ESG: трансформация интерпретаций

Yury E. Blagov

doi:10.21638/spbu18.2024.206

Authors

Yury E. Blagov Graduate School of Management, St. Petersburg State University, Russia https://orcid.org/0000-0002-2036-4704

DOI:

https://doi.org/10.21638/spbu18.2024.206

Abstract

Purpose: to identify directions of transformation in the ESG interpretations in the system of interrelated scientific conceptions.

Methodology: the study is based on the interpretation of the abbreviation ESG as a term element that forms ESG issues acting as specific ESG factors. The consideration of these factors meaningfully transforms the conceptions that explain the interaction between business, society and nature.

Findings: acknowledging ESG factors fills new meanings in the content of the following conceptions: responsible investment, risk management and business responsibility in general. Also, it stimulates the reinterpretation of the “umbrella” conception of interaction between business, society and nature including the conception which exists in the form of ideological preference.

Originality and contribution: the work identifies the directions and presents an original model for transforming the interpretations of ESG in the relevant interrelated scientific conceptions that explain the interaction between business, society and nature. The incorrectness of using the term “ESG conception” in scientific research is substantiated.

Keywords:

ESG, stakeholders, investment decisions, corporate social responsibility, sustainable development

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References

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