Academic Journal of Business & Management, 2024, 6(3); doi: 10.25236/AJBM.2024.060322.
Mu Li1, Lingyun Zhang2, Haolin Chen3, Keni Chen4
1Melbourne Business School, University of Melbourne, 200 Leicester St, Carlton, VIC 3053, Australia
2Financial Management, Xijing University, Xian, Shaanxi, China
3Mengzi Senior High School, Honghe Hani and Yi Autonomous Prefecture, Mengzi, Yunnan, China
4The Binjiang Campus of the Attached Middle School to Jiangxi Normal University, Nanchang, Jiangxi, China
This research concentrates on exactly how Environmental, Social, and Governance (ESG) scores influence business economic efficiency in light of the enhanced focus ESG requirements receive worldwide. In this research, the research methodology employed is stata. Our objective is to acquire a detailed understanding of TSMC's ESG methods to show capitalists, supervisors, and policymakers how ESG factors to consider impact economic efficiency in sophisticated businesses. We will evaluate TSMC for its technological abilities, sector standing, and company size. It outlines 3 plans: standards for transparency and coverage, sector-specific legislation, and regional placement. Against the backdrop of enhanced ESG understanding, these three policies are powerful for advertising sustainable economic efficiency in the business globe. By assimilating TSMC's experience and embracing these suggestions, organizations can create a robust path towards ESG combination and improve total efficiency. Our research opens up brand-new avenues for executing ESG principles in business and policy and providing firms with practical and workable recommendations. This comprehensive viewpoint seeks to guide businesses toward long-term financial success while urging extra muscle and balanced development of the business community.
ESG, financial performance, sustainability, TSMC
Mu Li, Lingyun Zhang, Haolin Chen, Keni Chen. Sustainability as Strategy: Analyzing TSMC's ESG Integration and Financial Performance. Academic Journal of Business & Management (2024) Vol. 6, Issue 3: 170-185. https://doi.org/10.25236/AJBM.2024.060322.
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