Subject. The article addresses implementation of principles of sustainable development at the level of corporate governance in the context of international sanctions. Objectives. The focus is on the analysis of approaches to countering threats to information security at the corporate level. Methods. The study employs methods of comparative analysis. Results. I formulated recommendations to maintain a balance between information transparency and the need to reduce sanctions pressure on Russian corporations. The paper established that the policy of maximum openness, following Western models in the implementation of the Sustainable Development Goals in 2022 changed significantly. The amount of information reflected in corporate reporting decreased. Conclusions. While remaining committed to the general principles of sustainable development, it is necessary to develop approaches to the organization of corporate governance that meet the interests of Russia.
Keywords: corporation, information policy, sanctions, ESG principles
References:
Milovidov V.D. [Corporate governance 2.0: Corporate relations’ evolution in the information society]. Problemy natsional'noi strategii = National Strategy Issues, 2017, no. 4, pp. 171–189. URL: Link (In Russ.)
Barkov A.V., Grishina Ya.S. [On the transformation of the legal model of corporate governance in the digital age]. Vestnik ekonomicheskoi bezopasnosti = Vestnik of Economic Security, 2021, no. 4, pp. 70–73. (In Russ.) URL: Link
Visser W. The Age of Responsibility: CSR 2.0 and the New DNA of Business. Journal of Law and Governance, 2010, vol. 5, iss. 3. URL: Link
Wen H., Zhong Q., Lee C.C. Digitalization, Competition Strategy and Corporate Innovation: Evidence from Chinese Manufacturing Listed Companies. International Review of Financial Analysis, 2022, vol. 82, no. 102166. URL: Link
Peng Y., Tao C. Can Digital Transformation Promote Enterprise Performance? – From the Perspective of Public Policy and Innovation. Journal of Innovation & Knowledge, 2022, vol. 7, iss. 3. URL: Link
Jiang F., Kim K.A., Ma Y. et al. Corporate Culture and Investment – Cash Flow Sensitivity. Journal of Business Ethics, 2019, vol. 154, iss. 2, pp. 425–439. URL: Link
Riaz Z., Ray P., Ray S. The Impact of Digitalisation on Corporate Governance in Australia. Journal of Business Research, 2022, vol. 152, pp. 410–424. URL: Link
Terent’ev N.E. [Climate change as a factor in the development of companies: Corporate strategies and guidelines for State industrial policy]. Problemy prognozirovaniya = Studies on Russian Economic Development, 2021, no. 5, pp. 54–63. (In Russ.) URL: Link
Kul'kova I.A. [Corporate social responsibility as an institutional mechanism to promote the population adaptation to dynamic economic changes in Russia]. Human Progress, 2022, vol. 8, iss. 3. (In Russ.) URL: Link
Wang Yizhong, Hang Ye, Wang Qunwei et al. Cleaner Production vs End-of-Pipe Treatment: Evidence from Industrial SO2 Emissions Abatement in China. Journal of Environmental Management, 2021, vol. 277, no. 111429. URL: Link
Zhao M., Gao Y., Liu Q., Sun W. The Impact of Foreign Direct Investment on Urban Green Total Factor Productivity and the Mechanism Test. International Journal of Environmental Research and Public Health, 2022, vol. 19, iss. 19. URL: Link
Abbas J., Sagsan M. Impact of Knowledge Management Practices on Green Innovation and Corporate Sustainable Development: A Structural Analysis. Journal of Cleaner Production, 2019, vol. 229, pp. 611–620. URL: Link
Junaid M., Zhang Q., Syed M.W. Effects of Sustainable Supply Chain Integration on Green Innovation and Firm Performance. Sustainable Production and Consumption, 2022, vol. 30, pp. 145–157. URL: Link
Wood D.J. Toward Improving Corporate Social Performance. Business Horizons, 1991, vol. 34, iss. 4, pp. 66–73. URL: Link90008-J
Yadlapalli A., Rahman S., Gunasekaran A. Corporate Social Responsibility Definitions in Supply Chain Research: An Ontological Analysis. Journal of Cleaner Production, 2020, vol. 277, no. 123265. URL: Link
Dovbii I.P., Kovrizhkina L.N. [Social responsibility of business in the context of ESG transformation]. Upravlenie v sovremennykh sistemakh, 2022, no. 2, pp. 20–32. (In Russ.) URL: Link
Firsov A.V. [Business social responsibility and its architects]. Mir nauki. Sotsiologiya, filologiya, kul'turologiya, 2021, vol. 12, no. 2. (In Russ.) URL: Link
Kim S., Li Z. Understanding the Impact of ESG Practices in Corporate Finance. Sustainability, 2021, vol. 13, iss. 7. URL: Link
Dovbii I.P., Kobylyakova V.V., Minkin A.A. [ESG transition as a new paradigm of global economy and sustainable financing]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management, 2022, vol. 16, iss. 1, pp. 77–86. URL: Link (In Russ.)
Kolomyts O.N., Savelenko V.M., Zagnitko S.N. [Influence of corporate culture on economic and social efficiency of enterprises]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2020, vol. 9, iss. 4, pp. 171–174. (In Russ.) URL: Link
Popova A.V. [The history of the development of social responsibility of business]. Sotsial'no-gumanitarnye znaniya = Social and Humanitarian Knowledge, 2020, no. 6, pp. 148–157. (In Russ.) URL: Link
Astaf’eva O.S., Shevchenko T.V. [The development of ESG principles in the Russian Federation and the relevance of improving energy efficiency of buildings]. Moskovskii ekonomicheskii zhurnal, 2022, no. 3. (In Russ.) URL: Link
Korshunov A.A., Shevchenko T.V. [ESG as a trend of the future. Concept and development]. Digital, 2022, vol. 3, iss. 2, pp. 39–43. (In Russ.) URL: Link
Tsygalov Yu.M., Strizhov S.A. [ESG-transformation policies and procedures for Russian companies]. Upravlencheskoe konsul'tirovanie = Administrative Consulting, 2022, no. 7, pp. 88–95. (In Russ.) URL: Link