Research on the Realization Path of ESG Concept in Promoting Enterprise Cost Control

Wenshuo Wang ()
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Wenshuo Wang: Guilin University of Electronic Technology

A chapter in Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024), 2025, pp 413-426 from Springer

Abstract: Abstract With the increasing attention to sustainable development, the ESG concept has been integrated into enterprise management. This research explores its impact on cost control and the implementation paths. The study finds that ESG directly affects costs through the environment, society, and governance, and also has an indirect impact through brand image, etc. Enterprises have problems such as the lack of a comprehensive cost accounting system and the dilemma of weighing short-term costs against long-term benefits. To facilitate cost control, enterprises can establish an ESG system from aspects such as strategic planning and integration, improvement of the accounting system, optimization of organizational structure and management processes, technological innovation and digital application, and personnel training and capacity building. This includes formulating ESG-oriented strategies, setting relevant indicators, clarifying cost items and accounting methods, establishing specialized departments, applying green technologies and digital tools, and conducting training.

Keywords: ESG concept; cost control; sustainable development; implementation path (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-642-0_44

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DOI: 10.2991/978-94-6463-642-0_44

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