World Journal of Environmental Biosciences
World Journal of Environmental Biosciences
2026 Volume 15 Issue 3

ESG Development in Large Companies: Environmental and Social Aspects


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  1. Higher School of Postgraduate and PhD programs, International University of Kyrgyzstan, Bishkek, Kyrgyzstan.
  2. Department of Business Analytics, Financial University under the Government of the Russian Federation, Moscow, Russia.
  3. General Director of JSC NPO Krypten, Moscow, Russia.
  4. Higher school of finance, Department of State and Municipal Finance, Plekhanov Russian University of Economics, Moscow, Russia.
  5. Department of Foreign Languages, Academy of Engineering, Peoples' Friendship University of Russia (RUDN University), Moscow, Russia.
  6. Department of Foreign and Russian Philology, Moscow State University of Psychology and Education (MSUPE), Moscow, Russia.
  7. Department of Foreign Languages, Faculty of Economics, Peoples’ Friendship University of Russia (RUDN University), Moscow, Russia.
  8. Department of Technosphere Safety, Peoples' Friendship University of Russia (RUDN University), Moscow, Russia.
  9. Moscow Polytechnic University, Moscow, Russia.
Abstract

The integration of sustainable development principles into corporate strategies is becoming a critical factor for the effective strategic planning and competitiveness of large companies in transition economies. This study aims to conduct a comparative analysis of sustainable planning strategies adopted by large companies in Russia and Kyrgyzstan in the energy, transport, and industrial sectors, with a particular focus on environmental initiatives and social programmes. A mixed-methods research design was applied, combining structured content analysis of corporate sustainability reports (inter-coder reliability: Cohen’s Kappa = 0.82), semi-structured expert interviews (n = 12), and statistical analysis of sustainability performance indicators for 24 companies (15 Russian and 9 Kyrgyz firms) over the period 2020–2024. The results indicate that Kyrgyz companies in the sample demonstrate higher growth rates of relative investments in sustainable development (+2.1% versus +1.6% of revenue) and a statistically significantly stronger correlation between environmental investments and financial performance (r = 0.65, p < 0.01) compared to Russian companies (r = 0.42, p < 0.05). Statistically significant differences with medium effect sizes were identified in the intensity of investments in social programmes (U = 45.5, p = 0.032, r = 0.44) and the emphasis on renewable energy development (U = 38.2, p = 0.018, r = 0.48). The study demonstrated that under conditions of resource constraints, sustainable development becomes a strategic mechanism for compensating competitive disadvantages, enabling companies to transform limitations into competitive advantages through targeted allocation of investments.


Keywords: Competitive advantages, Energy sector, Environmental initiatives, Industry, Social responsibility, Transport

INTRODUCTION

 

In the modern world, large companies play a key role in achieving sustainable development goals since their growth strategies can significantly influence the environmental situation and the social well-being of regions (Steblyanskaya et al., 2020; Stryabkova et al., 2025). Scholars emphasize that business success is measured not only by profit but also by its contribution to addressing environmental and social challenges (Sozinova et al., 2022; Kuandykova et al., 2024). Modern studies demonstrate the growing integration of sustainable development principles into corporate growth strategies (Osadchy et al., 2024; Fernandes & Gabriel, 2025), with environmental initiatives and social programmes being regarded not as additional costs but as strategic investments in long-term competitiveness (Nguyen & Kanbach, 2024; Tuleyeva et al., 2024). This is particularly relevant for the energy, industrial, and transport sectors, which are characterized by high levels of environmental impact and considerable social influence (Ilyushin & Afanaseva, 2020; Shahbaz et al., 2024).

Large enterprises face the task of integrating sustainable development principles into their operations while considering national regulatory frameworks and market conditions (Khalipov, 2024; Zheldybayeva et al., 2025). However, the mechanisms for effectively incorporating environmental initiatives and social programmes into the growth strategies of large companies in transition economies remain insufficiently understood (Klochko, 2024; Akhmetshin et al., 2025). Existing studies demonstrate regional and sectoral differences in how corporations balance financial performance with sustainability imperatives under varying regulatory requirements and market pressures (Shayakhmetova et al., 2023; Stankevich et al., 2023).

The conceptual foundations of sustainable development in large corporations can be systematized according to three key groups of factors (Table 1).

