The Role of Environmental, Social, and Governance (ESG) Criteria in Corporate Strategy: A Comparative Study in China
DOI:
https://doi.org/10.53797/ujssh.v3i2.36.2024Keywords:
ESG Integration, Corporate Strategy, Sustainability, China, Risk ManagementAbstract
Environmental, Social, and Governance (ESG) criteria have become essential components of corporate strategies worldwide, reflecting a growing emphasis on sustainability, accountability, and long-term value creation. This study explores the role of ESG factors in shaping corporate strategies in China, comparing the practices and outcomes of Chinese firms with global benchmarks. Using a quantitative research approach, the study analyzes ESG implementation across industries, focusing on its impact on financial performance, risk management, competitive advantage, and reputation. The findings reveal that while Chinese companies have made notable advancements in environmental sustainability, significant gaps remain in social and governance dimensions. This research provides actionable insights for policymakers, corporate leaders, and academics, emphasizing the need for targeted interventions to address ESG challenges. By bridging gaps in the ESG literature on emerging markets, this study contributes to a deeper understanding of how ESG factors influence corporate strategy and performance in China.
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Copyright (c) 2024 Zezao Li, Mazni Mohammad
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