ESG concept, sustainable development, Sustainable Development Goals, corporate social responsibility, industrial enterprises, management, employees, environment
Abstract
The article examines the relationship between the components of the ESG (Environmental, Social, and Governance) framework and the Sustainable Development Goals (SDGs) in the activities of industrial enterprises in Ukraine. The key directions (dimensions) of ESG implementation in industrial enterprises are identified. The analysis demonstrates that each ESG component extends beyond isolated initiatives and collectively forms a conceptual foundation for reorienting industrial business models toward long-term sustainability. Based on an analytical review of sustainability reports of leading Ukrainian industrial enterprises, the study investigates the content and practical implementation of core ESG dimensions and their alignment with the SDGs. The practices of major Ukrainian companies indicate that contemporary environmental strategies are grounded in technological modernisation, innovative solutions, and regulated environmental control, directly corresponding to SDGs 6, 7, 9, 12, and 13. The social component of ESG in the activities of Ukrainian industrial enterprises reflects a systemic transition toward an integrated model of managing human capital, occupational health and safety, and community engagement. Social initiatives and programmes correlate with SDGs 3, 4, 5, 8, 10, and 11. The governance component of ESG serves as a fundamental condition for ensuring transparency and accountability to stakeholders. Transparent corporate governance, effective internal control and compliance systems, anticorruption policies, responsible supply chain management, and public disclosure practices act not only as indicators of managerial maturity but also as key drivers of competitiveness and investment attractiveness. Governance practices correspond to SDGs 8, 12, and 16. Thus, the ESG framework functions as an important applied instrument for the implementation of the SDGs, translating them into measurable indicators, business processes, and operational standards.
Author Biography
Olena Oliinyk, National University of Water and Environmental Engineering, Rivne
Candidate of Economics (Ph.D.), Associate Professor
