Мethodological principles for assessing the transparency of energy companies of Ukraine

Abstract

In modern conditions, the Concept of Sustainable Development has become a mandatory component of the strategy of any enterprise. This is facilitated by many factors, the main of which is the increasing of sustainable companies’ competitiveness because of improvement of stakeholders` attitude towards the company, which causes both increasing of the demand and increasing of its investment attractiveness. Sustainable Development Goal (SDG) 7 occupies a special place among all goals of sustainable development, because on the one hand, most of the SDGs can be implemented exclusively with the provision of energy, on the other hand, the energy sector is traditionally one of the main sources of environmental pollution, which can be significantly reduced by transition to renewable energy. The relevance of the study is also connected with the crucial need to restore the energy infrastructure of Ukraine destroyed during the invasion by the aggressor country; the investment process can only take place under the conditions of transparency of the investment objects. This study is aimed toward formation of methodological principles of Ukrainian energy companies` transparency evaluating. Based on foreign authors works studying the authors propose the mechanism for calculating the integral indicator of transparency of energy companies of Ukraine, which includes four groups of factors (CSR factors, ESG factors, SD factors, assessment of the fight against corruption). Each factor is evaluated using binary evaluations based on studying of public information of companies (management reports, integrated reports, information on the company's official website). The use of the proposed methodological principles will contribute to increasing the transparency of companies in the energy sector of Ukraine, which should significantly accelerate the attraction of investments for the restoration of the energy infrastructure destroyed during military operations.