Integrating Sustainable Development Goals in Environmental, Social and Governance Criteria and the Sustainability Transformation of the EU Business Sector

Phoebe Koundouri, Conrad Felix Michel Landis, Konstantinos Dellis and Angelos Plataniotis

MPRA Paper from University Library of Munich, Germany

Abstract: The paper reviews environmental, social, and governance (ESG) Criteria and Sustainable Development Goals (SDG) within the EU policy framework. It evaluates the integration of the SDGs into existing sustainability reporting frameworks, advocating for more comprehensive and interdisciplinary approaches to embed long-term SDGs in corporate sustainability reporting. This is considered essential to accelerate the EU business sector's sustainability transformation. Moreover, this paper evaluates the effectiveness of current frameworks in influencing firm behavior, particularly in reducing pollution levels, promoting green innovation, and complying with enhanced disclosure requirements. Finally, it concludes by suggesting that, while progress has been made, there is a need for further alignment and refinement of these frameworks to ensure that they drive meaningful corporate action and policy development towards achieving the transformation to sustainability.

Keywords: ESG; Sustainable Development Goals; SDG; CSRD; Sustainability Reporting; European Green Deal (search for similar items in EconPapers)
JEL-codes: G38 M14 Q01 Q56 Q58 (search for similar items in EconPapers)
Date: 2025-03
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