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September 2022 (published: 27.09.2022)
Number 3(50)
Home > Issue > Features of ensuring sustainable development at the micro level
Sekushina I.A.
, Lebedeva M.A.
The topic of sustainable development has not ceased to be relevant for several decades. This is also confirmed by the fact that 2022 has been proclaimed the year of research in the field of sustainable development. Most of the works on this topic are devoted to ensuring sustainable development at the macro and meso levels, at the same time, similar studies on the micro level of the economy are not given due attention. The aim of the work was to identify the features of ensuring sustainable development at the micro level. When studying the theoretical aspects of the problem, it is established that sustainable development is ensured only in the socio-ecological and economic system due to the constant, integrated and balanced development of its constituent subsystems, taking into account the connections between them. Connections in such a complex system are dual and carry both positive and negative effects. In addition, it is proved that the company can also be considered as a socio-ecological-economic system, the connections in which work according to the same principles as in a similar system of higher levels. It is revealed that the key differences between the ESG concept and the concept of sustainable development are undemanding to economic growth, as well as the fact that a firm, being an adherent of this standard, may not ensure the balanced development of its subsystems, but only implement individual improvements in each of them. The theoretical significance of the work is to expand the understanding of sustainable development at different levels of the economy. The results can be used by the authorities in implementing the policy of stimulating enterprises to obtain ESG certificates.
Read the full article
Keywords: sustainable development, balanced development, ESG, socio-ecological-economic system, firm.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 338.24
Features of ensuring sustainable development at the micro level
The topic of sustainable development has not ceased to be relevant for several decades. This is also confirmed by the fact that 2022 has been proclaimed the year of research in the field of sustainable development. Most of the works on this topic are devoted to ensuring sustainable development at the macro and meso levels, at the same time, similar studies on the micro level of the economy are not given due attention. The aim of the work was to identify the features of ensuring sustainable development at the micro level. When studying the theoretical aspects of the problem, it is established that sustainable development is ensured only in the socio-ecological and economic system due to the constant, integrated and balanced development of its constituent subsystems, taking into account the connections between them. Connections in such a complex system are dual and carry both positive and negative effects. In addition, it is proved that the company can also be considered as a socio-ecological-economic system, the connections in which work according to the same principles as in a similar system of higher levels. It is revealed that the key differences between the ESG concept and the concept of sustainable development are undemanding to economic growth, as well as the fact that a firm, being an adherent of this standard, may not ensure the balanced development of its subsystems, but only implement individual improvements in each of them. The theoretical significance of the work is to expand the understanding of sustainable development at different levels of the economy. The results can be used by the authorities in implementing the policy of stimulating enterprises to obtain ESG certificates.
Read the full article
Keywords: sustainable development, balanced development, ESG, socio-ecological-economic system, firm.
DOI 10.17586/2310-1172-2022-17-3-50-56