Conjunctural factors of ESG transformation of the food industry

Relevance. The ESG agenda is already becoming a reality and a necessity for successful and productive work of enterprises in the face of global climate challenges and a review of practiced business models. Food industry enterprises are quite sensitive to changes in consumer preferences, striving for resource conservation and healthy nutrition. Environmental degradation, reduction of natural resources (flora and fauna), population growth in poor and developing countries, migration flows of refugees from war zones – all this imposes additional responsibility on the leading countries and the technologies they use for the production, processing and processing of food raw materials. The ESG concept is a modern vector of responsible development and management of production processes in order to minimize damage to the environment.
Purpose. The main purpose of this study was the need to assess the current state of market conditions and the impact of its factors on the ongoing processes in the food industry.
Objectives. The article set the task to comprehensively and systematically study the transformation of the Russian food industry in the context of increasing turbulence and a paradigm shift in the social structure under the influence of market factors.
Methodology. In the process of writing this article, general scientific methods of systematization, generalization, analogy and system analysis of ongoing processes in the socio-economic formation were used.
Results. The ESG transformation of enterprises in the real sector of the economy is an irreversible process dictated by a paradigm shift in the social worldview, therefore, the implementation of these principles will allow enterprises to compete in both domestic and international markets. The main bonuses are saving resources, creating a popular image of the company, gaining access to targeted financing and preferential loans.
Conclusions. The conjunctural factors of the ESG transformation of the food industry activate existing reserves and potentials for more progressive and rational production growth in the face of external pressures and internal crises.

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