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June 2024 (published: 06.06.2024)
Number 2(57)
Home > Issue > Integration of the ESG concept into management strategy:
global experience and prospects for Russia
Izmaylov M.K.
, Pupentsova S.V.
In view of recent developments in the global community, there is a clear trend towards the introduction of ESG-principles related to environmental protection, improvement of working conditions and improvement of corporate governance in the development strategy of organizations. The relevance of the topic is determined by the fact that the current geopolitical situation has to some extent separated Russian enterprises from the world community, which indicates the importance of focusing the attention of their managers on internal development and the ability to build quality relationships at the macro level, taking into account internal factors, with participation in solving environmental and social problems, with the increasing need to apply the concept of ESG. The purpose of the article is to identify the prospects of development and improvement of the strategic management system of Russian enterprises by introducing the ESG concept, taking into account the generalization of world experience. The authors systematize the world modern trends of strategic planning and implementation of ESG concept in management activity, and also determine their influence on strategic management of Russian enterprises. Strategic directions in the implementation of ESG concept in the goals of domestic enterprises are defined. The leaders of Russian business in terms of the degree of development of management activity of enterprises when using the concept of ESG on the basis of rating RAEX-Europe Agency. The primary tasks contributing to the integration of the ESG concept in the strategic management of Russian enterprises were formed. It is noted that Russia, being a member of the international community, takes an active part and provides support for initiatives in the development of the ESG concept in strategic management.
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Keywords: ESG concept, management, principles, transformation, rating, management, strategy.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 658
Integration of the ESG concept into management strategy:
global experience and prospects for Russia
In view of recent developments in the global community, there is a clear trend towards the introduction of ESG-principles related to environmental protection, improvement of working conditions and improvement of corporate governance in the development strategy of organizations. The relevance of the topic is determined by the fact that the current geopolitical situation has to some extent separated Russian enterprises from the world community, which indicates the importance of focusing the attention of their managers on internal development and the ability to build quality relationships at the macro level, taking into account internal factors, with participation in solving environmental and social problems, with the increasing need to apply the concept of ESG. The purpose of the article is to identify the prospects of development and improvement of the strategic management system of Russian enterprises by introducing the ESG concept, taking into account the generalization of world experience. The authors systematize the world modern trends of strategic planning and implementation of ESG concept in management activity, and also determine their influence on strategic management of Russian enterprises. Strategic directions in the implementation of ESG concept in the goals of domestic enterprises are defined. The leaders of Russian business in terms of the degree of development of management activity of enterprises when using the concept of ESG on the basis of rating RAEX-Europe Agency. The primary tasks contributing to the integration of the ESG concept in the strategic management of Russian enterprises were formed. It is noted that Russia, being a member of the international community, takes an active part and provides support for initiatives in the development of the ESG concept in strategic management.
Read the full article
Keywords: ESG concept, management, principles, transformation, rating, management, strategy.
DOI 10.17586/2310-1172-2024-18-2-58-66