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In today's dynamic corporate landscape, businesses are confronted with an array of multifaceted risks. This article offers an in-depth analysis of how Environmental, Social, and Governance (ESG) principles serve as a transformative approach to both address and mitigate these challenges. Beginning with a comprehensive exploration of diverse corporate risks, from operational to reputational, the research delves into the intricate ESG transformation process, detailing its stages and broader implications. Real-world case studies from prominent companies like Unilever, Tesla, and Microsoft provide tangible evidence of the profound impact of ESG integration, showcasing not only improved financial performance but also enhanced operational efficiency, stakeholder trust, and brand value. The article further presents quantifiable results, emphasizing the tangible benefits that ESG-driven companies experience, including increased market share, resilience, and innovation. In concluding, the research underscores ESG not merely as a moral imperative but as a core strategic directive, pivotal for guiding businesses towards sustainable success in the challenging 21st-century landscape.
In today's dynamic corporate landscape, businesses are confronted with an array of multifaceted risks. This article offers an in-depth analysis of how Environmental, Social, and Governance (ESG) principles serve as a transformative approach to both address and mitigate these challenges. Beginning with a comprehensive exploration of diverse corporate risks, from operational to reputational, the research delves into the intricate ESG transformation process, detailing its stages and broader implications. Real-world case studies from prominent companies like Unilever, Tesla, and Microsoft provide tangible evidence of the profound impact of ESG integration, showcasing not only improved financial performance but also enhanced operational efficiency, stakeholder trust, and brand value. The article further presents quantifiable results, emphasizing the tangible benefits that ESG-driven companies experience, including increased market share, resilience, and innovation. In concluding, the research underscores ESG not merely as a moral imperative but as a core strategic directive, pivotal for guiding businesses towards sustainable success in the challenging 21st-century landscape.
In recent years, companies in the retail sector have begun to introduce and incorporate the principles of sustainable development into their strategies and began to publish reports on sustainable development. ESG transformation of companies in the retail industry has its own characteristics. The purpose of the work is to determine the directions of ESG transformation in retail companies, as well as tools for ensuring transparency of activities in the field of sustainable development. The methodological basis of the study was the concept of sustainable development and ESG, methods of statistical analysis, a systematic approach, scientific works of leading domestic and foreign scientists in the field of sustainable development, ESG transformation of retail companies. In the course of the work the author has identified 6 areas of ESG transformation that are most relevant and consistent with the Sustainable Development Goals and the industry specifics of the retail sector. It was revealed that there is a problem of comparability of ESG ratings and rankings from various agencies, insufficient prevalence of the practice of publishing non-financial reporting by organisations from this segment.The set of non-financial indicators proposed by the author for retail companies are grouped by areas of ESG transformation, as well as by Sustainable Development Goals. The publication of the proposed indicators in the annual report or sustainability report is intended to help management and interested stakeholders evaluate the results of ESG transformation of retail companies in more depth and detail.
Введение. В современном мире нестабильности и динамично меняющейся обстановки риски присущи всем процессам, поэтому прогнозирование и эффективное управление рисками – это залог успешности любого процесса. Исходя из этого, долгосрочное эффективное функционирование компании возможно при условии выделения, идентификации и регулярного мониторинга рисков. Информация о рисках раскрывается частично в бухгалтерской (финансовой) отчетности, а именно в текстовой ее части, но большую часть информации можно почерпнуть из нефинансовых отчетов, формируемых в компаниях. В этой связи актуальностью настоящего исследования признается разработка методических рекомендаций по раскрытию информации о рисках в ESG-отчетах как фактору повышения ее транспарентности. Материалы и методы. В процессе исследования применялись методы научного познания, такие как анализ и синтез, детализация и обобщение, индукция и дедукция, абстрагирование, формализация. Применение теоретических методов научного исследования позволило сформировать методические рекомендации по стандартизации раскрытия информации по ключевым рискам и системе управления ими в рамках ESG-отчетов. Результаты исследования. Методические рекомендации исследования способствуют стандартизации и унификации формирования ESG-отчетов компаний топливно-энергетического сектора экономики в части раскрытия информации о рисках. В исследовании проведен аналитический обзор нефинансовых отчетов компаний топливно-энергетического сектора в области представления информации о рисках для стейкхолдеров. Сформированы методические рекомендации в области мониторинга ключевых рисков, выделены методы их минимизации, описано применение современного инструментария их представления на примере такого объекта учета, как основные средства. Обсуждение и заключения. Методические рекомендации заключаются в унификации сформированного подхода к раскрытию информации о рисках и применении эффективных методов минимизации и управления ими, что способствует принятию управленческих решений, а также долгосрочному эффективному функционированию компаний топливно-энергетического сектора экономики. Introduction. In the modern world of instability and a dynamically changing environment, risks are inherent in all processes, so forecasting and effective risk management is the key to the success of any process. Based on this, long-term effective functioning of the company is possible provided that risks are identified, identified and regularly monitored. Information about risks is partially disclosed in the accounting (financial) statements, namely in the text part, but most of the information can be gleaned from non-financial reports generated by companies. In this regard, the relevance of this study is the development of methodological recommendations for disclosing information about risks in non-financial reports, as a factor in increasing its transparency. Materials and methods. During the research process, basic theoretical methods were used, such as analysis, synthesis, induction, deduction, abstraction, formalization. The use of theoretical methods of scientific research made it possible to formulate methodological recommendations for standardizing the disclosure of information on key risks and their management system. Results. The methodological recommendations of the study contribute to the standardization and unification of the formation of non-financial reports of companies in the fuel and energy sector of the economy in terms of disclosing information about risks. The study conducted an analytical review of non-financial reports of companies in the fuel and energy sector in the area of presenting information about risks to stakeholders. Recommendations have been formed for streamlining the disclosure of information about key risks, methods for minimizing them, and the use of modern tools for presenting them, which contributes to the information transparency of the business ecosystem. Discussion and conclusions. The proposed methodological recommendations consist in the maximum disclosure of information about risks and the use of effective methods for minimizing and managing them, which contributes to the adoption of management decisions, as well as the long-term efficient functioning of companies in the fuel and energy sector of the economy.
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