ESG INFORMATION DISCLOSURE AS A COMPONENT OF THE ORGANIZATIONAL AND ECONOMIC MECHANISM OF SUSTAINABLE ENTERPRISE DEVELOPMENT IN THE CONTEXT OF INTERNATIONAL ECONOMIC ACTIVITY MANAGEMENT

Abstract

The increasing importance of transparency and sustainability requirements in international markets enhances the role of environmental, social and governance (ESG) information disclosure by enterprises. The adoption of the European Union Corporate Sustainability Reporting Directive (CSRD) expands sustainability reporting requirements, including for companies cooperating with European partners or exporting to EU markets. Under such conditions, the availability and standardization of ESG information become important factors influencing companies’ access to international markets, investments and financial resources. The purpose of the article is to substantiate the role of ESG information disclosure as a component of the organizational and economic mechanism of sustainable enterprise development in the context of managing international economic activity. The study considers the organizational and economic mechanism of sustainable enterprise development as a system of interconnected management processes aimed at achieving economic, environmental and social development goals. Using the IDEF0 methodology, a contextual diagram of the block “Internal standards, evaluation methods and disclosure of sustainability information” is developed, which reflects the inputs, control factors, mechanisms and outputs involved in the formation and disclosure of ESG data. The article identifies the main sources of ESG information formation and disclosure, including non-financial reporting, sustainability reports, international reporting standards, ESG data platforms and rating systems. Particular attention is given to international ESG rating systems such as MSCI ESG Ratings, Sustainalytics, Refinitiv and CSRHub, which are used by investors and financial institutions to assess companies’ sustainability performance and ESG risks. The empirical part analyzes ESG indicators of selected companies from the banking, agri-food and telecommunications sectors operating in Ukraine. The results reveal sectoral differences in ESG risk levels and ratings, confirming that industry characteristics and the level of ESG information disclosure significantly influence companies’ positions in international ESG assessments.