The Role and Challenges of ESG from a Corporate Perspective

The concept of ESG (Environmental, Social, and Governance) has become a crucial framework for corporate strategies and investment decisions globally. This paper explores the origin and development of ESG, its rapid growth in China, and focuses on case studies of the implementation of its three core components: environmental management, social responsibility, and governance structures. Despite its increasing importance, ESG still faces challenges in standardization and industry-specific performance assessment. The study demonstrates that companies integrating ESG principles significantly enhance strategic planning, operational efficiency, risk management, and market competitiveness, thereby achieving sustainable growth and innovation. Future research should prioritize the unification of global ESG standards and the enhancement of cooperation and transparency in corporate ESG implementation to further improve sustainability and investment appeal.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-11-29
DOI
https://doi.org/10.54254/2754-1169/2024.17743
Citations
1
Primary Topic
Global trade, sustainability, and social impact
Type
article
Field-Weighted Citation Impact
0.55
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article

The Role and Challenges of ESG from a Corporate Perspective

J. Chen
1 citations
Advances in Economics Management and Political Sciences
Global trade, sustainability, and social impact
0.55
article

The Role and Challenges of ESG from a Corporate Perspective

J. Chen
article en
1 citations

Abstract

The concept of ESG (Environmental, Social, and Governance) has become a crucial framework for corporate strategies and investment decisions globally. This paper explores the origin and development of ESG, its rapid growth in China, and focuses on case studies of the implementation of its three core components: environmental management, social responsibility, and governance structures. Despite its increasing importance, ESG still faces challenges in standardization and industry-specific performance assessment. The study demonstrates that companies integrating ESG principles significantly enhance strategic planning, operational efficiency, risk management, and market competitiveness, thereby achieving sustainable growth and innovation. Future research should prioritize the unification of global ESG standards and the enhancement of cooperation and transparency in corporate ESG implementation to further improve sustainability and investment appeal.

Advances in Economics Management and Political SciencesVol. 111(1)
National University of Ireland, Maynooth (IE), Fuzhou University (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 20%
Global trade, sustainability, and social impact
0.55
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The Role and Challenges of ESG from a Corporate Perspective — J. Chen · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS