRu ss ianm et a lsindu str yco mpanyisfor mu l a te danda scheme of ESG stress testing for a metallurgicalco m pa nyisprese n te d.Th eco n cl u sio noft he study identifies various mathematical modelst ha tc anbeu se dtoimpro v et h eforec a stq ua lit yoft h eimpactofES Gf a ctors ,gi v est h ek e yc ha lle n gestoberesol v e dfort h ed e v elop m e n tofES Gris kmana ge m e n tandt h eimpro v e m e n tofES Gc u lt u rein the business community as a whole, and summarizes thebe n efitsofES Gstresstest in g,wh ic hc anbeu se dfora whole list of different managerialandm et h o d ologic a la ctio n s .