Sustainable Performance: Unraveling the Nexus between ESG and Performance Management Systems

In the current highly competitive environment, firms are devoting growing levels of attention towards environmental, social, and governance (ESG) standards as a response to external pressure from stakeholders. Consequently, scholars are cur-rently displaying heightened interest in examining the integration of financial and non-financial information, including ESG, within performance measurement sys-tems (PMSs). Adopting broader PMSs would provide companies with a more holis-tic comprehension of their performance, consequently avoiding prioritizing solely financial and economic indicators while neglecting sustainability and social re-sponsibility. We employed the Systematic Literature Review (SLR) protocol to car-ry out the research and conducted a comprehensive exploration of the subject un-der investigation. Specifically, we first constructed the research profile of the sam-ple, offering an overview of the existing knowledge in the field. Subsequently, we performed a meticulous and qualitative examination of the prevalent emerging themes discovered in the sample. Finally, the review concludes by presenting a structured research agenda that outlines various avenues for future research.