Performance analysis of a development project through the integration of ESG factors
https://doi.org/10.21285/2227-2917-2025-1-85-96
EDN: GXLNMV
Abstract
The current agenda of strategic development of the construction industry involves the comprehensive implementation of ESG (Environmental, Social, and Governance) systems at all stages of the life cycle of a development project, rather than a separate application and compliance with environmental legislation. This is increasingly important due to the growing public attention to environmental issues, social responsibility, and effective management. The ESG concept is aimed at stimulating substantial, qualitative, economic, and technological transformations in all business processes of the developer, thus ensuring continuous compliance with sustainable development goals throughout the entire life cycle of the project. Following this concept, the development business in Russia will be provided with economic and technological sovereignty in strategic positioning. Accordingly, this paper performs an ESG assessment of the OOO SZ “KSI Stroy” company using the ACRA methodology. On the basis of the results obtained, recommendations on implementing the ESG concept in the business processes of developer companies are provided. The economic efficiency of the ESG concept implementation was assessed in order to determine its impact on the cost of development projects. The results prove the expediency of applying the ESG concept at all stages of the life cycle of development projects, which will increase the future value of the project.
About the Authors
M. V. Matveeva
Irkutsk National Research Technical University
Russian Federation
Competing Interests:
Russian Federation
Maria V. Matveeva, Dr. Sci. (Econ.), Professor, Professor of the Department of Expertise and Real Estate Management
83 Lermontov St., Irkutsk 664074
AuthorID: 505831
Competing Interests:
Maria V. Matveeva has been a member of the Proceedings of Universities. Investment. Construction. Real estate” Editorial Board since 2018, but she was not in-volved in making decision about accepting the present article for publication. The article was subjected the Journal’s review procedure. The authors did not report any other conflicts of interest
O. A. Bezrukikh
Irkutsk National Research Technical University
Russian Federation
Russian Federation
Olga A. Bezrukikh, Senior Lecturer of the Department of Real Estate Expertise and Management
83 Lermontov St., Irkutsk 664074
AuthorID: 1046586
V. A. Iznova
Irkutsk National Research Technical University
Russian Federation
Russian Federation
Veronika A. Iznova, Postgraduate Student
83 Lermontov St., Irkutsk 664074
A. N. Balysheva
Moscow State University of Civil Engineering
Russian Federation
Russian Federation
Anna N. Balysheva, Master's Student
26 Yaroslavskoe Sh., Moscow 129337
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Review
For citations:
Matveeva M.V., Bezrukikh O.A., Iznova V.A., Balysheva A.N. Performance analysis of a development project through the integration of ESG factors. Izvestiya vuzov. Investitsii. Stroitelstvo. Nedvizhimost. 2025;15(1):85-96. (In Russ.) https://doi.org/10.21285/2227-2917-2025-1-85-96. EDN: GXLNMV
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