ESG trends in Financial Activities of Companies: Key Directions and Recommendations

Житар, Максим Олегович (2024) ESG trends in Financial Activities of Companies: Key Directions and Recommendations European scientific journal of Economic and Financial innovation, 2 (14). pp. 87-95. ISSN 2617-8648

[thumbnail of M_Zhytar_ESJEFI_2_14_24.pdf] Text
M_Zhytar_ESJEFI_2_14_24.pdf - Published Version

Download (953kB)

Abstract

The article is dedicated to the study of current ESG trends in the financial activities of companies, which encompass Environmental, Social, and Governance factors. The purpose of the article is to analyze the impact of these factors on the stability and profitability of financial institutions, as well as to identify the main challenges and prospects for implementing ESG approaches in corporate financial strategies. The article highlights the importance of ESG for investors and financial markets, as ESG factors are becoming increasingly significant criteria in investment decision-making and risk assessment. The focus is on evaluating international experience in integrating environmental, social, and governance standards into financial activities, which helps identify best practices for adapting ESG approaches in Ukraine. The author analyzes the impact of ESG on capital structure, financial stability, and corporate competitiveness, emphasizing the growing role of sustainable development strategies in maintaining reputation and attracting investments. In particular, the work explores how integrating environmental and social standards helps reduce operational and reputational risks, contributing to long-term stability. Challenges that companies face in implementing ESG approaches, such as the lack ofregulatory frameworks and financial incentives, are also discussed. Based on the research, recommendations for Ukrainian financial institutions are provided to ensure effective ESG integration. These include creating a transparent reporting system, raising awareness of ESG among investors and management, and promoting international reporting standards, which will allow Ukrainian companies to maintain a competitive edge in global financial markets.

Item Type: Article
Uncontrolled Keywords: ESG trends; financial activities; globalization; environmental challenges; social challenges; governance factors; financial institutions; financial markets; financial indicators
Subjects: Статті у базах даних > Index Copernicus
Статті у періодичних виданнях > Фахові (входять до переліку фахових, затверджений МОН)
Divisions: Факультет економіки та управління > Кафедра фінансів
Depositing User: Професор Максим Олегович Житар
Date Deposited: 21 Oct 2024 08:46
Last Modified: 21 Oct 2024 08:46
URI: https://elibrary.kubg.edu.ua/id/eprint/49872

Actions (login required)

View Item View Item