Strategy of sustainable development of the construction business

The subject of the study is the theoretical and methodological aspects of the formation of astrategy for the sustainable development of the construction business.The purpose of the study is to outline the economic essence of the formation of a strategy forthe sustainable development of the construction business in the conditions of modern management.Research methods. The research used a set of scientific methods and approaches, includingsystematic, logical, induction, deduction, the method of comparisons and visual representation, whichmade it possible to ensure the conceptual unity of the research.Work results. The article substantiates the necessity of forming a strategy for the sustainabledevelopment of the construction business in the conditions of the transformation of the domestic economy,defines the economic essence of the concepts «construction business» and «sustainable development».Field of application of results. The sphere of development of business structures and in thesystem of higher education in the changing conditions of today.Conclusions. The main results of the research and its methodological results can be summarizedas follows: based on the conducted study of the theoretical and methodological aspects of theformation of a strategy for the sustainable development of the construction business, it was provedthat in order to ensure the sustainable development of economic entities in the field of construction inthe conditions of the transformation of the domestic economy, ESG–strategy is appropriate, coveringenvironmental, social and management aspects of the companies’ activities.