Realisation of ESG principles in million-plus cities under the sanctions regime: Is there an alternative?

Kyriakopoulos, G. and Kumar, Vikas and Romanova, Olga (2023) Realisation of ESG principles in million-plus cities under the sanctions regime: Is there an alternative? E3S Web of Conferences, 435. 01003. ISSN 2267-1242

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Abstract

The purpose of the article is to highlight the importance of maintaining a commitment to ESG (Environment, Social, Governance) principles in the economy of major cities even under the sanctions regime. The research methodology is based on the theories of sustainable and spatial development. The methods of comparative, statistical and structural analysis have been used. The study hypothesises that Russia, even in the current conditions, has due prerequisites for the development of its cities based on ESG principles of economic management. The analysis of the ecological situation made it possible to justify the need for non-alternative observance of ESG principles in urban agglomerations. It is shown that the adherence to these principles will be largely determined by the quality and efficiency of the developed municipal economic policy. It is proposed to devise a special section on municipal industrial policy within the framework of the regional industrial policy, with a view to systematising administrative and incentive measures for the realisation of the ESG agenda for million-plus cities. The research results can be useful in amending socio-economic development strategies for Russia’s major and biggest cities.

Item Type:	Article
Identification Number:	10.1051/e3sconf/202343501003
Dates:	Date Event 1 October 2023 Accepted 11 October 2023 Published Online
Uncontrolled Keywords:	Major cities, ESG principles, Agglomeration effect, Strategy, Regional industrial policy
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-01 - business and management (non-specific)
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Gemma Tonks
Date Deposited:	24 Jan 2024 14:21
Last Modified:	20 Jun 2024 12:05
URI:	https://www.open-access.bcu.ac.uk/id/eprint/15166

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