Sustainability Ratings as the Key Benchmark for Global Business
Authors
Nozadze Mzevinar, Giga Pertia
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Annotation
The contemporary global economy is experiencing a profound shift toward sustainability. If decades ago, business success was measured only by the size of profits and losses, today the rules of the game have changed radically. In today's corporate landscape, sustainability ratings have emerged as a pivotal mechanism, shaping not only a company's reputation but also its financial performance and social responsibility. Sustainability Ratings are not just a symbolic gesture of environmental responsibility, but rather a strategic and strictly calculated economic decision. Ignoring ESG standards in the global market poses a serious strategic risk for companies, which means both limiting access to cheap financial resources and reducing demand from responsible consumers.
The main goal of the article is to demonstrate the role of sustainability rating as a fundamental criterion determining the use of modern business, and to justify its members and operational members of commercial companies. Sustainability.
The article is based on a complex theoretical analysis, where several methods are described. In particular, the descriptive (descriptive) and previous analysis method and the second data processing method, based on official reports and statistics of international financial institutions, rating agencies and leading technology companies.
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Authors
Nozadze Mzevinar, Giga Pertia
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References:
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