Статьи

DEVELOPING AN ESG-ORIENTED MANAGEMENT MECHANISM FOR ENTERPRISE INNOVATION AND INVESTMENT ACTIVITY

Anastasiia Shcherbakova
National University of Water and Environmental Engineering, Rivne
iD https://orcid.org/0000-0003-0972-821X
Ключові слова
ESG ESG-oriented management mechanism innovation and investment activity managerial decision-making innovation management investment management sustainable development responsible financing ESG KPIs enterprise

Abstract

The article explores the formation of an ESG-oriented mechanism for managing the innovation and investment activity of an enterprise. It emphasises the growing importance of integrating environmental, social and governance criteria into investment decision-making, innovation project selection, risk assessment and performance evaluation. The study substantiates that traditional approaches focused mainly on financial indicators are no longer sufficient under the conditions of sustainability requirements, stakeholder pressure and increasing non-financial risks. The article analyses recent Ukrainian and international research on ESG, innovation development and sustainable investment. It proposes a conceptual mechanism that combines strategic priorities, ESG diagnostics, project evaluation, financing, organisational implementation, monitoring and feedback. The practical value of the study lies in outlining how enterprises can use ESG criteria to select innovation and investment projects more consciously, attract responsible financing, reduce long-term risks and strengthen investment attractiveness.

Author Biography

Anastasiia Shcherbakova, National University of Water and Environmental Engineering, Rivne
PhD in Economics, Associate Professor