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Strategic management of the chemical complex taking into account the provisions of the ESG concept

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  • S. V. Tutov

Abstract

The article presents the results of the analysis of the main characteristics of the development of chemical enterprises, which allowed us to conclude that there are positive trends in the development of the industry, which, according to certain indicators, is even significantly ahead of other industries that are more dependent on imported raw materials, materials, machinery and equipment. The article also notes that domestic enterprises have better development rates than foreign companies related to this sector of the economy. It is shown that in modern economic conditions, in order to ensure sustainable development of chemical enterprises in the strategic perspective, it is relevant to implement the provisions of the ESG concept, which includes principles related to a responsible attitude to the environment, which implies compliance with the requirements of environmental safety of production processes and consumption of products, as well as social responsibility and improving the quality of corporate governance of the enterprise. The article presents a system for monitoring the development strategy of chemical enterprises taking into account the provisions of the ESG concept, the formation of which will allow tracking the indicators of environmental safety of chemical industries, as well as assessing the effectiveness of the applied technologies for processing waste from production and consumption of chemical products, and making appropriate adjustments to the development strategy of the industry, if necessary.

Suggested Citation

  • S. V. Tutov, 2024. "Strategic management of the chemical complex taking into account the provisions of the ESG concept," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 17(4).
  • Handle: RePEc:ahc:journl:y:2024:id:2024
    DOI: 10.24182/2073-9885-2024-17-4-48-56
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