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The concepts of sustainability management and green project management are relatively new management concepts, especially for Russian companies. Implementation of this concept brings sustainable development principles - including economic, ecological, social, and institutional dimensions - in business strategy and project management processes that leads to long-term sustainability of the organization and increases its ability to cope with complexity. Russian companies face the need to spread the principles of sustainable development among their owners, managers and other employees. Despite the spread of the sustainable development concept over the last two decades, some challenges still remain - including the measurement of the project sustainability; the application of sustainable development principles and their adaptation to the needs of the project and company; the balancing of the economic, social, ecological, and institutional principles of sustainable development. Our study is focused on factors related to the implementation and balancing of sustainable development principles in the business strategy and project management of an organization. The research questions are as follows: What factors lead to the successful implementation of the sustainable development principles in the business strategy and project management of an organization? How to reach a balance between the economic, ecological, social, and institutional principles of sustainable development in project management? To conduct our study we used the method of an in-depth face-to-face interview with top managers of the companies. Our data-frame includes three cases from the Omsk region of Russia. [ABSTRACT FROM AUTHOR]

The concept of sustainable development is a relatively new management paradigm, especially for Russian companies. Implementation of this concept brings sustainable development principles - including economic, ecological, social, and institutional dimensions - in business strategy that leads to long-term sustainability and the ability to cope with complexity. Despite the spread of the sustainable development concept over the last two decades, some challenges still remain - including how to measure sustainability; the applicability of sustainability indicators; the application of sustainable development principles in management processes and their adaptation to the needs of the company. Our study is focused on the sustainability assessment of a Russian petrochemical company located in the Omsk region of Russia. The research questions are as follows: • What indicators allow one to assess comprehensively the sustainability of the organization? • How to reach a balance between the economic, ecological, social, and institutional principles of sustainable development? • What factors lead to the successful implementation of the sustainable development principles in the business strategy and management processes of an organization?. To conduct our study we used a method of an in-depth face-to-face interview with a company top-manager. Our data-frame includes a case in the petrochemical sector of the economy. [ABSTRACT FROM AUTHOR]