INCLUDING NON-FINANCIAL (ESG) FACTORS IN BUSINESS PLANNING AND PROJECT ANALYSIS

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Provides a systematic methodology for integrating ESG factors into project analysis, offering a clear procedure and assessment methods.

🏢実務担当者:Offers a step-by-step procedure for incorporating ESG factors into business planning and project evaluation, useful for corporate sustainability teams.

The article is devoted to the current issues of considering non-financial (ESG) factors in the development of business plans and the analysis of investment projects. The relevance of this problem in investment management is substantiated in view of the socio-ecological consequences of the war with Russia. The essence of non-financial factors is revealed through the prism of the concept of sustainable development, according to which they are defined as ESG factors, i.e. they combine environmental, social and corporate governance factors. The factors are systematised for the needs of business planning and project analysis, and the need to select factors for assessment, taking into account the specifics of the project, is indicated. It is recommended to apply a systematic approach to taking into account the impact of ESG factors, based on the mutual influences between project parameters and non-financial parameters of the external environment. The feasibility of separating business plan content from the enterprise's main activities into separate sections to substantiate the impact of ESG factors has been demonstrated.The procedure for analysing the impact of non-financial factors on project indicators is proposed, which determines the step-by-step sequence and nature of work on the systematic analysis of their impact, starting from the collection and systematisation of information and ending with the integration of the results of ESG analysis into the business plan model, specific tasks for performers and into the monitoring system. The essence and purpose of each step in the procedure are clarified, and methodological tools for implementing them are proposed.Methods for qualitative and quantitative assessment of the impact of ESG factors are considered. It is noted that a qualitative assessment of the impact of factors is appropriate to use under conditions of uncertainty to establish their rating. It should describe the impact vector, scale, duration, stakeholders and be accompanied by modern visualisation tools. Quantitative assessment of ESG factors is proposed to be carried out on the basis of calculating the benefits and costs of their impact, with subsequent inclusion in the calculation of cash flow and determination of project performance indicators. It is advisable to use indicators relevant to ESG impacts, the so-called ESG KPIs. Given the complex nature of the action of ESG factors, it is proposed to apply in each specific case the assessment methods that best meet the specifics and conditions of the project implementation.

• semanticscholar https://doi.org/10.30838/ep.211.282-289first seen 2026-07-18 07:40:04