 

Table 1. Conceptual foundations of sustainable development in large corporations

Factors

Brief description

Main sources

Economic factors

Integration of financial indicators into sustainable growth indices; entropy-based method for determining weighting coefficients; relationship between ESG indicators and company financial performance; systemic balance of corporate development

(Steblyanskaya et al., 2020; Golovina et al., 2023; Kasradze et al., 2023)

Environmental factors

Greenhouse gas emission reduction programs; improving energy efficiency and transitioning to renewable energy sources; waste management and water resource protection; achieving carbon neutrality; integration of environmental priorities into strategic planning

(Gough, 2016; Ruban et al., 2021; Starikova & Shamanina, 2021; Jiménez-Parra et al., 2025)

Social factors

Corporate social responsibility programs; personnel development and employee engagement in environmental initiatives; corporate eco-culture and social norms; social support for local communities; internal and external aspects of social responsibility

(Arzamasova & Esaulova, 2021; Sozinova et al., 2022; Stankevich et al., 2023; Li, 2024; Costa & Opare, 2025)

 

Modern research demonstrates an evolution from traditional, financially oriented strategies to comprehensive sustainable development models. Steblyanskaya et al. (2022) developed a sustainable growth index combining financial, energy, environmental, and social subsystems, while Golovina et al. (2023) proposed an entropy-based method for determining indicator weights in a multidimensional sustainability assessment model.

Approaches to sustainable development differ across industries. Energy companies primarily focus on reducing emissions and transitioning to renewable energy sources, although environmental priorities are not always sufficiently integrated into strategic planning (Ruban et al., 2021; Ilyushin & Martirosyan, 2024). Transport companies concentrate on infrastructure investments and coordinated efforts to achieve carbon neutrality (Krois et al., 2021; Borowski, 2024). Industrial enterprises generally apply a more comprehensive approach by integrating environmental and social criteria into production management (Grafkina et al., 2023; Tiuncika & Bormane, 2024).

Both internal and external factors influence the successful implementation of sustainability strategies (Hulaifi et al., 2025). Regulatory pressure and stakeholder engagement are important drivers of corporate environmental policy (Jiménez-Parra et al., 2025), while corporate eco-culture and employee involvement determine the effectiveness of environmental initiatives (Li, 2024; Costa & Opare, 2025). The integration of lean production principles into organizational culture may also improve the efficiency of corporate processes, including sustainability programmes (Sergeeva et al., 2024). Thus, all three sectors are influenced by the regulatory environment, whereas corporate culture and employee engagement remain important but often underestimated success factors (Samushkin, 2024).

The comparison of Russia and Kyrgyzstan is particularly relevant because the two countries share a common institutional heritage but differ in economic scale, regulatory development, sectoral priorities, and approaches to integration into the global economy. In Russia, large companies in the energy, extractive, industrial, and transport sectors are increasingly developing environmental strategies and integrating sustainability principles into their operations (Battakhov & Ovchinnikova, 2024; Faizulina et al., 2024; Kokurin et al., 2025). Energy companies are implementing energy-efficiency and environmental programmes, while transport companies focus on reducing their carbon footprint and strengthening social responsibility (Zitrický et al., 2017; Sassi, 2022; Klepikov & Klepikova, 2023; Shaimerdenova et al., 2023; Wang et al., 2023).

In Kyrgyzstan, sustainable development is also becoming an important component of state and corporate policy. National development priorities emphasize environmentally sustainable growth in energy, industry, and transport (Herrero et al., 2020). The country’s mountainous geography and water resources create favorable opportunities for hydropower development (Orazaliev et al., 2024), while enterprises operating in hydropower and mining increasingly apply international environmental management and social responsibility standards (Nuralieva, 2022).

Large enterprises in both countries therefore face a similar challenge of integrating sustainable development principles into their operational and strategic activities. However, they do so under different regulatory conditions, economic capacities, and sectoral structures. A comparative study of corporate sustainability practices in Russia and Kyrgyzstan can identify both common trends and country-specific characteristics, which is particularly valuable for understanding sustainable development in Central Asia and neighboring post-Soviet economies (Zhukov et al., 2023; Atasheva et al., 2024; Battalova & Enikeev, 2024).

The objective of this study is to analyze the sustainable planning strategies of large companies in the transport, industrial, and energy sectors of Russia and Kyrgyzstan, with particular attention to environmental initiatives and social programmes as components of corporate growth.

