Prospects for the development of the ESG management principles in Russia
This article examines in detail the history and aspects of the introduction of ESG principles in the field of business and finance, foreign experience of this phenomenon and domestic. Thus, the article examines the problem of investors' goal to get the maximum possible profit, taking into account the risks and rejection of investors from companies that do not focus on the interests of society in the context of its socio-economic and environmental aspects. The principles of the PRI Responsible Investment Association, which formed the basis for the spread of this trend and the need to develop the ESG concept, are also analyzed. The authors also analyze the relevance of the ESG agenda and assess the possibilities of its implementation in the Russian Federation. The article systematizes and summarizes various research approaches to the definition of ESG principles that are significant in the management of modern companies. It is important to add that according to the results of the study, the authors draw conclusions about the features of effective management activities through the prism of the ESG trend. Based on the conducted expert survey, a conclusion is made about the prospects of using the ESG approach in the management of Russian companies. The article is conditionally divided into main parts. In the first, the variants of interpretation of the basic concepts directly related to the topic under study are considered in detail. In the second part, the phenomenon of ESG management principles is studied in order to bring a serious scientific base to work. The third part contains the results of an expert survey, the main examples of modernity, focused on the implementation of the ESG strategy. The extreme fourth part is the logical conclusion of the described. It contains the main provisions and conclusions.