The Frontiers of Society, Science and Technology, 2024, 6(5); doi: 10.25236/FSST.2024.060510.
Wei Zheng1,3, Guangbo Liu1, Zhifang Wang1, Ting Han1, Zhenghui Pan1,2,4, Jian Li1, Zhisheng Zhang1,2, Wangfa Feng4
1Strategic Business Management Research Areas, Doctor of Business Administration, Russian University of Transport, Moscow, Russia
2AIoT Technology and Application Areas, Doctorate in Computer Science, Universidad Católica San Antonio, Murcia, Spain
3Shanghai Fudan Zhangjiang Biopharmaceutical Co., Ltd., Shanghai, China
4AIoT Laboratory, Great Wall Motor Holdings Group, Shanghai, China
This paper delves into the pivotal role of Environmental, Social, and Governance (ESG) in modern corporate strategy and its influence on sustainable development. Initially, the paper comprehensively discusses the fundamental concepts and components of ESG, including environmental conservation, social responsibility, and governance transparency, and analyzes their importance for corporate performance and long-term sustainability. The article notes that strong ESG performance is closely linked to enhanced market performance and reduced operational risks, having profound effects on financial outcomes and brand reputation. Through specific case studies, this paper demonstrates the effectiveness of ESG strategies in practical application and the challenges they face, such as costs, regulatory compliance, and data management issues, and offers suggestions for future corporate sustainability strategies.
Corporate sustainability; ESG; Environmental protection; Social responsibility; Governance transparency
Wei Zheng, Guangbo Liu, Zhifang Wang, Ting Han, Zhenghui Pan, Jian Li, Zhisheng Zhang, Wangfa Feng. ESG in Modern Corporate Strategy: An Analysis and Discussion on Impacts towards Sustainable Development. The Frontiers of Society, Science and Technology (2024), Vol. 6, Issue 5: 69-77. https://doi.org/10.25236/FSST.2024.060510.
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