Year: 2025
Type: article
Abstract: The article examines the role of management decisions and the development of tools for environmental, social, and corporate governance of enterprise activities based on achieving sustainable development goals.The main challenges in achieving the Sustainable Development Goals are identified, with a focus on emerging problems.In particular, the impact of the pandemic and the war in Ukraine is highlighted.The significance of enterprises in achieving sustainable development in general, and individual sustainable development goals specifically, is analyzed.The concept of ESG activity is considered as a business approach aimed at achieving sustainable development goals through appropriate management decisions.These decisions include measures to improve environmental conditions, social relations, and corporate responsibility.The classification of motives for ESG activity by management objectives was examined in the following categories: stakeholder relations, risks, reputation, expenses, competition, investments, innovations, personnel, compliance, performance, and corruption.Additionally, these motives were classified by key focus areas: human rights, labor, environment, and the fight against corruption.The importance of ESG reporting is substantiated, as it helps identify and assess the fundamental aspects to which enterprises direct their ESG activities.ESG reporting serves as an essential component of a modern enterprise management system.It begins with recognizing the need for ESG efforts, defining goals, priorities, and principles, and ends with integrating ESG elements into various components of enterprise management.
Source: Economy Management Business
Authors: L. V. Melnichuk, M. O. Martynenko, Ye. G. Volkov
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409376553