| Issue |
E3S Web Conf.
Volume 408, 2023
International Conference on Sustainable, Circular Management and Environmental Engineering (ISCMEE 2023)
|
|
|---|---|---|
| Article Number | 01025 | |
| Number of page(s) | 10 | |
| DOI | https://doi.org/10.1051/e3sconf/202340801025 | |
| Published online | 02 August 2023 | |
Environmental compliance and business strategies practices of entrepreneurial ventures
1 Dubno Branch of the Higher Educational Institution “Ukraine Open University of Human Development”, 35600 Dubno, Ukraine
2 Admiral Makarov National University of Shipbuilding, 54007 Mykolaiv, Ukraine
3 National Aviation University, 03058 Kyiv, Ukraine
4 Kyiv National Economic University Vadym Hetman, 03057 Kyiv, Ukraine
* Corresponding author: rantver@gmail.com
The study is devoted to the research of environmental compliance and business strategies of the practice of venture enterprises. The purpose of the study is to determine the role of environmental compliance in the business strategies of enterprises and to reveal the potential of a positive impact on sustainable development. The paper examines hypotheses regarding the favourable impact of environmental compliance on the competitiveness and innovative potential of enterprises. Environmental compliance and business strategies of enterprises have the potential to promote sustainable environmental development, which is currently only 10% used. This requires the active participation of enterprises in the implementation of environmental practices, investments in innovative solutions and the development of knowledge. The study highlights the need to support and promote practices such as venture entrepreneurship, which contribute to the creation of new environmentally relevant technologies, products and services. Therefore, the results of this work indicate the importance of developing and implementing ecologically appropriate business strategies in business practices. This can contribute to improving the environmental condition, ensuring sustainable development and strengthening the competitive positions of national economies.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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