Green Economy as a Factor in the Transformation of Environmentally Oriented Management

Over the past few decades, the rapid development of the economy has led to an unprecedented increase in natural resources and energy consumption, as well as the amount of waste polluting the biosphere, has led to a sharp exacerbation of environmental problems that negatively affect the quality of life of the population and limit the long-term competitiveness of economic entities. Under these conditions, the development of a green economy becomes an inevitable trend. With all sectors of the economy and society affected by new technologies, the green economy is highly volatile, uncertain, complex, and ambiguous. The research aims to clarify the essence of the green economy and develop principles of environmentally oriented management transformation, contributing to green growth. The basic methodology of the research is the innovation-cyclical paradigm of sustainable development, the implementation of which is supposed to be based on management principles aimed at balancing economic, social, and environmental interests. The result of the research, which determines the list of elements of scientific novelty and its practical importance, is a step-by-step scheme based on the analysis of several national economies, which combines the tasks of management in the field of environmentally oriented transformation. The developed scheme covers the identified gaps in the study of the environmentally oriented transformation of management and forms a ready-made practical framework for the integration of ESG principles, which increases its relevance and practical value.