Assessment of socio-economic prerequisites for the integration of ESG approaches into the strategic development of Russian regions

Zh.P. Khamukova, Kh.Yu. Borov

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Abstract: The relevance of the study is due to the need to adapt strategic planning of regional development to the goals of sustainability, transparency and social justice in accordance with the ESG agenda. The article considers the socio-economic characteristics of the Karachay-Cherkess Republic (KCR) as a region with high natural resource and demographic potential, but structural limitations in terms of employment, investment and technological infrastructure.
Aim. The study is to identify critical limitations for the implementation of ESG-oriented strategies, as well as areas of potential growth.
Methodology. The methodology of index assessment of regional conditions of ESG integration and sustainability parameters for components E, S and G are used.
Results. We found out that the region demonstrates moderate growth rates of GRP and investment with high demographic sustainability and social vulnerability. A conclusion is made about the need to form a flexible regional ESG model with priority on the development of human capital, green infrastructure and management transparency.
Conclusions. The presented results can be used for the purposes of regional strategizing, adjusting state programs and investment planning.

Keywords: sustainable development, regional economy, ESG, KCR, NCFD, investment, GRP, social sustainability, digitalization, poverty

For citation. Khamukova Zh.P., Borov Kh.Yu. Assessment of socio-economic prerequisites for the integration of ESG approaches into the strategic development of Russian regions. News of the Kabardino-Balkarian Scientific Center of RAS. 2025. Vol. 27. No. 5. Pp. 250–260. DOI: 10.35330/1991-6639-2025-27-5-250-260

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Information about the authors

Zhanna P. Khamukova, Postgraduate Student of the Department of Finance and Credit, North Caucasus State Academy;
36 Stavropol street, Cherkessk, 369001, Russia;
salima@list.ru
Khavazh Yu. Borov, Candidate of Economic Sciences, Associate Professor of the Department of Management, Ingush State University;
7, I. Zyazikov avenue, Magas, 386001, Russia;
SPIN-code: 5086-0433