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Енергозбереження. Енергетика. Енергоаудит.
Article . 2024 . Peer-reviewed
License: CC BY NC
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EVALUATION OF THE RESULTS OF ESG PROJECT IMPLEMENTATION

Authors: Oleg Lagodiyenko;

EVALUATION OF THE RESULTS OF ESG PROJECT IMPLEMENTATION

Abstract

The article explores the issue of evaluating the outcomes of implementing ESG (Environmental, Social, and Governance) projects across various economic sectors. It analyzes the main problems organizations face when implementing ESG initiatives, including inadequate methodological approaches to performance evaluation and the diversity of standards. The primary aspects of ESG projects' impact on environmental, social, and economic development are characterized. A comprehensive methodology for assessing the results of ESG initiatives has been developed, considering key performance indicators (KPIs) across different areas of activity. Recommendations are proposed to improve the efficiency of ESG project implementation, contributing to the sustainable development of enterprises. The study delves into the various challenges that organizations encounter, such as high implementation costs, resistance to change within the organization, and the lack of necessary experience and expertise. Additionally, it addresses the uncertainty regarding the impact of ESG projects on companies' financial performance. By calculating a composite ESG index for agro-industrial enterprises in Ukraine, the research allows for comparing the effectiveness of ESG project implementation and identifying leaders and laggards in the field of sustainable development. The study also underscores the role of independent experts in conducting external audits of results and obtaining certification from recognized organizations to confirm compliance with ESG standards. Continuous improvement of ESG projects involves implementing mechanisms for regular monitoring and updating goals and KPIs in response to changes in the external environment and internal processes. The practical implications of this research are significant for business leaders, investors, policymakers, and all stakeholders aiming to enhance responsibility and sustainability in their operations. The insights provided in this article can help organizations improve the added value created by ESG projects and identify steps necessary to achieve maximum results.

Keywords

key performance indicators (KPIs), sustainable development, corporate social responsibility, стійкий розвиток, корпоративна соціальна відповідальність, екологічний вплив, зведений індекс ESG, environmental impact, economic development, ESG composite index, агропромисловий комплекс, efficiency assessment, ESG проекти, економічний розвиток, ключові показники ефективності (KPI), agro-industrial complex, ESG projects, оцінка ефективності, соціальний вплив, social impact

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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