TRANSFORMATION OF THE ORGANIZATION’S MANAGEMENT SYSTEM BASED ON THE ESG CONCEPT

UDC 330.35
DOI: 10.36871/ek.up.p.r.2024.10.06.008

Authors

Yulia R. Pal’kina,
Tatyana V. Glukhova,
National Research Mordovian State University, Saransk, Russia

Abstract

Currently, the interest of domestic companies in the ESG agenda, which involves focusing on the principles of environmental, social and corporate responsibility, is rapidly growing. This leads to the need for ESG transformation of business, and, consequently, the construction of an appropriate sustainable development management system. The study conducted by the authors made it possible to identify key approaches to transforming the management system of organizations based on the ESG concept, developing appropriate short-term and long-term motivation programs, and also to propose measures for the implementation and maintenance of ESG culture.

Keywords

company, sustainable development, ESG, management system, ESG strategy, ESG metrics, motivation, ESG culture.