Understanding Corporate Sustainability Drivers Across Corporate Life Cycle

The 14th International Multi-Conference on Complexity, Informatics and Cybernetics (IMCIC 2023): Proceedings 2023
Ilze Zumente, Nataļja Lāce

Environmental, social, and governance (ESG) drivers refer to the factors that can affect a company's performance and decision making processes in relation to its impact on the environment, its treatment of stakeholders such as employees and customers, and its adherence to good governance practices. These drivers can change based on a company's life cycle stage, as the priorities and challenges facing a company can vary significantly at different stages of its development. This research presents an innovative approach to determining the relevant ESG drivers across corporate life cycle stages using Analytical Hierarchy Process (AHP). The results obtained from surveying 25 experts representing Baltic region indicate that AHP is a viable tool to measure the relative significance of ESG catalysts and illustrate that there exist different sets of drivers which have an impact on ESG enactment decisions at different times of a firm's evolution. This study offers an overview for decision makers who are trying to distinguish and prioritize ESG drivers with an aim to achieve a more extensive ESG implementation in the emerging economies.

Atslēgas vārdi
corporate life cycle, corporate sustainability, ESG
DOI
10.54808/IMCIC2023.01.168
Hipersaite
https://www.iiis.org/DOI2023/ZA659HT/

Zumente, I., Lāce, N. Understanding Corporate Sustainability Drivers Across Corporate Life Cycle. No: The 14th International Multi-Conference on Complexity, Informatics and Cybernetics (IMCIC 2023): Proceedings, Amerikas savienotās valstis, Virtual Conference, 28.-31. marts, 2023. Winter Garden: International Institute of Informatics and Systemics (IIIS), 2023, 168.-175.lpp. ISBN 978-1-950492-71-8. ISSN 2771-5914. Pieejams: doi:10.54808/IMCIC2023.01.168

Publikācijas valoda
English (en)