Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management
The article provides factors of successful strategic management of the organization in view of goals of sustainable development (ESG-management), mechanisms of their impact on competitive advantage progress and sustainable development rise. Elements of corporate sustainability of today’s companies a...
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2023-11-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
| Subjects: | |
| Online Access: | https://vest.rea.ru/jour/article/view/1787 |
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| _version_ | 1850050778081787904 |
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| author | P. I. Sevostyanov E. Y. Kulakova A. R. Makaev |
| author_facet | P. I. Sevostyanov E. Y. Kulakova A. R. Makaev |
| author_sort | P. I. Sevostyanov |
| collection | DOAJ |
| description | The article provides factors of successful strategic management of the organization in view of goals of sustainable development (ESG-management), mechanisms of their impact on competitive advantage progress and sustainable development rise. Elements of corporate sustainability of today’s companies are studied and the role of its ecological, economic and social aspects in business-strategy is shown in the long-term perspective. The authors research key methods of monitoring and estimating the efficiency of company sustainable development management. On the basis of the research the author’s interpretation of principle overseas models is put forward, which could form a foundation for reports on economic, ecological and social activity of the organization in Russian circumstances. The authors came to the conclusion, that the absence of reliable indicators for understanding business impact on the environment and society and lack of state regulation represent the basic reasons why many companies have not integrated sustainability in their business–strategy. Therefore, changing economic stimuli is a key precondition for ESG-strategy being effective. |
| format | Article |
| id | doaj-art-8ea1ca32eec44b95b5c775e36e7dfa9e |
| institution | DOAJ |
| issn | 2413-2829 2587-9251 |
| language | Russian |
| publishDate | 2023-11-01 |
| publisher | Plekhanov Russian University of Economics |
| record_format | Article |
| series | Вестник Российского экономического университета имени Г. В. Плеханова |
| spelling | doaj-art-8ea1ca32eec44b95b5c775e36e7dfa9e2025-08-20T02:53:21ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512023-11-010619220210.21686/2413-2829-2023-6-192-2021174Eyond Finance Results: Comprehention of Non-Finance Results of Esg-ManagementP. I. Sevostyanov0E. Y. Kulakova1A. R. Makaev2Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsThe article provides factors of successful strategic management of the organization in view of goals of sustainable development (ESG-management), mechanisms of their impact on competitive advantage progress and sustainable development rise. Elements of corporate sustainability of today’s companies are studied and the role of its ecological, economic and social aspects in business-strategy is shown in the long-term perspective. The authors research key methods of monitoring and estimating the efficiency of company sustainable development management. On the basis of the research the author’s interpretation of principle overseas models is put forward, which could form a foundation for reports on economic, ecological and social activity of the organization in Russian circumstances. The authors came to the conclusion, that the absence of reliable indicators for understanding business impact on the environment and society and lack of state regulation represent the basic reasons why many companies have not integrated sustainability in their business–strategy. Therefore, changing economic stimuli is a key precondition for ESG-strategy being effective.https://vest.rea.ru/jour/article/view/1787esgsustainable developmentcorporate social responsibilitycorporate stabilitybusiness-strategyoutward effectsenvironment |
| spellingShingle | P. I. Sevostyanov E. Y. Kulakova A. R. Makaev Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management Вестник Российского экономического университета имени Г. В. Плеханова esg sustainable development corporate social responsibility corporate stability business-strategy outward effects environment |
| title | Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management |
| title_full | Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management |
| title_fullStr | Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management |
| title_full_unstemmed | Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management |
| title_short | Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management |
| title_sort | eyond finance results comprehention of non finance results of esg management |
| topic | esg sustainable development corporate social responsibility corporate stability business-strategy outward effects environment |
| url | https://vest.rea.ru/jour/article/view/1787 |
| work_keys_str_mv | AT pisevostyanov eyondfinanceresultscomprehentionofnonfinanceresultsofesgmanagement AT eykulakova eyondfinanceresultscomprehentionofnonfinanceresultsofesgmanagement AT armakaev eyondfinanceresultscomprehentionofnonfinanceresultsofesgmanagement |