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The issues of adaptation the sustainable development ideas by economic entities is one of the most important challenges nowadays. Especially sharply, the given problematic is traced at a choice of directions for practical initiatives application by the organization, in the direction of maintenance of such a development. Given this, the article analyzes the scientific results on outlining the sustainable development elements, which define directions and aspects of the enterprise, where initiatives for such development can be implemented. Based on the author's method five areas of sustainable development were identified – economic, social, environmental, management and culture, taking into account both the results of scientific research, existing international standards, and the practice of domestic enterprises in reporting on such a development. The characteristic of each of the highlighted spheres and corresponding elements is given. The results will be of interest both to scientists conducting research on the implementation of the concept of sustainable development at the level of organizations, and business practitioners, in the direction of improving corporate social responsibility and support the conduct of responsible business in general., {"references":["1.\tUnited Nations (1992). United Nations Conference on Environment & Development. Retrieved from https://sustainabledevelopment.un.org/content/documents/Agenda21.pdf.","2.\tThe Most Sustainable Companies In 2019. Retrieved from https://www.forbes.com/sites/karstenstrauss/2019/01/22/the-most-sustainable-companies-in-2019/#32b66f676d7d.","3.\tKharchuk V.Yu. (2020). Genesis of the concept \"harmonious development of business entities\". Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia i problemy rozvytku (Management and entrepreneurship in Ukraine: stages of formation and problems of development), 2, 2, 154-168. [in Ukrainian].","4.\tDemydova А.І. (2008). Factors influencing the sustainable development of the machine-building enterprise. Formuvannia rynkovoi ekonomiky (Formation of a market economy), 20, 243-253. Retrieved from https://core.ac.uk/download/pdf/43283191.pdf. [in Ukrainian].","5.\tSmorzhaniuk T.P. (2013). Sustainable development in the context of globalization and its components. Ekonomichni innovatsii: Zb. nauk. pr. Odesa: IPREED NAN Ukrainy (Economic innovations), 253-260. [in Ukrainian].","6.\tShandova N.V. (2015). Management of sustainable development of machine-building enterprises: Methodological approaches (Abstract of D. Sc. Thesis). Economics and business management. Odesa: Odesanational economic university.","7.\tMelnyk L.H. (2005). Osnovy stiikoho rozvytku: Posibnyk dlia perepidhotovky fakhivtsiv. Sumy: Universytetska knyha [in Ukrainian].","8.\tAzapagic, A. (2003). Systems Approach to Corporate Sustainability: A General Management Framework. Process Safety and Environmental Protection, 81, 303-316. doi: https://doi.org/10.1205/095758203770224342.","9.\tBansal, P. (2005). Evolving sustainability: a longitudinal study of corporate sustainable development. Strategic Management Journal, 26, 197-218. doi: https://doi.org/10.1002/smj.441.","10.\tElkington, J. (1994). Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development. California Management Review, 36(2), 90–100. doi: https://doi.org/10.2307/41165746.","11.\tBahaudin G. Mujtaba та Frank J. Cavico (2013). Corporate Social Responsibility and Sustainability Model for Global Firms. Journal of Leadership, Accountability and Ethics, 10(1), 58-75.","12.\tAras, G., & Crowther, D. (2010). Sustaining business excellence. Total Quality Management & Business Excellence, 21(5), 565-576. doi: https://doi.org/ 10.1080/14783363.2010.481527.","13.\tBruntland, G.H. Our Common Future: The World Commission on Environment and Development; Oxford University Press: Oxford, UK. 1987.","14.\tDyllick, T., & Muff, K. (2016). Clarifying the meaning of sustainable business: Introducing a typology from business-as-usual to true business sustainability. Organization & Environment, 29(2), 156. doi:http://dx.doi.org.ezproxy.kingston.ac.uk/10.1177/1086026615575176.","15.\tMarcel van Marrewijk (2003). Concepts and Definitions of CSR and Corporate Sustainability. Journal of Business Ethics, Vol. 44(2), 95-105. doi: https://doi.org/ 10.1007/978-94-007-4126-3_32.","16.