ESG—Agribusiness Transformation as a Strategic Reference Point for Achieving Sustainable Agricultural Development
摘要
The paper studies ESG concept implementation in the activities of enterprises engaged in the production and distribution of agricultural products. The aim of the study is to reveal the directions, trends, problems and solutions for successful ESG-transformation of Russian agribusiness to achieve sustainable development of agriculture. ESG-transformation in agriculture creates sustainable systems, promotes environmental conservation, social justice and effective corporate governance. ESG-concept requires appropriate adaptation and development of Russian standards for agricultural enterprises. A number of key directions of ESG-transformation of agribusiness were established, including system integration of ESG-factors into corporate management, creation of an effective system of information disclosure on their accounting, development and adoption of unified requirements for the reflection of sustainable development indicators. The conclusions are made that successful integration of ESG-strategies into the activities of enterprises is based on the harmonization with long-term business goals and existing corporate values. It is suggested to carry out a deeper elaboration of procedures on ESG-practices as a strategic business reference point and to stimulate the activity on reflecting the results in the field of ESG-transformation. It is recommended to apply ESG-standards, guidelines and ratings as methodological transformation tools for sustainable agricultural development. The research is based on a systematic approach to the ESG-concept and study of global implementation practices in the business activities of various economy sectors.