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Insights into Successful ESG Implementation in Organizations

Armando Castro () and Maria Gradillas Garcia
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Armando Castro: University College London, Postal: 1-19 Torrington Place, 2nd Floor London,
Maria Gradillas Garcia: ETH Zurich,

Journal of Financial Transformation, 2022, vol. 56, 168-176

Abstract: In a world where organizations are increasingly held accountable for the impact of their operations on the environment and society, ESG reporting and metrics have emerged as the primary paradigm for assessing an organization’s sustainability efforts. Yet, it is an area with competing concepts, an ever-expanding set of measures and requirements, and a growing ratings and standards industry. In this article, we discuss how ESG initiatives and measurements can help organizations create value rather than merely being a compliance exercise. First, we emphasize the importance of ESG reporting and ratings for organizations, notwithstanding their limitations. Second, we highlight the need for transparency of the ESG metrics and activities being implemented by organizations and the priority of avoiding greenwashing. Finally, we stress the requirement of senior management involvement and accountability in ESG initiatives that create long-term value.

Keywords: ESG; Organizations; Companies; ESG Implementation; Metrics; Greenwashing; Transparency; Value (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2022
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