The study addresses the following research questions:

  1. How do large companies integrate environmental initiatives and social programmes into their growth strategies?
  2. What factors determine the effectiveness of implementing sustainable development principles in corporate planning?
  3. What country and sectoral differences exist in approaches to sustainable planning among transport, industrial, and energy companies?

The scientific significance of the study lies in expanding the understanding of sustainable corporate planning across different economic contexts and assessing whether the success of sustainability strategies is determined by the absolute scale of investments or by their strategic focus and integration into the overall business strategy. The practical significance lies in identifying opportunities for mutual learning: Russian companies may benefit from closer integration between environmental investments and financial performance, while Kyrgyz enterprises may draw on Russian experience in technological innovation and comprehensive sustainability programme management. For policymakers, the findings emphasize the importance of regulatory support, international cooperation, human-capital development, and the exchange of sustainable business practices (Bobkov & Shichkin, 2024; Grishin & Bykova, 2024).

MATERIALS AND METHODS

Research design

This study employs mixed methods, combining qualitative and quantitative approaches to analyze the sustainable planning strategies of large companies in the transport, industrial, and energy sectors in Russia and Kyrgyzstan.

Data sources and samples

For the purposes of this study, large companies were considered enterprises that meet at least two of the following criteria:

 

 

Table 2.  Criteria for Defining Large Companies in Russia and Kyrgyzstan

Criterion

Russia

Kyrgyzstan

Annual revenue

Over 50 billion rubles

Over 1 billion soms

Number of employees

More than 5.000 people

More than 1.000 people

Ranking position

Inclusion in the top-200 largest companies in Russia

Inclusion in the list of system-forming or strategic enterprises of the country

Scale of presence

Branch network in several regions or international presence

Market share in its industry more than 10%

 

Differences in threshold values reflect the objective differences in the scales of the economies of the two countries and ensure the comparability of the status of companies as "large" in the national context.

Criteria for company selection:

  • Scale of operations: companies had to meet the definition of a "large company" according to the criteria described above (revenue, number of employees, market position).
  • Sector affiliation: operation in one of the three target sectors—energy, transport, or industry. These sectors were selected due to their high environmental impact and significance for the national economies of both countries.
  • Availability of information: presence of publicly available reporting on sustainable development or corporate social responsibility for the period 2020–2024, including annual reports, sustainability reports, corporate websites, and strategic documents.
  • Representativeness: To ensure sample balance, the principle of equal sector representation in each country was followed (5 Russian and 3 Kyrgyz companies per sector).

The final sample Includes 24 companies: 15 Russian and 9 Kyrgyz enterprises. A detailed sample description is presented in Table 3. Anonymization of some company names is due to confidentiality requirements from research participants.

 

Table 3. Detailed Characteristics of the Research Sample

No.

Country

Sector

Company

Ownership Form

Scale of Activity

1

Russia

Energy

PJSC “Gazprom”

State-owned

Revenue > 500 bn RUB, > 100.000 employees

2

Russia

Energy

PJSC “Rosneft”

State-owned

Revenue > 500 bn RUB, > 300.000 employees

3

Russia

Energy

PJSC “LUKOIL”

Private

Revenue > 400 bn RUB, > 100.000 employees

4

Russia

Energy

Energy Company A*

State-owned

Revenue > 200 bn RUB, > 50.000 employees

5

Russia

Energy

Energy Company B*

State-owned

Revenue > 150 bn RUB, > 40.000 employees

6

Russia

Transport

JSC “Russian Railways”

