Esg Reporting as a Tool for Creating Value in the Context of Sustainability

The importance of ESG reporting in the context of sustainable development is growing. Such report contains financial and non-financial indicators of the company in three important areas: Environmental, Social, and Governance. The article substantiates the factors and conditions for transforming ESG reporting from a risk management into a creating business value tool in the sustainability. The article uses the example of well-known companies to demonstrate the improvement of approaches to ESG reporting based on the consideration of sustainability as a key component of competitiveness and growth in a changing business environment. Proposals for improving the ESG reporting procedures are formulated.