Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
Registration of an entity in print media: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1390 dated 11/16/2023. Media identifier: R30-02018
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Environmental safety management circuit of business entities

# 19 97-102 Download/view the full text of the article

УДК: 343.2

DOI: https://doi.org/10.36887/2524-0455-2024-5-19

Larina Тetiana,
Doctor of Sciences in Economic, Professor, Professor of the Department of Economics and Business,
State Biotechnological University,
https://orcid.org/0000-0003-3149-8430
Vitkovskyi Yurii,
Doctor of Sciences in Economic, Professor, Head of the Department of Management,
Academy of Silesia,
https://orcid.org/0000-0001-5806-8671

The article aims to substantiate the need to create and develop an environmental safety management circuit for business entities to minimize environmental risks, increase competitiveness, and ensure sustainable development. The results of the study are presented, indicating the importance of integrating the environmental circuit into the management of business entities, given the high potential of the specified strategy in acquiring signs of sustainability within the framework of leading global trends, which allows for forming long-term market advantages. Within the framework of the presented approach, environmental risks arising in the process of economic activity are considered, and measures are developed to prevent and minimize them. The environmental management system consists of environmental impact assessment, monitoring of environmental indicators, use of renewable energy sources, waste reduction, and optimization of production processes in the direction of a circular economy. One of the main elements of integrating environmental goals into the enterprise management strategy is using the ESG approach, which includes environmental, social, and management elements. Environmental standards and regulations, such as ISO 14001, are presented as a tool for reducing negative environmental impact and improving the reputation and competitiveness of enterprises in the market. Within the environmental safety contour development framework, interaction with stakeholders is considered, among which state bodies, local communities, investors, consumers, and public organizations play a unique role. It is noted that at the macro level, the environmental safety of enterprises affects the development of the national economy through the integration of international standards and norms, as well as using innovative technologies to reduce negative environmental impact. The interaction between the micro and macro levels in the system of impulse factors for forming the environmental safety contour of business entities is presented through the adaptation of internal processes to external challenges.

Keywords: environmental safety, economic safety, business entities, management, sustainable development, ESG strategy.

References.

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The article was received 15.08.2024

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Larina Тetiana, Vitkovskyi Yurii. 15.08.2024. Environmental safety management circuit of business entities. The journal "Actual problems of innovative economy and law". 2024 / #5. 97-102pp. https://doi.org/10.36887/2524-0455-2024-5-19

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Larina Тetiana, Vitkovskyi Yurii. "Environmental safety management circuit of business entities". The journal "Actual problems of innovative economy and law". 15.08.2024. https://doi.org/10.36887/2524-0455-2024-5-19

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