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company’s dedication to ESG reflects its awareness of both the positive and negative impacts it has on society and the environment,

influencing not only the business itself but the entire ecosystem around it. Organisations that embrace the ESG framework recognise

that adopting best governance practices leads to positive outcomes across all sectors. This approach helps minimise the environmental

impact and fosters a more equitable world, while maintaining sound administrative processes and sustaining profitability. Incorporating

ESG factors into operations is essential for ensuring long-term sustainability, compliance and competitiveness. By focusing

on environmental stewardship, fostering positive social impacts and maintaining strong governance structures, organisations can

minimise their negative externalities, meet regulatory demands, and appeal to a growing number of ESG-conscious stakeholders.

The main aim of this article is to analyse the ESG principles, and present examples of integrating ESG in large and SMEs companies.

These organisations were chosen as examples of good practice: Maersk, Nestlé, Toyota, Baltic Marine Bunker and Klaipėdos Nafta.

The companies in this article were chosen to show a diverse range of industries and approaches to ESG implementation.

KEYWORDS: entrepreneurship development, entrepreneur, SMEs.

DOI: http://dx.doi.org/10.15181/rfds.v11i3.607The article aims to show that small and medium enterprises (SMEs) and entrepreneurs is of great significance and play a crucial rolein almost every nation’s economy and as such have become a major source of employment creation and income generation which inducesinnovation and economic growth. The SMEs sector is of specific importance for the development of the Republic of Moldova.Creating a business environment that fosters small business and entrepreneurship development in Moldova is a key to generatingwider economic growth in the country. As entrepreneurship in Moldova represents a rather new definition and the entrepreneurialactivity is very poor, in this context, the need for SMEs sector support through the creation of stable legal and economic conditionsfavoring entrepreneurial activity development is evident. Empirical research revealed main problems facing Moldovan SMEs, andtheir attitudes to entrepreneurship development.