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Digital Transformation and Business Adaptation during the lockdown period

Written by L.V. Mrochko, G.V. Spiridonova, A.A. Zhuk

The author considers digitalization trends, which intensified during the pandemic and lockdown periods, in the context of system and corporate governance of the company. Digital technologies, ESG-evaluation of business are attributed to the drivers of norms improvement and changes in the quality of corporate governance. Statistics show the attitude of the board of Russian companies to the digitalization of business. The role of ESG-rating in the sustainability of the company’s business is defined, the assessment of sustainability by the criterion of attitude to the environment and the criterion of openness and accessibility of data are highlighted. The author noted the trend of spreading the ESG-rating principles over the past 20 years in Russia.

Keywords: digitalization trends, corporate governance, system management, ESG-rating, data availability, business adaptation, lockdown, digital technology, business evaluation principles, management quality, business drivers, sustainability.

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