The Relationship of Sustainable Development of the Enterprise and the Region

   Relevance. The question of how the impact on the sustainable development of the enterprise and the region on each other is currently the most acute and relevant. Sustainable regional development in the economic aspect is inextricably linked with the effective functioning of its systems, namely organizations and enterprises. At the same time, business entities actively interact with the external environment, which has a significant impact on their activities. One of the main elements of the external environment that the company faces is the policy of the region. This indicates the need to consider the sustainable development of the enterprise and the region in interrelation and interdependence, which will allow the most complete and reliable determination of indicators for their assessment.
   The purpose is to substantiate the relationship between the sustainable development of the region and the economic entities operating on its territory.
   Objectives: to reveal the essence of the concept of "sustainable development" for the region and for the enterprise; to identify the relationship between the sustainable development of the region and the enterprise; to consider the essence of the ESG strategy and its indicators.
   Methodology. When considering this topic, the following methods were used: analysis, synthesis, generalization, logical, as well as graphical methods of information processing, etc.
   Results. The conducted research revealed the relationship between the region and the enterprise in the context of sustainable development. The considered various approaches to the concept of "sustainable development" contributed to determining the close relationship between the sustainable development of the region and its economic structures. Also in the course of the work, ESG business transformation in conjunction with sustainable regional development was demonstrated. From this point of view, a matrix of indicators for evaluating the effectiveness of the enterprise was proposed.
   Conclusions. The sustainable development of the region and the enterprise are inextricably linked. In order for an economic entity to carry out effective activities, it is necessary to consider the closeness of the relationship between the region and its business structures, to evaluate the average industry indicators.

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