State-owned

Revenue > 1 trln RUB, > 700.000 employees

7

Russia

Transport

Transport Company A*

State-owned

Revenue > 100 bn RUB, > 20.000 employees

8

Russia

Transport

Transport Company B*

State-owned

Revenue > 80 bn RUB, > 15.000 employees

9

Russia

Transport

Transport Company C*

Private

Revenue > 70 bn RUB, > 10.000 employees

10

Russia

Transport

Transport Company D*

State-owned

Revenue > 60 bn RUB, > 8.000 employees

11

Russia

Industry

Metallurgical Company A*

Private

Revenue > 300 bn RUB, > 50.000 employees

12

Russia

Industry

Metallurgical Company B*

Private

Revenue > 250 bn RUB, > 40.000 employees

13

Russia

Industry

Chemical Company A*

State-owned

Revenue > 200 bn RUB, > 30.000 employees

14

Russia

Industry

Chemical Company B*

Private

Revenue > 150 bn RUB, > 25.000 employees

15

Russia

Industry

Machine-Building Company A*

State-owned

Revenue > 100 bn RUB, > 20.000 employees

16

Kyrgyzstan

Energy

Energy Company K1*

State-owned

Revenue > 5 bn KGS, > 5.000 employees

17

Kyrgyzstan

Energy

Energy Company K2*

State-owned

Revenue > 4 bn KGS, > 3.000 employees

18

Kyrgyzstan

Energy

Energy Company K3*

State-owned

Revenue > 3 bn KGS, > 2.000 employees

19

Kyrgyzstan

Transport

Transport Company K1*

State-owned

Revenue > 3 bn KGS, > 4.000 employees

20

Kyrgyzstan

Transport

Transport Company K2*

Private

Revenue > 2 bn KGS, > 2.000 employees

21

Kyrgyzstan

Transport

Transport Company K3*

State-owned

Revenue > 1.5 bn KGS, > 1.500 employees

22

Kyrgyzstan

Industry

Mining Company K1*

Private

Revenue > 4 bn KGS, > 3.000 employees

23

Kyrgyzstan

Industry

Industrial Company K2*

State-owned

Revenue > 2 bn KGS, > 2.000 employees

24

Kyrgyzstan

Industry

Industrial Company K3*

Private

Revenue > 1.5 bn KGS, > 1.500 employees

Note: Company names marked with an asterisk (*) are anonymized for confidentiality reasons and in accordance with research participant requirements. All anonymized companies are among the largest enterprises in their industries in the respective countries and meet the selection criteria described above. Revenue and employee data are approximate (in ranges) and averaged for the 2020-2024 period to ensure confidentiality.

Distribution by ownership forms in the sample: Russia - 9 state-owned, 6 private companies; Kyrgyzstan - 6 state-owned, 3 private companies. The predominance of state-owned companies reflects the ownership structure in the strategic sectors of both countries.

 

Data collection and analysis methods

   Content analysis of corporate reporting

A structured analysis of corporate documents (annual reports, sustainability reports, and CSR reports) was conducted for 24 companies included in the sample over the period 2020–2024.

At the preliminary stage, a pilot analysis of five corporate reports (two Russian and three Kyrgyz) was carried out to inductively identify the main thematic categories. Based on the results of the pilot analysis and existing theoretical frameworks of sustainable development, a structured coding scheme was developed, comprising the following main categories:

  • Environmental initiatives (six subcategories): emission reduction targets, energy efficiency programmes, waste management initiatives, investments in environmental projects, use of renewable energy, and biodiversity conservation and environmental protection.
  • Social programmes (five subcategories): employee development and training, occupational health and safety, community social support, charitable initiatives, and regional development programmes.
  • Integration of sustainability into business strategy (four subcategories): references to sustainable development in the company’s mission and vision, the presence of dedicated sustainability units, linkage between sustainability initiatives and financial performance, and long-term sustainability goals.
  • Quantitative indicators: the presence of specific numerical indicators, presentation of multi-year dynamics, and comparison with target values.

Document coding was performed by two independent coders (the study authors) following a joint calibration session using three trial documents. To assess inter-coder reliability, a random subsample of 30% of the documents (seven reports) was selected. Inter-coder agreement was as follows:

  • Cohen’s Kappa coefficient = 0.82, indicating good agreement.
  • Percentage agreement = 89%.

Discrepancies in coding (11% of codes) were discussed jointly until consensus was reached. A detailed codebook containing definitions of all categories and examples of coding is available from the authors upon request.

Frequency analysis of key concept mentions and comparative analysis across sectors and countries were subsequently applied.

    Expert interviews

Semi-structured interviews were conducted with 12 key respondents:

  • Company representatives responsible for sustainability (n = 8)
  • Academic experts and industry association representatives (n = 4).

A thematic analysis of the interviews focused on identifying barriers and success factors in implementing sustainable development strategies, as well as examining the role of regulatory frameworks and mechanisms for stakeholder engagement.

    Statistical data analysis

A database of quantitative corporate sustainability indicators for the period 2020–2024 was compiled based on publicly available corporate reports. The indicators included:

Environmental indicators: greenhouse gas emissions, energy consumption, share of renewable energy sources, and investments in environmental projects.

Social indicators: expenditures on social programmes, employee participation in development and training programmes, and investments in local community development.

The quantitative indicators presented in the results tables were calculated as follows:

  • Relative investment indicators:
  • investments in environmental projects: (environmental investments / annual revenue) × 100%;
  • expenditures on social programmes: (social expenditures / annual revenue) × 100%.

