ESG Implementation in Modern Business Oriented Towards Sustainable Management

Authors

  • Elli WIDIA Galileo College of Science, Batam University, Indonesia
  • Chablullah WIBISONO Galileo College of Science, Batam University, Indonesia

DOI:

https://doi.org/10.38142/ijesss.v5i3.1128

Keywords:

ESG, Sustainability, Modern Business

Abstract

This research aims to understand how ESG (Environmental, Social, and Governance) implementation strategies can be optimized to improve the company's financial performance and long-term value. In addition, this research identifies the main obstacles that companies face in adopting and integrating ESG principles into their business strategies, especially in the current context of globalization and market complexity. This research also analyzes the influence of ESG implementation on a company's reputation and image in the eyes of stakeholders, including investors, consumers and the wider community. The research results show that effective ESG implementation can reduce operational risks, increase efficiency, and attract sustainable investment, ultimately strengthening a company's competitiveness. However, challenges such as measurement difficulties, implementation costs, and pressure from stakeholders remain obstacles that must be overcome. Successful ESG integration can create long-term, sustainable value for a company and its stakeholders.

Downloads

Download data is not yet available.

References

Aditama, F. W. (2022). Analisis Pengaruh Environment, Social, Governance (ESG) Score Terhadap Return Saham yang Terdaftar Di Index IDX 30. Contemporary Studies in Economic, 1(4), 592–602. http://dx.doi.org/10.21776/csefb.2022.01.4.05.

Amalia, R., & Kusuma, I. W. (2023). Pengaruh Kinerja Lingkungan, Sosial, Dan Tata Kelola Terhadap Kinerja Pasar Dengan Kontroversi Esg Sebagai Variabel Pemoderasi. ABIS: Accounting and Business Information Systems Journal, 11(2). https://doi.org/10.22146/abis.v11i2.84771

Antonius, F., & Ida, I. (2023). Pengaruh Environmental, Social, Governance (ESG) dan Intellectual Capital terhadap Kinerja Perusahaan. Jurnal EKOBIS: Ekonomi, Bisnis, Dan Manajemen, 13(2), 126–138. http://ejournal.utmj.ac.id/index.php/ekobis126

Aulia Fadilah, & Yuni Rosdiana. (2024). Pengaruh Environmental, Social dan Governance (ESG) Disclosure terhadap Kinerja Perusahaan. Bandung Conference Series: Accountancy, 4(1), 300–306. https://doi.org/10.29313/bcsa.v4i1.11584

Aziz, A. (2022). Mengukur Pengaruh Investasi ESG pada Perbankan di Indonesia, dan Bagaimana Peran Kebijakan Fiskal: Analisis Data Panel.

Doloksaribu, TA; Kirom, NR., Lukitaningtias, F. (2024). Strategi Penetapan Harga Jual Dan Perencanaan Pajak Dalam Rangka Meningkatkan Nilai Perusahaan. Tema 25, 1. 25, 23–30.

Farhan, M. (2024). KESEIMBANGAN RISIKO DAN IMBAL HASIL DALAM STRATEGI INVESTASI BERKELANJUTAN: PENDEKATAN INTEGRATIF TERHADAP FAKTOR LINGKUNGAN, SOSIAL, DAN TATA KELOLA PERUSAHAAN (ESG). Currency: Jurnal Ekonomi dan Perbankan Syariah, 2(2), 243-264.

Firdaus R; Doloksaribu TA; Hernanik, N. (2021). International Journal of Environmental, Sustainability, and Social Sciences ISSN 2720-9644 (print); ISSN 2721-0871 (online) https://journalkeberlanjutan.com/index.php/ijesss. 9644, 134–143.

Firmansyah, A., Kharisma, A. N., & Amalia, R. (2023). Apakah Risiko ESG Berkaitan dengan Risiko Perusahaan? ABIS: Accounting and Business Information Systems Journal, 11(4). https://doi.org/10.22146/abis.v11i4.87641

Hendro, J., & Bowo Pranogyo, A. (2023). Inovasi Berkelanjutan: ESG Initiatives Untuk Masa Depan Yang Bertanggung Jawab. Jurnal Ilmu Sosial, Manajemen, Akuntansi Dan Bisnis, 4(4), 135–147. https://doi.org/10.47747/jismab.v4i4.1445

Martiny, A., Taglialatela, J., Testa, F., & Iraldo, F. (2024). Determinants of environmental social and governance (ESG) performance: A systematic literature review. Journal of Cleaner Production, 456, 142213.

Minggu, A. M., Aboladaka, J., & Neonufa, G. F. (2023). Environmental, Social dan Governance (ESG) dan Kinerja Keuangan Perusahaan Publik di Indonesia. Owner, 7(2), 1186–1195. https://doi.org/10.33395/owner.v7i2.1371

Muhammad, M., Rahmawati, S. A., Izzalqurny, T. R., & Ferdiansyah, R. A. (2023). Tata Kelola Perusahaan dan Kinerja ESG yang Berkelanjutan.

Ningwati, G., Septiyanti, R., & Desriani, N. (2022). Pengaruh Environment, Social and Governance Disclosure terhadap Kinerja Perusahaan. Goodwood Akuntansi Dan Auditing Reviu, 1(1), 67–78. https://doi.org/10.35912/gaar.v1i1.1500

Prawoto, B., Doloksaribu, T. A., & ... (2023). Determinan Sustainability Dalam Konsep Keuangan Ekonomi Kreatif. … Sosial, Ekonomi …, 2(7), 1939–1950. https://www.publish.ojs-indonesia.com/index.php/SIBATIK/article/view/1062%0Ahttps://www.publish.ojs-indonesia.com/index.php/SIBATIK/article/download/1062/695

Rahelliamelinda, L., & Handoko, J. (2024). Profitabiltas Sebagai Moderating Pengaruh Kinerja Esg, Green Innovation, Eco-Efficiency Terhadap Nilai Perusahaan. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 19(1), 145–170. https://doi.org/10.25105/jipak.v19i1.19191

Rahma, D. W. A., Cahyarani, D. M., Nugroho, G. V. P., Ikaningtyas, M., & Hidayat, R. (2024). STRATEGI PERENCANAAN DAN PENGEMBANGAN BISNIS PEMBANGUNAN BERKELANJUTAN. KARYA: Jurnal Pengabdian Kepada Masyarakat, 4(1), 186-197.

Tarjo, T., Anggono, A., Said, J., & Sakti, E. (2024). Environmental, Social, and Governance (ESG) Fraud: A bibliometric study and systematic literature review. In E3S Web of Conferences (Vol. 499, p. 01002). EDP Sciences.

Singhania, M., & Saini, N. (2022). Systems approach to environment, social and governance (ESG): Case of Reliance industries. Sustainable Operations and Computers, 3, 103-117.

Sintyawati, N. L. A., & Dewi, M. R. (2018). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional Dan Leverage Terhadap Biaya Keagenan Pada Perusahaan Manufaktur. E-Jurnal Manajemen Universitas Udayana, 7(2), 933–1020. https://ojs.unud.ac.id/index.php/Manajemen/article/view/35640

Wahdan Arum Inawati, & Rahmawati, R. (2023). Dampak Environmental, Social, Dan Governance (ESG) Terhadap Kinerja Keuangan. Jurnal Akademi Akuntansi, 6(2), 225–241. https://doi.org/10.22219/jaa.v6i2.26674

Downloads

Published

2024-05-31