Abstract
The article is devoted to current issues of economic security of economic entities in strengthening environmental sustainability in the implementation of investment activities. The generalized experience of global and local ecological problems demands careful planning and introduction of ecological actions which are formed at a design stage. The author discusses the basic contents of the section “Environment protection” of the design documentation allowing to level threats to ecological safety during construction and operation of an object of investments. The author reviews methods to assess the environmental and economic efficiency of investment projects, the main complexity of which is the allocation of the influx of funds as a result of increased environmental responsibility of business entities. The author justifies the inclusion of the environmental goodwill indicator in the balanced scorecard used to comprehensively assess the activities of enterprises, which will more fully disclose information about the company environmental policy, having a direct impact on financial performance, the improvement of which will ensure economic security and sustainable development.
Highlights
In modern economic conditions, characterized by market saturation, increased competition, unstable energy prices, the negative impact of political factors on international economic relations, the issues of maintaining economic security and ensuring sustainable development of enterprises become of paramount importance
The main emphasis in assessing the effectiveness of investment processes is made on the economic component, i.e. payback, which is confirmed by the works of Mirzabekova M.Y.[15], Lavrukhina N.V.[16], Kirillov Y.V.[17]
That is why one of the main trends of sustainable development and environmental sustainability is the elimination of the consequences and leveling of global and local environmental problems
Summary
In modern economic conditions, characterized by market saturation, increased competition, unstable energy prices, the negative impact of political factors on international economic relations, the issues of maintaining economic security and ensuring sustainable development of enterprises become of paramount importance. In order to maintain market positions, increase efficiency and ensure financial stability, business entities must offer innovative products and use innovative production and management technologies. Ivantsova E.A. gives the following definition of environmental and economic security - "a combination of economic, social and environmental conditions and factors that ensure sustainable and effective development of society, aimed at improving the quality of life of people and the environment."[14] The main attention in the above works is paid to ensuring environmental and economic security in the implementation of production activities, but the issues of environmental and safety at the stage of investment in the economy of the country. This work aims to address the issues of economic security in the system of environmental sustainability management at the stage of investment processes in the course of investment activities by business entities
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