\tMarcel, v. Marrewijk, & Werre, M. (2003). Multiple levels of corporate sustainability. Journal of Business Ethics, 44(2), 107-119. doi: https://doi.org/:10.1023/A:1023383229086.","17.\tChabowski, B.R., Samiee, S., & Hult, G. T.M. (2013). A bibliometric analysis of the global branding literature and a research agenda. Journal of International Business Studies, 44(6), 622-634. doi: https://doi.org/ 10.2307/23434211.","18.\tZupic, I., Čater, T. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429-472. doi: https://doi.org/10.1177/1094428114562629.","19.\tKharchuk V.Yu. (2020). Analysis of international standards for sustainable development. Naukovo-vyrobnychyj zhurnal \"Derzhava ta rehiony. Seriia: Ekonomika ta pidpryiemnytstvo\" (Research and production journal \"State and Regions. Series: Economics and Entrepreneurship \"), 6 (117), 111-118. [in Ukrainian].","20.\tKharchuk V., Omelianchuk A. (2020). Analysis of GRI and CSR Reports, submitted by Ukrainian Companies. Modern Economics, 24, 200-204.","21.\tGRI Standards. Global Reporting Initiative (2020). Official web-site. Retrieved from https://www.globalreporting.org/standards.","22.\tESG Investing and Analysis. CFA Institute (2020). Official web-site. Retrieved from https://www.cfainstitute.org/en/research/esg-investing.","23.\tSustainability Accounting Standards (2020). Official web-site. Retrieved from https://https://www.sasb.org/standards-overview.","24.\tEase of Doing Business rankings. The World Bank (2020). Official web-site. Retrieved from https://www.doingbusiness.org/en/rankings.","25.\tInvestment attractiveness index 1st half of 2020. European Business Association (2020). Official web-site. Retrieved from https://eba.com.ua/wp-content/uploads/2020/07/EBA-InvestIndex_1H-2020_ENG.pdf.","26.\tGlobal Reporting Initiative (GRI) (2020). Official web-site. Retrieved from http://database.globalreporting.org/search.","27.\tList of GRI Standards reports and published materials with their self-declared claims (2020). Official web-site. Retrieved from https://www.globalreporting.org/reportregistration/verifiedreports.","28.\tAndré, v. H. (2019). Generational shifts in managerial values and the coming of a unified business culture: A cross-national analysis using European social survey data. Journal of Business Ethics, 155(2), 547-566. doi:http://dx.doi.org.ezproxy.kingston.ac.uk/10.1007/s10551-017-3488-4.","29.\tAxelsson, R., Angelstam, P., Degerman, E., Teitelbaum, S., Andersson, K., Elbakidze, M., & Drotz, M. K. (2013). Social and cultural sustainability: Criteria, indicators, verifier variables for measurement and maps for visualization to support planning. Ambio, 42(2), 215-28. doi: http://dx.doi.org.ezproxy.kingston.ac.uk/10.1007/s13280-012-0376-0.","30.\tDessein, J., Soini, K., Fairclough, G., & Horlings, L. (Eds.). (2015). Culture in, for and as sustainable development: Conclusions from the COST Action IS1007 -investigating cultural sustainability. IS1007 Cultural sustainability. Official web-site. Retrieved from http://www.culturalsustainability.eu/conclusions.pdf."]}

Sustainable development of business entities is one of the most relevant subjects of research, especially when it comes to outlining its defining elements. In particular, the article describes the approaches of domestic and foreign scientists to the description of such elements. A method to substantiation and identification of sustainable development spheres of business entities is proposed. It is based on the simultaneous consideration of a large number of scientific publications analysis results, international standards for sustainable development and the practice of national enterprises towards submitting sustainability related reports. A method aimed at analyzing sustainable development the reporting is developed and the author's interpretation of the notion "the sphere of the business entity sustainable development" is offered., {"references":["1.\tKharchuk V.Yu. (2020) Genesis of the concept \"harmonious development of business entities\". Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia i problemy rozvytku (Management and entrepreneurship in Ukraine: stages of formation and problems of development), 2, № 2, 154–168 [in Ukrainian].","2.\tDemydova А.І. (2008) Factors influencing the sustainable development of the machine-building enterprise. Formuvannia rynkovoi ekonomiky (Formation of a market economy), 20, 243 – 253. Retrieved from: https://core.ac.uk/download/pdf/43283191.pdf [in Ukrainian].","3.