Abstract

The article presents an analysis of ESG principles in the development of the standard of living of the population of cities. The purpose of this study is to analyze the role of ESG principles in maintaining the standard of living of the urban population, through the introduction of best practices of a social, managerial and environmental nature. The authors emphasize that the current unstable geopolitical and economic situation to a certain extent affects the implementation of the principles of the ESG agenda in the urban space in the strategies of socio-economic development of the urban economy. This study notes the relevant aspect of the fact that currently a certain number of environmental initiatives have been postponed due to external sanctions pressure, so there are assumptions that it will not be necessary to expect an improvement in the environmental situation in a number of cities in the coming years. Meanwhile, the role of the social and managerial component of the ESG principles is increasing, since the state consistently provides social support to vulnerable segments of the population, improves the quality of public administration. One of the promising directions is the development of tourism and the hospitality industry, which are developing along the track of sustainable tourism.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call