Marketing Transformation in View of Esg Principles

The article deals with an acute topic of using ESG-standards in business, and namely in designing marketing policy. The Environmental, Social and Corporate Governance (ESG) concept was studied and its parameters were identified. Specific business goals, which can be attained by using ESG were shown:...

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Main Author: G. M. Magomedova
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2024-11-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
Subjects:
Online Access:https://vest.rea.ru/jour/article/view/2153
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author G. M. Magomedova
author_facet G. M. Magomedova
author_sort G. M. Magomedova
collection DOAJ
description The article deals with an acute topic of using ESG-standards in business, and namely in designing marketing policy. The Environmental, Social and Corporate Governance (ESG) concept was studied and its parameters were identified. Specific business goals, which can be attained by using ESG were shown: to develop sustainable businessmodels, strengthen reputation, manage global challenges and create long-term values for society. The authors put forward principles of responsible consumption and carried out comparative analysis of conceptions of ESG and ESG in marketing. ESG-marketing implies a specific way of informing customers about important values of the company and its contribution to sustainable development by shaping valuable offer and spreading ESG-principles among customers. Certain groups of companies using ESG-marketing were demonstrated: ecological and social companies connected with healthy life style and industrial companies: all mining companies, automobile and aircraft industries. Benefits of using ESG strategies in marketing were enumerated.
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language Russian
publishDate 2024-11-01
publisher Plekhanov Russian University of Economics
record_format Article
series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-e863ed1f9d954508b4f48d24a75a9d492025-08-03T13:32:11ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512024-11-010622723210.21686/2413-2829-2024-6-227-2321315Marketing Transformation in View of Esg PrinciplesG. M. Magomedova0Plekhanov Russian University of EconomicsThe article deals with an acute topic of using ESG-standards in business, and namely in designing marketing policy. The Environmental, Social and Corporate Governance (ESG) concept was studied and its parameters were identified. Specific business goals, which can be attained by using ESG were shown: to develop sustainable businessmodels, strengthen reputation, manage global challenges and create long-term values for society. The authors put forward principles of responsible consumption and carried out comparative analysis of conceptions of ESG and ESG in marketing. ESG-marketing implies a specific way of informing customers about important values of the company and its contribution to sustainable development by shaping valuable offer and spreading ESG-principles among customers. Certain groups of companies using ESG-marketing were demonstrated: ecological and social companies connected with healthy life style and industrial companies: all mining companies, automobile and aircraft industries. Benefits of using ESG strategies in marketing were enumerated.https://vest.rea.ru/jour/article/view/2153esg-standardsesg-marketingclimate changesustainable developmentresponsible consumption
spellingShingle G. M. Magomedova
Marketing Transformation in View of Esg Principles
Вестник Российского экономического университета имени Г. В. Плеханова
esg-standards
esg-marketing
climate change
sustainable development
responsible consumption
title Marketing Transformation in View of Esg Principles
title_full Marketing Transformation in View of Esg Principles
title_fullStr Marketing Transformation in View of Esg Principles
title_full_unstemmed Marketing Transformation in View of Esg Principles
title_short Marketing Transformation in View of Esg Principles
title_sort marketing transformation in view of esg principles
topic esg-standards
esg-marketing
climate change
sustainable development
responsible consumption
url https://vest.rea.ru/jour/article/view/2153
work_keys_str_mv AT gmmagomedova marketingtransformationinviewofesgprinciples