Using ESG principles is the new trend economic development

Abstract

The article provides a brief overview of global sustainable development practices and the scope of their implementation, as well as domestic experience in responsible business conduct and an assessment of the degree of influence of the economic region on the formation of ESG standards and initiatives. The ESG principles and values of sustainability continue to play an important role in the prosperity of society and the well-being of businesses. In this regard, the strategic development of companies in this direction remains relevant. By focusing on ESG, companies will be able to compensate for the instability of the situation in the face of uncertainty in external and internal factors.