Integrating Environmental, Social, and Governance (ESG) Factors into Social Accounting Frameworks: Implications for Sustainable Business Practices

N. V. Suresh (), Ananth Selvakumar, B. Sasikala and Gajalakshmi Sridhar
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N. V. Suresh: ASET College of Science and Technology, Vice Principal and Associate Professor
Ananth Selvakumar: ASET College of Science and Technology, Head of the Department – Business Analytics, and Research Coordinator
B. Sasikala: Sir Theagaraya College, Assistant professor, Department of Economics
Gajalakshmi Sridhar: ASET College of Science and Technology, Head of the Department – Logistics and Shipping

A chapter in Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024), 2024, pp 18-28 from Springer

Abstract: Abstract This paper examines the circuit of Typical, Social, and Affiliation (ESG) factors into social accounting structures and its considerations for practical basic approaches. The making thought concerning the impact of corporate activities on the environment, society, and affiliation has prompted expanded pay in coordinating ESG factors into accounting practices. Through a diagram of existing synthesis, this paper takes a gander at the various systems and burdens related with organizing ESG factors into social accounting structures. Likewise, it discusses the normal benefits of such association for affiliations, including additionally made risk the board, worked on standing, and enrollment to capital. In addition, the paper consolidates the control of embellishments, including monetary allies, regulators, and customary society, in driving the party of ESG accounting practices. Finally, it closes by giving considerations for affiliations looking to really integrate ESG factors into their social accounting intends to refresh their value execution.

Keywords: Environmental; Sustainable Growth; ESG factors; Governance; Social; Sustainable business practices (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-433-4_3

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DOI: 10.2991/978-94-6463-433-4_3

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