Long-Term Impacts of ESG Factors Regarding Sustainability Standards in the German Clothing Market

Jan Peter Danz
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Jan Peter Danz: Mendel University in Brno/Czech Republic

Chapter Chapter 22 in Advances in Applied Microeconomics, 2025, pp 395-425 from Springer

Abstract: Abstract This scientific paper examines the long-term effects of environmental, social, and governance (ESG) factors on sustainability standards in the German clothing market. With the increasing global focus on sustainability, ESG criteria have become crucial benchmarks for assessing corporate responsibility and ethical performance. This study examines how German clothing companies integrate ESG factors into their operations and the impact this has on their long-term sustainability practices and market performance. By analyzing data, industry reports, and sustainability indices, this study identifies key trends and challenges in the implementation of ESG standards. The results show that companies with robust ESG strategies not only improve their environmental footprint and social contribution, but also achieve better financial performance and brand loyalty in the long term. The research methodology includes the combination of quantitative and qualitative research sources. The results show that while adopting ESG principles can provide significant benefits, it also presents significant obstacles, including cost impacts, supply chain complexity, and the need for broad stakeholder involvement. In summary, the long-term impact of ESG factors on sustainability standards in the German clothing market is profound. This study provides valuable insights for policymakers, industry stakeholders, and academic researchers interested in sustainable development and corporate governance.

Keywords: Economics; ESG; German clothing market; Sustainability (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-76654-1_22

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DOI: 10.1007/978-3-031-76654-1_22

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