ESG-threats to the economic security of metallurgy enterprises
Year: 2025
Type: article
Abstract: Introduction. The global trend of ESG business investment is of particular importance for Ukraine. First, the steel industry has suffered significant damage because of Russian aggression and is still suffering from damaged railway infrastructure and logistical constraints, shortages of raw materials and energy, loss of assets and shelling of facilities. However, while implementing ESG practices, Ukrainian businesses face a wide range of ESG risks, which require further research. The objective is to study the impact of ESG threats on the economic security of enterprises and the effective attraction of financial resources, which are essential in the war and post-war period for the reconstruction of Ukraine's economy and, in particular, metallurgical enterprises and thus, for ensuring their socio-economic development on the basis of sustainability, transparency and environmental friendliness. Methodology. The study used a set of scientific methods that provided a comprehensive survey of ESG threats to the economic security of metallurgical enterprises, namely: bibliographic - for reviewing literature sources; analytical and synthetic - for selecting literature sources that were important for building the research model; interpretation method - for formulating the author's own vision of the impact of ESG threats on the implementation of ESG practices in the activities of industrial enterprises during the war and in the post-war period; analysis and synthesis - for theoretical generalisation. Results. The study identified key ESG threats affecting metallurgical enterprises' economic security. A direct link between ESG threats and the implementation of ESG practices in the activities of industrial enterprises during the war and in the post-war period has been established. It is proved that enterprises that ignore ESG principles of activity demonstrate higher losses from regulatory pressure. Strategic guidelines for the introduction of ESG management at metallurgical enterprises, which should become a guarantee of their economic security, are proposed.
Source: Economic Analysis
Authors: Andrii Karpenko, Svitlana Loza
Institution: National University Zaporizhzhia Polytechnic
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411756128