This study closes the gap by taking a closer look at how ESG practices shape economic growth, the sustainability of industry outcomes, and the practices of individual industries. Having dived into existing research, the authors found that ESG factors are often overlooked in macroeconomic evaluations, leading to important gaps in understanding their influence on the economy. We bridge this by using data on global ESG performance metrics synchronized with information provided by industry experts. Our research is based on three strategic areas: the link between ESG practices and financial performances, how attractive investors find strong ESG standards, and the role of ESG in defining corporate strategy. We also underline how technological innovation drives better ESG outcomes and the role of regulatory frameworks in ensuring these practices are followed. Findings indicate that companies with high ESG practices tend to be more financially stable and profitable in the long term and have, therefore, been attractive to investors. We also analyze the issue of inconsistency in ESG reporting and the requirements for more stringent regulations for global compliance. With this intention, the aims of this paper are to increase academic and practical knowledge of the macroeconomic influence of ESG and establish a basis for further study in the future.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Evaluating the Macroeconomic Impact of ESG and Sustainability Practices of India

  • Mahendra Parihar,
  • Akshaya Subramanian,
  • Divyansh Shukla,
  • Khemal Desai,
  • Siddharth Mundada,
  • Vaibhav Bhutada

摘要

This study closes the gap by taking a closer look at how ESG practices shape economic growth, the sustainability of industry outcomes, and the practices of individual industries. Having dived into existing research, the authors found that ESG factors are often overlooked in macroeconomic evaluations, leading to important gaps in understanding their influence on the economy. We bridge this by using data on global ESG performance metrics synchronized with information provided by industry experts. Our research is based on three strategic areas: the link between ESG practices and financial performances, how attractive investors find strong ESG standards, and the role of ESG in defining corporate strategy. We also underline how technological innovation drives better ESG outcomes and the role of regulatory frameworks in ensuring these practices are followed. Findings indicate that companies with high ESG practices tend to be more financially stable and profitable in the long term and have, therefore, been attractive to investors. We also analyze the issue of inconsistency in ESG reporting and the requirements for more stringent regulations for global compliance. With this intention, the aims of this paper are to increase academic and practical knowledge of the macroeconomic influence of ESG and establish a basis for further study in the future.