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Harmonizing Sustainability and Resilience: The Integral Role of Internal Audit in ESG Implementation—A Review

Year: 2025

Type: article

Abstract: This comprehensive literature review delves into the dynamic role of Internal Audit (IA) in addressing sustainability, resilience, and Environmental, Social, and Governance (ESG) considerations within organizations. It addresses two fundamental inquiries: Firstly, it examines how Internal Audit actively contributes to an organization's sustainability and resilience initiatives through the effective implementation of ESG strategies. Secondly, it investigates methods for quantifying the additional value generated by ESG implementation. The review underscores the pivotal role of corporate responsibility (CR) and sustainable responsible investment (SRI) in shaping the value proposition of ESG practices. Synthesizing diverse research findings, the review reveals that robust ESG practices not only foster enhanced profitability but also bolster market value. Significantly, it underscores the indispensable role of Internal Audit in effectively navigating the complex and evolving ESG landscape, thereby ensuring organizational resilience and sustainable growth.

Source: International Journal of Financial Studies

DOI: 10.3390/ijfs13040194

Authors: Spiridon Lampropoulos, Georgios L. Thanasas, Alexandros Garefalakis, Ioannis Passas

Institutions: University of Patras, Hellenic Mediterranean University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,172

OpenAlex ID: W4415239488

FWCI: 9.843

Cites: 79

Cited by: 11

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