Principles of ESG strategy in the management of shipping companies
Year: 2024
Type: article
Abstract: The paper systematizes the key factors influencing the formation of effective strategic decisions in the industry, such as environmental challenges, the international context of operations, innovation development, and management efficiency. Based on the conducted research, new approaches are proposed that will help companies improve resilience, operational efficiency, and compliance with modern corporate responsibility requirements. The main novelty of the article is the proposed classification of ESG principles adapted to the specifics of the shipping industry. Unlike traditional ESG models, our classification focuses on the specific environmental, social, and governance challenges faced by shipping companies, enabling them to adapt to new regulatory and market conditions.The practical value of the research lies in its potential to enhance the competitiveness and long-term sustainability of shipping companies through the effective integration of ESG principles into their strategic management. The proposed approaches and principles have the potential to reduce environmental risks, attract investors, and improve corporate reputation. The implementation of these principles can significantly facilitate decision-making processes in companies, ensuring their alignment with contemporary challenges and sustainable development trends.
Source: Scientific notes
Author: Vladyslav Yastrebnyi
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405735105