DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES
The article explores new models of the organization of the economy, called the circular economy – a model of production and consumption aimed at overcoming global challenges, such as climate change, loss of biodiversity, waste and environmental pollution. The participants were identified and the f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universytet imeni Alfreda Nobelya
2024-01-01
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| Series: | Akademičnij Oglâd |
| Subjects: | |
| Online Access: | https://acadrev.duan.edu.ua/images/PDF/2024/1/2-.pdf |
| _version_ | 1797374122829807616 |
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| author | Tetіana M. Bolgar Liubov F. Korchahina |
| author_facet | Tetіana M. Bolgar Liubov F. Korchahina |
| author_sort | Tetіana M. Bolgar |
| collection | DOAJ |
| description | The article explores new models of the organization of the economy, called the circular economy – a model of production and consumption aimed at overcoming global challenges, such as climate
change, loss of biodiversity, waste and environmental pollution. The participants were identified and
the forms of participation in the process of achieving the SDGs (sustainable development goals) were
defined. It was substantiated that the use of the principles of the UN Global Compact in the practical
activities of enterprises should ensure that they comply with their basic duties to people and the planet,
and would also create the foundations for long-term success. The types of ESG activity of enterprises
were systematized according to certain criteria, followed by their classification and definition of the
basic objects to which the ESG activity of the enterprise is directed. The standpoints of classical economics were analyzed, by studying the scientific works of specialists in this field of science. Based on
the results of this analysis, it was established that ESG activity is a cost that with a doubtful probability
can be compensated in the form of additional income. That is, by default it is a loss-making activity.
At least, such a perception of ESG-activity can be when studying the issue superficially. The analysis
of academic literature and corporate practice made it possible to highlight the key motives for enterprises to implement ESG activities. A study of ESG activity of Ukrainian enterprises was conducted
and it was established that this process in Ukraine is at the stage of formation and the situation in this
area has significantly worsened due to the war. According to the results of the study of the theoretical
foundations of ESG activity of enterprises, the author’s interpretation of the term «ESG activity» was
proposed, which should be understood as all types of enterprise activities aimed at achieving the goals
of sustainable development through appropriate management decisions, which include measures to
improve the environmental condition, social relations and corporate responsibility |
| first_indexed | 2024-03-08T19:00:19Z |
| format | Article |
| id | doaj.art-e240aa4fd577419faea57e85dd0a7a9b |
| institution | Directory Open Access Journal |
| issn | 2074-5354 2522-9745 |
| language | English |
| last_indexed | 2024-03-08T19:00:19Z |
| publishDate | 2024-01-01 |
| publisher | Universytet imeni Alfreda Nobelya |
| record_format | Article |
| series | Akademičnij Oglâd |
| spelling | doaj.art-e240aa4fd577419faea57e85dd0a7a9b2023-12-28T05:45:29ZengUniversytet imeni Alfreda NobelyaAkademičnij Oglâd2074-53542522-97452024-01-0116071910.32342/2074-5354-2024-1-60-1DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISESTetіana M. Bolgar0Liubov F. Korchahina1Alfred Nobel University (Ukraine)Alfred Nobel University (Ukraine)The article explores new models of the organization of the economy, called the circular economy – a model of production and consumption aimed at overcoming global challenges, such as climate change, loss of biodiversity, waste and environmental pollution. The participants were identified and the forms of participation in the process of achieving the SDGs (sustainable development goals) were defined. It was substantiated that the use of the principles of the UN Global Compact in the practical activities of enterprises should ensure that they comply with their basic duties to people and the planet, and would also create the foundations for long-term success. The types of ESG activity of enterprises were systematized according to certain criteria, followed by their classification and definition of the basic objects to which the ESG activity of the enterprise is directed. The standpoints of classical economics were analyzed, by studying the scientific works of specialists in this field of science. Based on the results of this analysis, it was established that ESG activity is a cost that with a doubtful probability can be compensated in the form of additional income. That is, by default it is a loss-making activity. At least, such a perception of ESG-activity can be when studying the issue superficially. The analysis of academic literature and corporate practice made it possible to highlight the key motives for enterprises to implement ESG activities. A study of ESG activity of Ukrainian enterprises was conducted and it was established that this process in Ukraine is at the stage of formation and the situation in this area has significantly worsened due to the war. According to the results of the study of the theoretical foundations of ESG activity of enterprises, the author’s interpretation of the term «ESG activity» was proposed, which should be understood as all types of enterprise activities aimed at achieving the goals of sustainable development through appropriate management decisions, which include measures to improve the environmental condition, social relations and corporate responsibilityhttps://acadrev.duan.edu.ua/images/PDF/2024/1/2-.pdfcircular economysustainable development goalsesg activity of enterprisesesg informationbasic groups: environmental |
| spellingShingle | Tetіana M. Bolgar Liubov F. Korchahina DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES Akademičnij Oglâd circular economy sustainable development goals esg activity of enterprises esg information basic groups: environmental |
| title | DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES |
| title_full | DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES |
| title_fullStr | DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES |
| title_full_unstemmed | DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES |
| title_short | DEVELOPMENT OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE ORGANIZATION OF ESG ACTIVITIES OF ENTERPRISES |
| title_sort | development of scientific and methodological approaches to the organization of esg activities of enterprises |
| topic | circular economy sustainable development goals esg activity of enterprises esg information basic groups: environmental |
| url | https://acadrev.duan.edu.ua/images/PDF/2024/1/2-.pdf |
| work_keys_str_mv | AT tetíanambolgar developmentofscientificandmethodologicalapproachestotheorganizationofesgactivitiesofenterprises AT liubovfkorchahina developmentofscientificandmethodologicalapproachestotheorganizationofesgactivitiesofenterprises |