Environmental, Social, and Governance Practices and Long-Term Business Resilience: A Green Management Perspective
DOI:
https://doi.org/10.56830/IJGMBS12202504Keywords:
Environmental, Social, Governance (ESG), Business Resilience, Green Management, Sustainability Strategy, Climate Risk, Net-Zero Transition, Corporate GovernanceAbstract
The study analyzes Environmental, Social, and Governance (ESG) initiatives from the perspective of green management and its contribution to fostering enduring resilience in businesses. With the advent of climate risks and pressures arising from the growing need to transition to a low-carbon economy, the traditional business model, which seeks to gain a competitive advantage in the short term, is being replaced with an approach that prioritizes resilience. Based on green management and sustainability literature, the author seeks to understand the relevant contextual literature and portrays the initiatives under the ESG framework as strategic resources that enhance organizational flexibility, risk control, and sustain value over time. The author explains how ESG initiatives help firms, beyond the construction of a green reputation, to bolster resilience, particularly in meeting the demands of regulation, stakeholders, and climate-related uncertainty. The author leverages relevant literature to contextually the role of ESG milestone processes and governance in achieving corporate net-zero transformation. This study, by prioritizing resilience as a strategic outcome of integrating ESG, advances the scholarship on green management and how it fosters business continuity in today’s competitive economy marred with ambiguity.
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