\tSmorzhaniuk T.P. (2013) Sustainable development in the context of globalization and its components. Ekonomichni innovatsii: Zb. nauk. pr. Odesa: IPREED NAN Ukrainy (Economic innovations), 253-260 [in Ukrainian].","4.\tShandova N.V. (2015) Management of sustainable development of machine-building enterprises: Methodological approaches (Abstract of D. Sc. Thesis). Economics and business management. Odesa: Odesa National Economic University.","5.\tMelnyk L.H. (2005). Osnovy stiikoho rozvytku: Posibnyk dlia perepidhotovky fakhivtsiv. Sumy: Universytetska knyha [in Ukrainian].","6.\tAras, G., & Crowther, D. (2008). Governance and sustainability: An investigation into the relationship between corporate governance and corporate sustainability. Management Decision, Vol. 46(3), 433-448. doi: http://dx.doi.org.ezproxy.kingston.ac.uk/10.1108/00251740810863870.","7.\tAzapagic, A. (2003). Systems Approach to Corporate Sustainability: A General Management Framework. Process Safety and Environmental Protection, 81, 303–316. DOI: https://doi.org/10.1205/095758203770224342.","8.\tBansal, P. (2005). Evolving sustainability: a longitudinal study of corporate sustainable development. Strategic Management Journal, 26, 197-218. doi: https://doi.org/10.1002/smj.441.","9.\tElkington, J. (1994). Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development. California Management Review, 36(2), 90–100. DOI: https://doi.org/10.2307/41165746.","10.\tBruntland, G.H. (1987) Our Common Future: The World Commission on Environment and Development; Oxford University Press: Oxford, UK.","11.\tDyllick, T., & Muff, K. (2016). Clarifying the meaning of sustainable business: Introducing a typology from business-as-usual to true business sustainability. Organization & Environment, 29(2), 156. doi:http://dx.doi.org.ezproxy.kingston.ac.uk/10.1177/1086026615575176.","12.\tMarcel van Marrewijk (2003). Concepts and Definitions of CSR and Corporate Sustainability. Journal of Business Ethics, Vol. 44(2), 95-105. doi: https://doi.org/ 10.1007/978-94-007-4126-3_32.","13.\tMarcel, v. Marrewijk, & Werre, M. (2003). Multiple levels of corporate sustainability. Journal of Business Ethics, 44(2), 107-119. DOI: https://doi.org/:10.1023/A:1023383229086.","14.\tBahaudin G. Mujtaba та Frank J. Cavico (2013). Corporate Social Responsibility and Sustainability Model for Global Firms. Journal of Leadership, Accountability and Ethics, 10(1), 58-75.","15.\tAras, G., & Crowther, D. (2010). Sustaining business excellence. Total Quality Management & Business Excellence, 21(5), 565-576. DOI: https://doi.org/ 10.1080/14783363.2010.481527.","16.\tLabuschagne, C., Brent, A.C. and van Erck, R.P.G. (2005). Assessing the sustainability performance of industries. Journal of Cleaner Production, 13, 4, 373-385. DOI: https://doi.org/ 10.1016/j.jclepro.2003.10.007.","17.\tChabowski, B. R., Samiee, S., & Hult, G. T. M. (2013). A bibliometric analysis of the global branding literature and a research agenda. Journal of International Business Studies, 44(6), 622-634. DOI: https://doi.org/ 10.2307/23434211.","18.\tZupic, I., Čater, T. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429-472. DOI: https://doi.org/ 10.1177/1094428114562629.","19.\tGRI Standards. Global Reporting Initiative (2020). Official web-site. Retrieved from https://www.globalreporting.org/standards.","20.\tESG Investing and Analysis. CFA Institute (2020). Official web-site. Retrieved from https://www.cfainstitute.org/en/research/esg-investing.","21.\tSustainability Accounting Standards (2020). Official web-site. Retrieved from https://https://www.sasb.org/standards-overview.","22.\tGlobal Reporting Initiative (GRI) (2020). Official web-site. Retrieved from http://database.globalreporting.org/search.","23.\tList of GRI Standards reports and published materials with their self-declared claims (2020). Official web-site. Retrieved from https://www.globalreporting.org/reportregistration/verifiedreports.","24.\tCorporate Register (2020). Official web-site. Retrieved from https://www.corporateregister.com.","25.\tPark, C., & Irwin, S. H. (2010). A reality check on technical trading rule profits in the U.S. futures markets. The Journal of Futures Markets, 30(7), 633-659.","26.\tVenetucci, R. (1992). Benchmarking: A reality check for strategy and performance objectives. Production and Inventory Management Journal, 33(4), 32.","27.\tKharchuk V., Omelianchuk A. (2020). Analysis of GRI and CSR Reports, submitted by Ukrainian Companies. Modern Economics, 24, 200-204."]}