Issue |
E3S Web Conf.
Volume 403, 2023
XII International Scientific and Practical Forum “Environmentally Sustainable Cities and Settlements: Problems and Solutions” (ESCP-2023)
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Article Number | 08031 | |
Number of page(s) | 9 | |
Section | Development of Sustainable Cities: Economic, Social and Humanitarian Aspects | |
DOI | https://doi.org/10.1051/e3sconf/202340308031 | |
Published online | 25 July 2023 |
Problems of integration of ESG standards into the practice of Russian corporate governance
Plekhanov Russian University of Economics, Moscow, Russia
1 Corresponding author: Maksimov.MI@rea.ru
Over the past decade and a half, interest in sustainable development topics and the principles of ESG has been consistently at a high level. A large number of foreign academic researchers and representatives of the business community consider these issues as the central theme of management science and practice in the current socio-economic realities. In general, it can be stated that in the paradigm of globalism, actively promoted by the United States and a number of its allies over the past two decades, the concepts of green transition, zero hydrocarbon footprint, gender, and racial diversity, specific requirements for CSR and other incarnations of ESG approaches were perceived as key to business success and competitiveness. To date, the globalist track of the development of the world economy is no longer considered as the only possible one and corresponding to the needs of the development of national economies. At the same time, it should not be denied that a number of provisions used in the ESG concepts are extremely rational and universal and, if applied correctly, can show an undoubted positive result. This work is devoted to the issues of effective integration of ESG standards in the current socio-economic conditions and the objective issues that accompany this process.
Key words: sustainable development / globalism / competitive advantages / ESG standards / corporate governance / sovereign economy / circular economy / CSR
© 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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