Green Competitiveness Forecasting as an Instrument for Sustainable Business Transformation

Oleksii Lyulyov; Olena Chygryn; Tetyana Pimonenko; Andrew Zimbroff; Zbigniew Makiela; Aleksy Kwilinski

doi:10.23762/FSO_VOL12_NO2_1

Published : 2024-06-29

Vol. 12 No. 2 (2024)

Green Competitiveness Forecasting as an Instrument for Sustainable Business Transformation

Oleksii Lyulyov

https://orcid.org/0000-0002-4865-7306

Olena Chygryn

https://orcid.org/0000-0001-6364-9745

Tetyana Pimonenko

https://orcid.org/0000-0001-6442-3684

Andrew Zimbroff

https://orcid.org/0000-0002-4535-879X

Zbigniew Makiela

https://orcid.org/0000-0002-7853-485X

Aleksy Kwilinski

https://orcid.org/0000-0001-6318-4001

DOI: https://doi.org/10.23762/FSO_VOL12_NO2_1

Abstract

Modern conditions for transforming the business environment in the context of implementing sustainable development goals, decarbonising the economy, and ensuring climate neutrality determine the need to implement effective measures at the level of individual enterprises. External challenges determine the urgency of strengthening enterprises' green competitive advantages and forming an integral level of green competitiveness. The paper offers a methodological basis for the long-term forecasting of enterprises' green competitiveness levels. The key object of the research is a set of companies representing the machine building, agriculture, and food industries, as strategic branches of Ukraine’s economy. The period of 2020–2028 was chosen as the interval for foresight. The application of autoregressive integrated ARIMA modelling by means of the non-linear least squares method made it possible to determine transformation vectors, marketing determinants, and target orientations for increasing the integral level of green competitiveness. The assessment of the results showed that the leading enterprises in the optimistic scenario are PJSC "SVF Agrotron" (agro-industrial complex), where the predictive value of green competitiveness is 0.84; PJSC "Wimm-Bill-Dunn Ukraine" (food industry), for which the predictive value is 0.73; and PJSC "Motor Sich" (mechanical engineering), for which the predictive value of green competitiveness is 0.74. The results of the evaluation revealed the leading enterprises according to the optimistic scenario for the agro-industrial complex, food industry, and mechanical engineering. The research substantiates the claim that the priorities of the strategy for increasing the level of green competitiveness and the relevant determinants of its implementation should be determined considering the transformation scenarios of its level.

Keywords:

sustainable development, green competitiveness, forecasting, transformation.

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Lyulyov, O., Chygryn, O., Pimonenko, T., Zimbroff, A., Makiela, Z., & Kwilinski, A. (2024). Green Competitiveness Forecasting as an Instrument for Sustainable Business Transformation. Forum Scientiae Oeconomia, 12(2), 8–20. https://doi.org/10.23762/FSO_VOL12_NO2_1

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