MANAGEMENT OF SUSTAINABLE DEVELOPMENT OF ENTERPRISE BASED ON ESG-STANDARDS

Abstract

The problems of implementing the theory of sustainable development in the activities of the enterprise and the formation of sustainable entrepreneurship are studied. It is substantiated that the private sector is the most important leader in implementing the principles of sustainable development in the practical plane, as it is the main producer of goods and services, a taxpayer. The concept of managing the sustainable development of the enterprise based on ESG standards is formulated, which includes theoretical, integration and instrumental components. The theoretical component consists of the theoretical concept of sustainable development and its interconnection with the theory of corporate social responsibility and the stakeholder approach to management.

The integration component is represented by ESG standards, which in our opinion include ESG-Goals, ESG-Reporting, ESG-Policy. The instrumental component of the concept includes practical tools for implementing the theory of sustainable development in the corporate governance system and includes: principles, methods and processes.

The mechanism of integrating ESG-Policy into individual functional areas of corporate governance is disclosed. It is substantiated that the management of sustainable development of an enterprise should be based on the principles of the triple criterion, integration into the general management system, synergy and innovation. The implementation of these principles ensures the integration of the concept of sustainable development into the practice of corporate governance. The main system of methods for managing sustainable development of an enterprise and their scope of application, the structural and logical scheme of the process of managing sustainable development of an enterprise are outlined. The substantiated structural and logical scheme of managing sustainable development of an enterprise shows that this process is implemented at the enterprise not as a separate functional direction of management, but integrated into the corporate governance system of the enterprise.

Keywords: sustainable development, sustainable development goals (ESG-goals), sustainable development reporting (ESG-Reporting), sustainable development policy (ESG-Policy), sustainable development standards (ESG-Standards), corporate social responsibility, stakeholder approach.