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S + ESG as a New Dimension of Resilience: Security at the Core of Sustainable Business Development

Author

Listed:
  • Ganna Kharlamova

    (Faculty of Economics, Taras Shevchenko National University of Kyiv, 01601 Kyiv, Ukraine)

  • Denys Shchur

    (ACCA in Ukraine, The Baltic States, and Northern Europe, 01004 Kyiv, Ukraine)

  • Oleksandra Humenna

    (Kyiv National Economic University Named After Vadym Hetman, 03057 Kyiv, Ukraine)

Abstract

This study introduces the SESG (Security, Environmental, Social, Governance) framework as a necessary evolution of traditional ESG, aimed at enhancing societal and corporate resilience in the face of hybrid threats, war, and climate crises. By integrating a security dimension, SESG responds to the growing inadequacy of classical ESG models in high-risk environments, particularly for countries like Ukraine. The research combines theoretical analysis with empirical data, including a nationwide survey of Ukrainian professionals across business, government, and civil society sectors. The findings reveal overwhelming support—over 90%—for incorporating security into ESG, especially in sectors such as IT, energy, and logistics. The article proposes a matrix of qualitative and quantitative indicators to assess SESG performance and highlights business-led contributions to national defense. The results demonstrate that security is not just a governmental concern but a key factor in corporate responsibility, investor trust, and sustainable development. The study concludes that SESG offers both a scientific reframing of resilience and a practical tool for policy and strategy, particularly under conditions of geopolitical and environmental instability. It urges cross-sector collaboration, standardization, and awareness building to embed SESG as a core principle in global sustainability agendas.

Suggested Citation

  • Ganna Kharlamova & Denys Shchur & Oleksandra Humenna, 2025. "S + ESG as a New Dimension of Resilience: Security at the Core of Sustainable Business Development," Sustainability, MDPI, vol. 17(18), pages 1-19, September.
  • Handle: RePEc:gam:jsusta:v:17:y:2025:i:18:p:8425-:d:1753554
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    References listed on IDEAS

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    1. Bruno, Elena & Pistolesi, Francesco & Teti, Emanuele, 2025. "Cybersecurity policy, ESG and operational risk: A Virtuous relationship to improve banks’ performance," International Review of Economics & Finance, Elsevier, vol. 99(C).
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