Technogenic and Sustainable Types of Business Development: Signs and Identification

Abstract

Subject. The article explores technogenic and sustainable development at the micro level. Objectives. The purpose is to underpin theoretical aspects of the analysis of company transition from technogenic to sustainable type of development; to work out a methodology for identifying the type of company development based on proposed indicators and integrated indices. Methods. The study employs the resource-oriented approach to the analysis of sustainable development and the decoupling effect, general scientific principles and research methods, like abstraction, generalization of approaches of domestic and foreign authors on sustainable development and decoupling effect. Results. The paper substantiates signs of sustainable and technogenic types of company development, offers a definition of the types of sustainability, considers the effect of decoupling at the micro level. I present a methodology to identify the types of development, consisting of three stages. At the first and the second stage information is generated on all types of capital, long-term average annual indices of indicator growth characterizing all types of capital are calculated, and the effects of decoupling are estimated. At the third stage, composite indices are calculated and the type of company development is justified. Conclusions. The findings enabled to substantiate a methodology, which was tested on financial and non-financial statements of PAO Severstal. The testing helped to conclude on technogenic type of company development and to reveal that the company has all necessary resources for transition to sustainable development. The methodology may be useful to analysts in the field of sustainable development.