FEATURES OF EMBEDDING OF SUSTAINABLE DEVELOPMENT STANDARDS IN DOMESTIC CORPORATE GOVERNANCE

Abstract

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 the West, many institutional investors use the ESG metrics system as an important parameter when choosing an investment object. 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 in nature and, if applied correctly, can show an undoubted positive result. In order to develop the national practice of corporate governance in Russia, it is necessary to carefully study the best foreign experience, adopt the best methodologies and solutions, and meaningfully introduce them into the practice of administering domestic organizations. The presented work aims to analyze the current situation with the introduction of sustainable development practices at leading Russian enterprises in order to form a benchmark that can become a guide for organizations setting the task of implementing the ESG transition. In addition, it presents a step-by-step scenario for the transition to the ESG format, indicating the most problematic areas and possible difficulties.