Implementation of sustainable development goals and ESG in corporate governance: issues of personalization of powers and responsibilities

By implementing the sustainable development goals and the ESG agenda in their corporate governance, modern companies assign the appropriate powers to the director of sustainable development (CSO), who at the same time does not have the authority to make final decisions and has the actual status of an adviser on environmental safety issues in most companies company and related pr-connections and relationships. The scope of authority of the director (CSO) is reduced to the development and promotion of the principles and goals of sustainable development, the development of appropriate strategies and policies, the coordination of their implementation and communications with the outside world. The effectiveness of this activity, which, as a rule, does not have a financial or other material result, is extremely difficult to measure by KPI, as well as by other methods. By implementing sustainable development goals and developing innovations applicable here, CSOs are in a situation of decentralization of decision-making rights that depend on other managers, which makes their status limited. An important direction of the CSO's work in the future will be to monitor advanced, relative to state regulation, technology development, signaling gaps between the company's commercial interests and compliance with product safety regulations.