Future of ESG Practices

Rozaimah Zainudin (), Karren Lee-Hwei Khaw (), Adilah Binti A. Wahab () and Tahmina Akhter ()
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Rozaimah Zainudin: Universiti Malaya, Finance Department, Faculty of Business and Economics
Karren Lee-Hwei Khaw: Monash University Malaysia, School of Business
Adilah Binti A. Wahab: Universiti Malaya, Finance Department, Faculty of Business and Economics
Tahmina Akhter: Universiti Malaya, Finance Department, Faculty of Business and Economics

Chapter Chapter 7 in A Global Perspective on Corporate ESG Practices, 2026, pp 181-196 from Springer

Abstract: Abstract This chapter brings the book to a close by offering suggestions for the future of ESG practices. Building on discussions taken from previous chapters, it explores potential advancements, challenges, and opportunities for both the developed and emerging countries. It offers strategic recommendations to the global market on the impact of enhancing ESG practices. This chapter also looks to the future of ESG by stressing on the growing responsibilities of companies, regulators, investors, consumers, NGOs, researchers, and educators as drivers of responsible corporate behaviour. It emphasises the revolutionary potential of digital innovation, green finance, circular economy models, and ethical governance for achieving ESG agendas. The book advocates for a standardised reporting system, a rigorous third-party verification, and interdisciplinary research, particularly in underserved areas like ESG-Islamic finance integration which can add value to the ESG dimension. As ESG continues to change the global economic and business landscape, this book provides a strategic framework that promotes inclusive, transparent, and resilient sustainability practices in the coming years of growth.

Keywords: Digital transformation; ESG integration; Islamic finance; Regulatory framework; Transparency (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-5255-9_7

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DOI: 10.1007/978-981-95-5255-9_7

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