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.

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Published

2024-05-31

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