Barriers to the implementation of ESG principles by Russian enterprises

Sustainable development remains a key development priority for our country. At the micro level (that is, the level of individual enterprises), this process is implemented through the adoption of ESG management principles. However, the dissemination of ESG concepts currently faces a number of challenges. In this study, the author systematizes the barriers that arise in the implementation of specialized tools for implementing ESG principles, based on the analysis for non-financial reporting by Russian companies. Furthermore, the key trends in the development of sustainability reporting by Russian companies are identified and key provisions of non-financial reporting by five large industrial enterprises in Russia are systematized. Based on the obtained results, the barriers to the implementation of ESG management principles at the micro level are identified, which are of an economic, social, managerial, and technological nature. The obtained results will serve as a basis for future research, can be used by researchers and graduate students studying the provisions of the topic under consideration, and taken into account by state, regional, and local authorities. Among the research prospects, issues of assessing the implementation of specialized tools (financial, organizational, etc.) for the implementation of ESG enterprise management principles are highlighted.