Methodological Approaches to Assessing the Sustainable Development of Corporations
摘要
The existing conditions of geopolitics determine the significant need to follow the principles of sustainable development (SD). We need to create mechanisms capable of introducing SD indicators into the practice of domestic corporation. Motivation to actively reach the sustainable development goals (SDGs) must be supported. The aim of the study is to amplify a methodological base for evaluating corporate achievement of the SDGs. The work uses such research methods as mathematical modelling, linear programming, and information structuring. As a result the created model allows us to evaluate the corporate achievement of the SDGs. The integrated indicator of SD is calculated. This model is suitable as a tool for investors, top managers, and other interested parties. The model makes it possible to identify and assess risk factors affecting corporations. Integrating the SDGs into existing KPIs may be difficult. The reason for this is contradiction between traditional indicators (cost and profitability) and SDG expenses. This work offers a solution of quantifying the GDGs and an approach for developing a rating system. This study also takes into account the implementation of SDGs into the corporate management process. At the same time it motivates corporations to make decisions that promote a sustainable future.