DIGITAL TRANSFORMATION AS A CONDITION FOR SUSTAINABLE DEVELOPMENT: ESG-ORIENTED APPROACH IN ENTERPRISES MANAGEMENT
Main Article Content
Abstract
Reducing the negative impact on the environment from the activities of business structures, increasing the level of social indicators through equal access of the population to resources, services and opportunities that determine the quality of life of large social groups, as well as fair treatment of employees by the company's management are closely correlated with the goals of sustainable development, which Ukraine adheres to at the national level, integrating into the global space as a country that cares about the future of the planet. Therefore, the management staff of modern enterprises faces an urgent challenge - to transform approaches to business management using the advantages of digitalization to ensure success on the path to sustainable development in the current and long-term prospects.
Purpose -establishing the role and opportunities of digital transformation of enterprise management on their path to pursuing sustainable development goals and characterizing an ESG-oriented approach in the management of modern enterprises.
The characteristics of the ESG-oriented approach in enterprise management are summarized and the potential consequences of digitalization for the implementation of this process are determined. In the field of environmental goals, these are: greening of production; responsible use of resources; introduction of energy-saving technologies; cost and waste management; initiation and participation in environmental projects and initiatives; minimization of emissions. In the field of business socialization, these are a human-centered approach in management - in relation to employees, customers, partners, stakeholders; expansion of corporate social responsibility practices; adherence to the DEI principle in HR management. Regarding the management of organizations in general, the expected changes from the introduction of the ESG-oriented approach should be: openness and transparency of the management system; broadcasting the mission, vision, and culture of the enterprise through social networks; promoting employee involvement in the process of making management decisions; balancing the interests of stakeholders; independence of supervisory bodies; effective supervision and protection of shareholder rights; progressive risk management (including environmental and social risks); dependence of management remuneration on achieved goals.
The role of digitalization and digital transformations in the processes of qualitative restructuring of business models of modern enterprises to meet the needs of pursuing sustainable development goals is determined. The characteristics of the ESG-oriented approach in enterprise management are summarized. The impact of digitalization on the environmental, social and managerial aspects of the functioning of enterprises is specified and the possibilities of using digital transformations to increase the level of achievement of strategic goals of sustainable development of business entities are established.
The implementation of an ESG-oriented approach to enterprise management can be considered successful if it results in: a reduction in the level of impact of the business entity's activities on the environment, an increase in the level of satisfaction of employees, suppliers, customers, local communities and other categories of stakeholders and social groups from interaction and cooperation with the enterprise; the internal management systems of the enterprise are optimized, automated and digitized, and the process of such management itself is characterized by social responsibility and transparency.
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