The ESG Shift: Role of ESG in Modern Business Strategies

Aminath Iba, Naseer and Syriac, Nellikunnel (2024) The ESG Shift: Role of ESG in Modern Business Strategies. Journal of Business and Social Sciences, 2024 (23). pp. 1-10. ISSN 2805-5187

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Abstract

This paper undertakes the arduous task of examining the accuracy and relevance of a statement lacking clear benchmarks. The assertion posits that Environmental, Social and Governance (ESG) indices is indispensable not just for assessing a company’s sustainability efforts, but also enhancing its competitive edge. Through analysis of existing literature, frameworks, and empirical evidence, this article elucidates the nuances inherent in the link between ESG indices, sustainable practices, and strategic competitiveness within the modern business landscape. To accomplish this, the paper adopts a structured approach, dissecting the statement into its constituent components to discern the key points concerning ESG. It intends to challenge the notion of ESG as an indispensable tool in measuring sustainability, while also evaluating relevant initiatives and potential impacts. Furthermore, the article explores the extent to which indices truly function as significant tools, addressing societal and environmental issues while offering pathways for corporate success beyond conventional business performance metrics. This paper will further deconstruct the statement above with the analysis of existing literature and frameworks that are evident that ESG has reached its peak and will continue towards a downward slope of decline in measuring a corporates responsibility towards society.

Item Type:	Article
Uncontrolled Keywords:	ESG indices, corporation sustainability, exchange traded funds, European Securities and Markets Authority
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce
Depositing User:	Unnamed user with email masilah.mansor@newinti.edu.my
Date Deposited:	10 Dec 2024 09:19
Last Modified:	10 Dec 2024 09:35
URI:	http://eprints.intimal.edu.my/id/eprint/2087

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