 How Can Compliance Steer Companies to Deliver on ESG Goals?Lara Reis ()
Chapter Chapter 16 in The Palgrave Handbook of ESG and Corporate Governance, 2022, pp 305-326 from Springer Abstract: Abstract With less than ten years left for the implementation of the 2030 Agenda for sustainable development, only 21% of world-class CEOs are convinced that businesses are playing a critical role in contributing to the Sustainable Development Goals (SDGs). Companies embraced enthusiastically the SDGs but they are not delivering real progress on those goals at a desired pace. In this chapter we discuss the reasons for the yet modest outcome of business contribution and aim at identifying the main issues that companies should map and address when building a robust sustainability governance framework. We start by looking at the main features of the sustainability legal framework in Europe—including some paradigmatic laws at national level—with a focus on the debate between the merits of a harder stance of the sustainability rules vis-à-vis a softer approach. We then examine the topic from the companies’ perspective as law-takers, in particular how corporates’ response to sustainability rules is influenced by their compliance maturity. In conclusion, we propose mechanisms for strategically and sustainability-driven compliance programs seeking to help companies navigate the sustainability shifting waters. Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-99468-6_16 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-99468-6_16 Access Statistics for this chapter More chapters in Springer Books from Springer |
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