Navigating the Complexities of ESG Integration: Challenges, Opportunities and Path to Sustainable Corporate Development

Gao, Huiping and Tan, Seng Teck and Syriac, Nellikunnel (2024) Navigating the Complexities of ESG Integration: Challenges, Opportunities and Path to Sustainable Corporate Development. Journal of Business and Social Sciences, 2024 (27). pp. 1-8. ISSN 2805-5187

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: ESG (Environmental, Social, and Governance); Sustainable Development；Corporate Social Responsibility (CSR); Greenwashing; Stakeholder Theory; United Nations Sustainable Development Goals (SDGs)
Subjects: G Geography. Anthropology. Recreation > GF Human ecology. Anthropogeography
H Social Sciences > H Social Sciences (General)
H Social Sciences > HM Sociology
Depositing User: Unnamed user with email masilah.mansor@newinti.edu.my
Date Deposited: 26 Dec 2024 02:31
Last Modified: 26 Dec 2024 02:31
URI: http://eprints.intimal.edu.my/id/eprint/2101

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