Integration of ESG principles into the management of organizations in Belarus

The aimis to study the process of integration of ESG-principles into the management of Belarusian organizations, to assess the benefits, risks and specifics of adaptation in the national context. Materials and methods. The paper analyzes regulatory legal acts of the Republic of Belarus, cases of Belarusian companies (A1, MTS, Sber Bank). Statistical data (MSCI, UN, World Bank) were used. Results. The stages of ESG-transformation of organizations were revealed. It is shown that companies with high ESG-ratings demonstrate growth of capitalization and risk reduction. Key barriers are identified: high cost of certification, staff shortage, fragmented legislation. Solutions for organizations and small businesses in Belarus are proposed: cluster projects, state support, focus on low-cost initiatives (energy efficiency). Conclusion.ESG-transformation in Belarus is at the initial stage. Systemic implementation requires the development of “hybrid” models combining global standards and national specifics, creation of ESGclusters for sharing experience and technologies, strengthening the role of the state. Integration of ESGprinciples into business models of organizations is not only a response to regulatory requirements, but also a strategic tool to increase competitiveness and profitability in the context of global challenges.