Yury Blagov, Associate Professor, Director of the CSR Center at the Graduate School of Management of St. Petersburg University (GSOM SPbU), presented the Russian translation of the "Moral Capitalism. Reconciling Private Interest with the Public Good" book by Stephen Young. The book was published by the publishing house of St. Petersburg State University.

The monograph is devoted to the concept of moral capitalism and offers practical tools for its implementation based on the legendary principles developed by the Caux Round Table Association of Business Leaders. The book was first published in 2003 in the United States, and it has stood the test of time, and the author's conclusions and recommendations have not only retained their relevance, but also acquired a new meaning in the context of escalating global problems and the growing role of business in achieving the UN Sustainable Development Goals.

At the presentation of the book, Yury Blagov spoke about the connection between the ideas of Stephen Young, Global Executive Director of the international association of business leaders the Caux Round Table, and the ESG agenda: “Moral capitalism can be considered as a value-oriented version of the popular concept of “stakeholder capitalism”, which exists not only for the sake of the interests of investors, but is also aimed at meeting the needs and expectations of consumers, employees, business partners, local communities and the state. In recent years, the beautiful abbreviation ESG has gained immense popularity, and we are all talking about integrating the ESG agenda into the management of organizations, and in relation to the university, also into research and the educational process. What exactly does the ESG agenda mean? This is a qualitatively new level of stakeholder expectations, which reflects the environmental and social components to a greater extent, as well as more stringent requirements for corporate governance. The concept of moral capitalism substantiates the need to build mutually beneficial relationships between companies and stakeholders and offers appropriate management tools. This book will help the reader to put the private interest and the public good into a single puzzle.

Stephen Young's monograph will be of interest to senior and middle managers, students of MBA and Executive MBA programs, researchers, professors, Master and Bachelor program's students in management specialties who are interested in business ethics and corporate social responsibility.

The monograph is devoted to the concept of moral capitalism and offers practical tools for its implementation based on the legendary principles developed by the Caux Round Table Association of Business Leaders. The book was first published in 2003 in the United States, and it has stood the test of time, and the author's conclusions and recommendations have not only retained their relevance, but also acquired a new meaning in the context of escalating global problems and the growing role of business in achieving the UN Sustainable Development Goals.

At the presentation of the book, Yury Blagov spoke about the connection between the ideas of Stephen Young, Global Executive Director of the international association of business leaders the Caux Round Table, and the ESG agenda: “Moral capitalism can be considered as a value-oriented version of the popular concept of “stakeholder capitalism”, which exists not only for the sake of the interests of investors, but is also aimed at meeting the needs and expectations of consumers, employees, business partners, local communities and the state. In recent years, the beautiful abbreviation ESG has gained immense popularity, and we are all talking about integrating the ESG agenda into the management of organizations, and in relation to the university, also into research and the educational process. What exactly does the ESG agenda mean? This is a qualitatively new level of stakeholder expectations, which reflects the environmental and social components to a greater extent, as well as more stringent requirements for corporate governance. The concept of moral capitalism substantiates the need to build mutually beneficial relationships between companies and stakeholders and offers appropriate management tools. This book will help the reader to put the private interest and the public good into a single puzzle.

Stephen Young's monograph will be of interest to senior and middle managers, students of MBA and Executive MBA programs, researchers, professors, Master and Bachelor program's students in management specialties who are interested in business ethics and corporate social responsibility.