Navigating the Complexities of ESG Integration: Challenges, Opportunities and Path to Sustainable Corporate Development
This study focuses on the practical application of the Environmental, Social, and Governance (ESG) framework and examines its role in promoting corporate sustainability and fulfilling social responsibilities. Through an analysis of theoretical frameworks, literature, and case studies, the paper h...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
INTI International University
2024
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| Subjects: | |
| Online Access: | http://eprints.intimal.edu.my/2101/1/jobss2024_27.pdf http://eprints.intimal.edu.my/2101/2/639 http://eprints.intimal.edu.my/2101/ http://ipublishing.intimal.edu.my/jobss.html |
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| Summary: | This study focuses on the practical application of the Environmental, Social, and Governance
(ESG) framework and examines its role in promoting corporate sustainability and fulfilling
social responsibilities. Through an analysis of theoretical frameworks, literature, and case
studies, the paper highlights the major challenges ESG frameworks face in corporate operations,
including stakeholder conflicts, short-term financial pressures, policy resistance, and
inconsistent quantitative standards. Despite the significant achievements of ESG frameworks
in enhancing brand reputation, attracting investors, and guiding sustainable development, the
research also identifies issues such as "greenwashing," which undermine their overall
credibility and effectiveness. The study suggests that companies must deeply integrate ESG
principles with the United Nations Sustainable Development Goals (SDGs), leveraging
innovation and improving transparency to transform social responsibility into competitive
advantages, thereby driving the global economy's green transition and sustainable development. |
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