Investment risk management specifics in ESG investing: CEE stock markets examining

One of the most dynamic trends in development modern market financial investments is ESG investing. Investing which based on inclusion Environmental, Social and Governance criteria into consideration. In this case, there an actual problem analysis mapping with investment risk management. This article considers specific features assessments For purpose, S&P Global system scores was used. The for both direct portfolio were considered. dichotomy between approaches diversification prioritization had been identified. offers expansion management within framework a three-criteria optimization model (risk, return, score criteria). justifies decision basis construction effective set pair “risk – score” provides analogue classical frontier line theory. implementation approach carried out to companies included stock index baskets three Central Eastern European (CEE) markets: Poland, Czech Republic Hungary.
 JEL classіfіcatіon: G11