Problems of integration of ESG standards into the practice of Russian corporate governance

Over the past decade and a half, interest in sustainable development topics and the principles of ESG has been consistently at a high level. A large number of foreign academic researchers and representatives of the business community consider these issues as the central theme of management science a...

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Main Authors: Maksimov Maksim, Anokhina Marina, Kolesnikov Anatoliy
Format: Article
Language:English
Published: EDP Sciences 2023-01-01
Series:E3S Web of Conferences
Subjects:
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08031.pdf
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author Maksimov Maksim
Anokhina Marina
Kolesnikov Anatoliy
author_facet Maksimov Maksim
Anokhina Marina
Kolesnikov Anatoliy
author_sort Maksimov Maksim
collection DOAJ
description Over the past decade and a half, interest in sustainable development topics and the principles of ESG has been consistently at a high level. A large number of foreign academic researchers and representatives of the business community consider these issues as the central theme of management science and practice in the current socio-economic realities. In general, it can be stated that in the paradigm of globalism, actively promoted by the United States and a number of its allies over the past two decades, the concepts of green transition, zero hydrocarbon footprint, gender, and racial diversity, specific requirements for CSR and other incarnations of ESG approaches were perceived as key to business success and competitiveness. To date, the globalist track of the development of the world economy is no longer considered as the only possible one and corresponding to the needs of the development of national economies. At the same time, it should not be denied that a number of provisions used in the ESG concepts are extremely rational and universal and, if applied correctly, can show an undoubted positive result. This work is devoted to the issues of effective integration of ESG standards in the current socio-economic conditions and the objective issues that accompany this process.
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spelling doaj.art-1a4b0c8ed6cb4919bcd55fbb69709c682023-08-02T13:16:27ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014030803110.1051/e3sconf/202340308031e3sconf_escp2023_08031Problems of integration of ESG standards into the practice of Russian corporate governanceMaksimov Maksim0Anokhina Marina1Kolesnikov Anatoliy2Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsOver the past decade and a half, interest in sustainable development topics and the principles of ESG has been consistently at a high level. A large number of foreign academic researchers and representatives of the business community consider these issues as the central theme of management science and practice in the current socio-economic realities. In general, it can be stated that in the paradigm of globalism, actively promoted by the United States and a number of its allies over the past two decades, the concepts of green transition, zero hydrocarbon footprint, gender, and racial diversity, specific requirements for CSR and other incarnations of ESG approaches were perceived as key to business success and competitiveness. To date, the globalist track of the development of the world economy is no longer considered as the only possible one and corresponding to the needs of the development of national economies. At the same time, it should not be denied that a number of provisions used in the ESG concepts are extremely rational and universal and, if applied correctly, can show an undoubted positive result. This work is devoted to the issues of effective integration of ESG standards in the current socio-economic conditions and the objective issues that accompany this process.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08031.pdfsustainable developmentglobalismcompetitive advantagesesg standardscorporate governancesovereign economycircular economycsr
spellingShingle Maksimov Maksim
Anokhina Marina
Kolesnikov Anatoliy
Problems of integration of ESG standards into the practice of Russian corporate governance
E3S Web of Conferences
sustainable development
globalism
competitive advantages
esg standards
corporate governance
sovereign economy
circular economy
csr
title Problems of integration of ESG standards into the practice of Russian corporate governance
title_full Problems of integration of ESG standards into the practice of Russian corporate governance
title_fullStr Problems of integration of ESG standards into the practice of Russian corporate governance
title_full_unstemmed Problems of integration of ESG standards into the practice of Russian corporate governance
title_short Problems of integration of ESG standards into the practice of Russian corporate governance
title_sort problems of integration of esg standards into the practice of russian corporate governance
topic sustainable development
globalism
competitive advantages
esg standards
corporate governance
sovereign economy
circular economy
csr
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08031.pdf
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