From ESG to EPG: Evolution of Concepts in the Context of Economic Security


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Abstract

The purpose of writing the research work is to substantiate the feasibility and possibility of developing the content and scope of application of the ECG rating (E-ecology, K-personnel, G-state) and the formation of the ECG concept that ensures the achievement of sustainable development goals taking into account national interests and in accordance with the tasks of ensuring national security. Conclusions. The ESG agenda as a global trend of achieving sustainable development has given rise to a number of threats that have intensified in the new geopolitical conditions. Focus on national interests naturally required a transition from the ESG to the EPG (Ecology, Personnel, Governance) concept, which is a set of connections in the "ecology-personnel-state" system between economic entities, executive authorities of the constituent entity of the Russian Federation and local governments and indirectly with federal authorities. Analysis of the National Standard of the Russian Federation GOST R 71198-2023 "Index of business reputation of business entities (EPG rating). The methodology of assessment and the procedure for forming the EPG of responsible business" led to the conclusion that the rating only indirectly reflects the relationship of business with regional and local government bodies, and does not take into account the effectiveness of their actions to ensure an environment of sustainable development and responsible business. In expanding the content of the model law "On the development of responsible business in the Russian Federation", principles are proposed that consolidate the hierarchy of priorities at the national level over regional ones in achieving sustainable development goals, which corresponds to strategic documents in the field of economic security. The characteristics of threats to the economic security of the region are presented within the framework of the EPG concept.

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About the authors

Victoria Yu. Zagornova

International Banking Institute named after Anatoliy Sobchak

Author for correspondence.
Email: orgcom@ibispb.ru
SPIN-code: 1630-6227
Scopus Author ID: 1270213

postgraduate

Russian Federation, Saint-Petersburg

Andrey A. Panarin

International Banking Institute named after Anatoliy Sobchak

Email: panarin@ibispb.ru
Scopus Author ID: 733107

Dr. Sci. (Econ.), Associate Professor, Professor of the Department of Economics, Management and Entrepreneurship

Russian Federation, Saint-Petersburg

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