Abstract
<jats:p>The concept of sustainable development is currently gaining increasing importance and relevance. A deeper understanding of its essence, specific features, and the necessary conditions for its formation requires an analysis of the stages of its development. The evolution of the sustainable development concept has occurred gradually as humanity has become increasingly aware of the significance of economic, social, and environmental challenges that may significantly affect the quality of life of the global population. This article examines and systematizes the approaches of national and international scholars to the evolution of the sustainable development concept, proposes the author’s interpretation of its periodization, and highlights the importance of this concept for the development of sustainable development strategies at the enterprise level.</jats:p>