Developing Ecological Orientation of Company Business as Element of Esg Concept

Abstract

The article reveals the essential aspects of ecological orientation of business illustrated by Russian companies. Open data of consulting groups and their finance accounting are investigated in order to comprehend goals of sustainable development in view of ESG concept. Adequate works on ecological orientation of business are also analyzed. The goal of the research is to analyze ecological practices of some Russian companies and to assess their work from the point of view of ecological and investment appeal. To attain the goal it is necessary to tackle the following tasks: 1. To study theoretical aspects of business eco-concept through revealing key global trends. 2. To analyze open report data of some Russian companies, which is needed to understand their contribution to ecological development. 3. To assess ecological steps of companies in view of their investment appeal. The authors researched the impact of ESG factors on business-environment illustrated by retail sale and raw material industry. Dependence of pricing of goods offered by retail sale on funds invested into environment protection was estimated. At the enterprise of raw material industry the absence of dependence of ecological costs on the amount of any emissions during the last 5 years was found with the help of annual reports on financial results. The authors connect the research with promising trends of advanced management development. This concept has been intensively developed during the last 2–3 years, thus a wide field of its application can be forecasted.