Aligning Corporate Governance with Sustainable Development Goals

Dharitri Basumatary and Ashok Kumar Sar

Indian Journal of Corporate Governance, 2025, vol. 18, issue 1, 132-162

Abstract: This research examines how corporate governance aligns with Sustainable Development Goals (SDGs), emphasising how governance frameworks may encourage moral decision-making and ecologically conscious actions. This highlights the significance of adopting a comprehensive strategy that involves all relevant parties, including staff members, customers, investors and communities, and starts with a board-level commitment to sustainability. Regression analysis was used to evaluate how corporate governance elements affect the Environmental Performance Index (EPI), Human Capital Index (HCI) and Human Development Index (HDI). The results show that whereas governance issues significantly affect HDI and EPI, they have a negligible effect on HCI. In particular, the study demonstrates that improved corporate governance is linked to both improved environmental performance and greater levels of human development, even if corporate board efficacy might sometimes have a detrimental influence on environmental results. To link corporate governance with SDGs, this study emphasises the need for accountability and openness. It also emphasises the importance of including sustainability concerns in risk management and performance assessments. Businesses may make a significant contribution to global sustainability and long-term prosperity that benefits the environment and society by coordinating corporate governance with SDGs.

Keywords: Corporate governance; Environmental Performance Index; Human Development Index; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ijcgvn:v:18:y:2025:i:1:p:132-162

DOI: 10.1177/09746862251323019

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