The Role and Challenges of ESG from a Corporate Perspective
Year: 2024
Type: article
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.
Author: Jianyue Chen
Institution: National University of Ireland, Maynooth
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4404867592