Eyond Finance Results: Comprehention of Non-Finance Results of Esg-Management

Abstract

The article provides factors of successful strategic management of the organization in view of goals of sustainable development (ESG-management), mechanisms of their impact on competitive advantage progress and sustainable development rise. Elements of corporate sustainability of today’s companies are studied and the role of its ecological, economic and social aspects in business-strategy is shown in the long-term perspective. The authors research key methods of monitoring and estimating the efficiency of company sustainable development management. On the basis of the research the author’s interpretation of principle overseas models is put forward, which could form a foundation for reports on economic, ecological and social activity of the organization in Russian circumstances. The authors came to the conclusion, that the absence of reliable indicators for understanding business impact on the environment and society and lack of state regulation represent the basic reasons why many companies have not integrated sustainability in their business–strategy. Therefore, changing economic stimuli is a key precondition for ESG-strategy being effective.