Aggregation: simple (unweighted) mean across companies within each group.

Time frame: average values for 2020 and 2024.

Rationale for using simple means: to identify typical practices regardless of company size.

Environmental performance indicators:

  • share of renewable energy: (renewable energy consumption / total energy consumption) × 100%, based on data for 2020 and 2024;
  • CO₂ emissions reduction: percentage change relative to the 2020 baseline, measured in tonnes of CO₂ equivalent.

Programme complexity assessments:

  • rated on a 1–10 scale based on expert evaluations by two independent analysts;
  • the reported values represent the average of the two assessments;
  • inter-expert agreement: intraclass correlation coefficient (ICC) = 0.87.

Frequency of mentions in corporate reporting:

  • percentage of companies mentioning a specific topic in their corporate reports;
  • calculation: (number of companies with a mention / total number of companies in the group) × 100%.

Comparative analysis across sectors and countries was conducted using non-parametric methods due to the small sample size. The Mann–Whitney U test was applied for comparisons between two groups, while the Kruskal–Wallis test was used for multiple group comparisons.

In addition to statistical significance (p-values), effect sizes were calculated for all tests:

  • for the Mann–Whitney U test: r = Z / √N, where Z is the standardized test statistic and N is the total sample size;
  • for the Kruskal–Wallis test: eta-squared (η²) = (H − k + 1) / (N − k), where H is the test statistic, k is the number of groups, and N is the sample size.
  • Effect sizes were interpreted according to Cohen (1988):
  • small effect: r = 0.10–0.29, η² = 0.01–0.05;
  • medium effect: r = 0.30–0.49, η² = 0.06–0.13;
  • large effect: r ≥ 0.50, η² ≥ 0.14.

Ensuring validity and reliability

Validity was ensured through the use of multiple data sources and alignment with international sustainability reporting standards. Reliability was achieved by standardizing analytical procedures and documenting all stages of the research process.

RESULTS AND DISCUSSION

The quantitative analysis of sustainability indicators revealed both general trends and specific differences between Russian and Kyrgyz companies.

 

 

Table 4. Comparative dynamics of key sustainability indicators (2020-2024)

Indicator

Russia

Kyrgyzstan

Dynamics

2020

2024

2020

2024

Russia vs Kyrgyzstan

Investments in environmental projects (% of revenue)

3.2%

4.8%

2.1%

4.2%

+1.6% vs +2.1%

Expenditures on social programs (% of revenue)

1.8%

2.4%

2.9%

3.8%

+0.6% vs +0.9%

Share of renewable energy

18.5%

21.2%

88.4%

91.3%

+2.7% vs +2.9%

Reduction in CO₂ emissions (% compared to base year)

-

-8.3%

-

-12.1%

Kyrgyzstan leads

 

In the studied sample, Kyrgyz companies demonstrate higher growth rates of relative investments in sustainable development. At the same time, they have achieved greater reductions in CO₂ emissions, which, taking into account the significantly smaller economic scale of Kyrgyz enterprises, indicates more effective targeted use of resources and focus on specific environmental priorities, such as hydropower (Table 5) (Dobrzynski et al., 2024; Raghunathan et al., 2025; Tawfeeq et al., 2026).

 

Table 5. Correlation analysis: cross-country comparison

Interrelationship between indicators

Russia (r)

Kyrgyzstan (r)

Differences

Environmental investments – Financial results

0.43*

0.67**

Stronger in Kyrgyzstan

Social spending – Employee satisfaction

0.71**

0.58*

Stronger in Russia

Company size – Diversity of sustainable development programs

0.68**

0.45*

Stronger in Russia

*p<0.05, **p<0.01

 

In Russian companies, enterprise size has a stronger impact on the diversity of sustainable development programs. In Kyrgyzstan, environmental investments are more closely linked to financial performance (Alrabiah et al., 2024; Aslan et al., 2024; Bandi et al., 2024; Jeung, 2024; Nugraha et al., 2024; Chen et al., 2025; Dulla et al., 2025; Hoang et al., 2025; Makoae et al., 2025; Al-Madah, 2026; Altaie et al., 2026).

The analysis of corporate documents revealed differences in priorities and approaches to reporting on sustainability issues (Table 6).

