THE RELATIONSHIP BETWEEN THE ESG CONCEPT AND THE CLOSED-LOOP ECONOMY

The article reveals the relationship between the ESG concept and the closed-loop economy. Based on the results of the analysis of research in the subject area, it is concluded that the closed-loop economy has an ambiguous effect on all components of the ESG concept. To the greatest extent, the closed-loop economy contributes to the environmental aspect of ESG by promoting sustainable practices and forming appropriate ratings at the regional and sectoral levels. Indirectly, the construction of a closed-loop economy model determines the formation of social responsibility of business for employment, health, safety and involvement of employees and the general population in the territories where companies operate. From the point of view of the managerial aspect, the closed-loop economy affects the company's management structure and its susceptibility to innovative regenerative processes.