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March 2024 (published: 04.03.2024)
Number 1(56)
Home > Issue > Trends in the introduction of elements of the ESG concept into
the management system of domestic enterprises
Izmaylov M.K.
, Pupentsova S.V.
Creating stable business models is one of the main problems for modern Russian enterprises. Economic characteristics alone are not enough, and one of the options for achieving the goals of stable formation is the introduction of the concept of ESG (Environmental, Social, and Corporate Governance) principles. The introduction of elements of the ESG concept into the management processes of an enterprise is considered to be a fairly relevant issue in the development of current management systems. Taking into account the current geopolitical events, Russian enterprises have moved away from the outside world to one degree or another, therefore, concentration of attention and focus on internal development and, accordingly, building quality relationships with the external environment within the state are of particular importance in their activities. At domestic enterprises, the issue of the lack of attention paid to the protection of the natural environment, to providing personnel with favorable social working conditions, to improving the quality of customer service, as well as to the internal responsibility of a social nature is acute in management systems. All this makes it necessary to study the prospects of introducing elements of the ESG concept into the management system of domestic enterprises. The key objective of this concept is considered to be the regulation and support of the optimal socio-economic balance of the enterprise with the effective use of natural resources and their conservation to meet the needs of current and future generations. This article discusses the prospects for the application of the introduction of elements of the ESG-principles concept into the management system of Russian enterprises, the relevance of the application of the ESG concept under consideration is indicated. The features of the concept of the ESG concept and its components are described, as well as the significance of the introduction and use of ESG principles for Russian enterprises is revealed. As a result of writing the article, conclusions were formed regarding the prospects for the application of ESG principles in the Russian management system. As part of the scientific novelty of the study, an algorithm for introducing the ESG concept into the management system of domestic enterprises is proposed, consisting of successive stages.
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Keywords: ESG concept, management system, principles, criteria, transformation, rating, environmental component, corporate governance.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 316.422.42
Trends in the introduction of elements of the ESG concept into
the management system of domestic enterprises
Creating stable business models is one of the main problems for modern Russian enterprises. Economic characteristics alone are not enough, and one of the options for achieving the goals of stable formation is the introduction of the concept of ESG (Environmental, Social, and Corporate Governance) principles. The introduction of elements of the ESG concept into the management processes of an enterprise is considered to be a fairly relevant issue in the development of current management systems. Taking into account the current geopolitical events, Russian enterprises have moved away from the outside world to one degree or another, therefore, concentration of attention and focus on internal development and, accordingly, building quality relationships with the external environment within the state are of particular importance in their activities. At domestic enterprises, the issue of the lack of attention paid to the protection of the natural environment, to providing personnel with favorable social working conditions, to improving the quality of customer service, as well as to the internal responsibility of a social nature is acute in management systems. All this makes it necessary to study the prospects of introducing elements of the ESG concept into the management system of domestic enterprises. The key objective of this concept is considered to be the regulation and support of the optimal socio-economic balance of the enterprise with the effective use of natural resources and their conservation to meet the needs of current and future generations. This article discusses the prospects for the application of the introduction of elements of the ESG-principles concept into the management system of Russian enterprises, the relevance of the application of the ESG concept under consideration is indicated. The features of the concept of the ESG concept and its components are described, as well as the significance of the introduction and use of ESG principles for Russian enterprises is revealed. As a result of writing the article, conclusions were formed regarding the prospects for the application of ESG principles in the Russian management system. As part of the scientific novelty of the study, an algorithm for introducing the ESG concept into the management system of domestic enterprises is proposed, consisting of successive stages.
Read the full article
Keywords: ESG concept, management system, principles, criteria, transformation, rating, environmental component, corporate governance.
DOI 10.17586/2310-1172-2024-17-1-42-50