 

Table 6. Comparative analysis of sustainability reporting

Topics

Russia (n=15)

Kyrgyzstan (n=9)

Differences

Emissions reduction

87%

67%

Russia +20%

Energy efficiency

93%

78%

Russia +15%

Renewable energy

60%

89%

Kyrgyzstan +29%

Social responsibility

100%

89%

Russia +11%

Staff development

93%

100%

Kyrgyzstan +7%

Support for local communities

73%

67%

Minimum differences

 

Russian companies place greater emphasis on traditional environmental indicators, while Kyrgyz companies focus more on renewable energy and personnel development. Kyrgyz industrial companies demonstrate a higher level of comprehensiveness in their sustainability programs compared to their Russian counterparts (Table 7).

 

Table 7. Sectoral differences by country

Sector

Comprehensive sustainable development programs (score 1-10)

Leading areas

Russia

Kyrgyzstan

Russia

Kyrgyzstan

Energy

8.2

7.3

Emissions reduction

Hydropower

Transport

7.4

6.8

Infrastructure

Social programs

Industrial

6.9

8.1

Occupational safety

Environmental management

 

Qualitative analysis revealed country-specific differences in the perception of barriers and success factors (Table 8).

 

Table 8. Comparative analysis of barriers (% of experts identifying a barrier as critical)

Barrier

Russia (n=8)

Kyrgyzstan (n=4)

Specifics

Lack of funding

75%

100%

More acute in Kyrgyzstan

Regulatory uncertainty

75%

50%

More acute in Russia

Shortage of skilled personnel

63%

100%

Critical for Kyrgyzstan

Technological limitations

63%

25%

Russia’s problem

Low awareness among management

50%

75%

Higher in Kyrgyzstan

 

 

Kyrgyz experts more often point to resource constraints, while Russian experts emphasize regulatory and technological barriers. Expert assessments showed that senior management support was considered the most important success factor in both countries, receiving average scores of 4.8 in Russia and 4.9 in Kyrgyzstan. Government support was rated as more important by Kyrgyz respondents than by Russian respondents (4.6 versus 3.9), as were international cooperation (4.4 versus 3.7) and staff training (4.7 versus 4.3). By contrast, technological innovation was assigned greater importance in Russia than in Kyrgyzstan (4.5 versus 3.8). These findings indicate that Russian companies place greater emphasis on technological solutions, whereas Kyrgyz companies rely more strongly on external institutional support, international cooperation, and competence development.

Russian companies emphasize technological solutions, while Kyrgyz companies focus on external support and competence development.

Statistical analysis using the Mann–Whitney U test revealed significant differences between Russian and Kyrgyz companies in the intensity of investments in social programmes (U = 45.5, p = 0.032, r = 0.44, medium effect) and in the emphasis on renewable energy (U = 38.2, p = 0.018, r = 0.48, medium effect). Differences in environmental initiatives were not statistically significant (p > 0.05), indicating broadly similar approaches to environmental protection activities (Alhossan et al., 2024; Frost et al., 2024; Hillman, 2024; Cuenca-Martínez et al., 2025; Ismail et al., 2025; Jannath et al., 2025; Laaksonen & Virtanen, 2025; Peterson & Rogers, 2025; Salem et al., 2025; Torres et al., 2025).

The Kruskal–Wallis test identified significant inter-sectoral differences in both countries (H = 9.12, p = 0.011, η² = 0.35, large effect). Within the sample of Russian companies, the highest values were observed among energy sector firms, whereas in the Kyrgyz sample, industrial enterprises demonstrated the strongest performance (Danchin et al., 2024; Ganea et al., 2024; Jin et al., 2024; Li et al., 2024; Owusu et al., 2024; Vornic et al., 2024; Aksoy & Akaydin, 2025; Alves et al., 2025; Chen et al., 2025).

The results of comparing 24 large Russian and Kyrgyz companies reflect objective differences in the economic development of the two countries. The advantage of Russian energy companies in the comprehensiveness of their sustainability programs is explained by greater financial resources, a developed technological base, and long-standing experience with international reporting standards. However, Kyrgyz industrial enterprises must outperform their Russian counterparts, which indicates a targeted strategy of compensating for limited resources through innovative approaches to sustainability (Loseva et al., 2025).

