Sustainability, Sustainable Finance, Good Governance Codes. A New Perspective

The growing concern about climate change and global warming has driven greater commitment from international organizations, governments, companies, and society to take action to safeguard the planet and ensure sustainability for future generations. In this context, sustainability and finance are intertwined through the concept of sustainable finance, a key tool for channeling financial resources toward achieving sustainable development. Sustainability enables companies to identify risks and opportunities, requiring them to measure their social, environmental, and economic impact through a multi-stakeholder approach. Among the three main pillars of sustainability, corporate governance stands out, with the board of directors as its central governing body. The composition of the board, along with its oversight and monitoring roles, is essential for improving environmental, social, and governance (ESG) performance. This article develops the main concepts related to sustainability, sustainable finance and corporate governance describing the current situation of these topics and their relationship, creating a conceptual framework that allows identifying topics necessary for further empirical research and the implication of regulation in the scope of ESG issues.