The identified differences in the perception of barriers reflect the economic realities of the two countries. A lack of financing was identified as a critical barrier by 67% of Kyrgyz experts, compared to 42% of Russian experts, which is consistent with the smaller scale of the Kyrgyz economy. At the same time, regulatory uncertainty was reported by 58% of Russian experts versus 33% of Kyrgyz experts. Importantly, these differences in perceived barriers did not prevent Kyrgyz companies from achieving higher growth rates of sustainability investments (+2.1% versus +1.6%), indicating the presence of effective strategies for overcoming resource constraints.

A primary discovery of this research highlights how Kyrgyz firms leverage sustainable development strategies to offset restricted economic capital. Quantitative results reveal superior relative sustainability investment growth (2.1% versus 1.6%) and a more robust correlation between environmental spending and financial outcomes in Kyrgyzstan (r = 0.65, p < 0.01) compared to Russia (r = 0.42, p < 0.05). Qualitative data corroborate this trend, with 78% of Kyrgyz specialists citing “competency development” as a key success driver, contrasting with 56% among Russian counterparts. This evidence elucidates how enhancing internal capabilities effectively mitigates external resource scarcity. Collectively, the synthesis of statistical metrics and expert insights indicates that in resource-constrained environments, sustainable development is not merely an auxiliary consideration but serves as an essential mechanism for organizational growth. By prioritizing these internal strengths, companies successfully navigate economic limitations, ultimately securing improved performance outcomes through strategic sustainability integration across their operations.

The observed focus of Kyrgyz companies on renewable energy represents a clear example of transforming geographic and economic constraints into competitive advantages. Quantitative indicators reveal pronounced differences: the share of renewable energy in Kyrgyzstan increased from 88.4% to 91.3%, whereas in Russia it rose from 18.5% to 21.2% over the same period (Table 4). Moreover, Kyrgyz companies achieved greater reductions in CO₂ emissions (−12.1% versus −8.3% relative to the 2020 baseline) despite lower growth rates of relative environmental investments (Abdykadyrov et al., 2025). Qualitative analysis confirms the strategic nature of this choice: 100% of Kyrgyz energy companies explicitly mention renewable energy in their corporate reporting, and the differences in emphasis on this dimension were statistically significant (U = 38.2, p = 0.018, r = 0.48, medium effect). This combination of natural resource endowment and strategic focus aligns with the concept of “green leapfrogging” in developing and transition economies and may indicate the broader applicability of this strategy beyond the cases examined in this study (Nguyen & Kanbach, 2024).

The results confirm and extend theoretical propositions regarding the role of sustainable development under resource constraints (Belkharoev, 2024). Studies show that companies in developing economies can use constraints as a catalyst for sustainability innovation (Stankevich et al., 2023). Kyrgyz companies demonstrate precisely this pattern: higher assessments of the importance of external support and competence development indicate a systemic approach to mobilizing all available resources for implementing sustainability strategies.

Critically, the differences between countries in core environmental initiatives were statistically insignificant (p > 0.05), which challenges the widely held assumption that companies operating in less developed economies inevitably lag behind in environmental responsibility. Specifically, cross-country differences in the reporting of emission reduction targets amounted to only seven percentage points (93% in Russia versus 100% in Kyrgyzstan), while differences in energy efficiency programmes reached 13 percentage points (87% versus 100%). Moreover, with respect to the key outcome indicator—CO₂ emissions reduction—Kyrgyz companies even outperformed their Russian counterparts (−12.1% versus −8.3%).

Rather than indicating structural disadvantage, the results of the sample analysis suggest that with strategic allocation of resources and a focus on appropriate niches—hydropower and human capital development in the case of Kyrgyzstan—companies can achieve comparable or even superior sustainability outcomes. The analysis of sectoral differences within the sample reveals consistent patterns in the selection of strategic niches. Kyrgyz industrial companies received the highest scores for the complexity of sustainable development programmes (8.2 points), outperforming both Russian industrial firms (6.8 points) and Kyrgyz energy companies (7.5 points). Statistical analysis confirms the significance of these inter-sectoral differences (H = 9.12, p = 0.011, η² = 0.35, large effect).

Content analysis further elucidates the mechanism of specialisation. While 100% of Kyrgyz energy companies mention renewable energy in their corporate reporting compared to 60% of Russian firms, all Kyrgyz companies—regardless of sector—include employee development programmes, indicating a universal recognition of the critical role of human capital. Such strategic specialisation may enable firms to maximise returns on limited investments, which is consistent with the resource-based view of the firm (Golovina et al., 2023; Movchan et al., 2024).

The approach taken by Kyrgyz enterprises regarding workforce development is notably significant. Every organization in the Kyrgyz sample (100%) confirms the existence of professional training initiatives, surpassing the 87% reported by Russian counterparts, marking the sole category demonstrating universal adoption across all examined sectors. In quantitative terms, this priority is validated by increased social investment relative to revenue, which climbed from 2.9% to 3.8% in Kyrgyzstan, contrasting with a rise from 1.8% to 2.4% in Russia. These variances remain statistically significant (U = 45.5, p = 0.032, r = 0.44, medium effect). Qualitative findings further illuminate the strategic motivation: 78% of Kyrgyz specialists cited “competency development” as a vital success factor, significantly outweighing the 56% reported by Russian experts. Amidst severe deficits of skilled labor, such human capital investments are essential for maintaining enduring competitiveness. This outcome aligns with existing scholarship suggesting that training and skill enhancement yield higher returns within developing and transition economies, reinforcing the necessity of these focused corporate efforts for regional economic stability (Li, 2024; Costa & Opare, 2025).

The significance of a regional approach to analyzing the balanced functioning of socio-economic systems is confirmed by the results of cross-country comparison (Zhukov et al., 2023). The similarity of approaches to environmental initiatives, alongside differences in social programs, points to opportunities for mutual learning (Kulanina et al., 2025) and exchange of experience among companies in the region. Russian companies can benefit from adopting the closer integration of environmental investments with financial performance, while Kyrgyz enterprises may draw on Russian experience in technological innovation.

The present study has several limitations that must be taken into account when interpreting the results. The sample size of 24 companies from two countries limits the possibility of statistical generalization to broader populations of enterprises in transition economies, and the identified patterns require verification on a more extensive empirical base. The absence of complete data on absolute volumes of investments in sustainable development, due to differences in corporate reporting practices and the level of financial information disclosure, limits the possibility of direct quantitative comparison of resource utilization efficiency between countries. The cross-sectional nature of most data does not allow establishing causal relationships, and reliance on publicly available corporate reporting creates a risk of positive bias in the presentation of results. Nevertheless, the application of a mixed methodological design and triangulation of data from multiple sources allows considering the obtained results reliable for describing current sustainable development practices in the studied companies.

CONCLUSION

This study, based on 24 large companies from Russia and Kyrgyzstan, showed that the sample companies actively integrate sustainable development principles into their corporate strategies; however, approaches and emphases differ significantly depending on the economic context and sectoral specifics. The application of a mixed methodological design enabled the identification of not only quantitative differences in sustainable development indicators but also qualitative features in the perception of barriers and success factors across the two countries.

The primary finding of the study is the demonstration that, under conditions of limited economic resources, sustainable development principles can serve as an effective mechanism for compensating competitive disadvantages. Kyrgyz companies exhibit higher growth rates in investments in sustainable development and a closer correlation between environmental initiatives and financial results, indicating the strategic use of sustainability as a source of competitive advantage.

Sectoral analysis revealed distinct models of adaptation to sustainable development principles: energy companies focus on technological solutions and emission reductions, transport enterprises emphasize infrastructure investments and social programs, and industrial companies demonstrate the most balanced approach to integrating environmental, social, and economic factors.

The limitations of this study are related to its focus on publicly available information and the relatively small sample size for Kyrgyz companies. Future research should include a more detailed analysis of the long-term effects of sustainable development strategies on company competitiveness and an examination of mechanisms for adapting international experience to the specific conditions of Central Asia.

ACKNOWLEDGMENTS: None

CONFLICT OF INTEREST: None

FINANCIAL SUPPORT: None

ETHICS STATEMENT: All interview participants provided informed consent before participation. No personal or sensitive data were collected, and the study complied with the ethical principles for research involving human participants

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How to cite this article
Vancouver
Saparbaiuly D, Petrova O, Lisovsky A, Stepanova D, Chernova O, Litvinov A, et al. ESG Development in Large Companies: Environmental and Social Aspects. World J Environ Biosci. 2026;15(3):48-59. https://doi.org/10.51847/tKOJvVnEBK
APA
Saparbaiuly, D., Petrova, O., Lisovsky, A., Stepanova, D., Chernova, O., Litvinov, A., Zharov, A., & Shelygov, A. (2026). ESG Development in Large Companies: Environmental and Social Aspects. World Journal of Environmental Biosciences, 15(3), 48-59. https://doi.org/10.51847/tKOJvVnEBK
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