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Navigating Sustainability: Assessing the Imperative of ESG Considerations in Achieving SDGs

Navigating Sustainability: Assessing the Imperative of ESG Considerations in Achieving SDGs
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Author(s): A. Ayyoob (Department of Commerce and Management Studies, University of Calicut, India)and Aparna Sajeev (Department of Commerce and Management Studies, University of Calicut, India)
Copyright: 2024
Pages: 32
Source title: ESG Frameworks for Sustainable Business Practices
Source Author(s)/Editor(s): Biju Ajithakumari Vijayappan Nair (University of Kerala, India), Glenn Muschert (Khalifa University of Science and Technology, UAE)and Ambili Jayachandran (University of Kerala, India)
DOI: 10.4018/979-8-3693-3880-3.ch003

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Abstract

This chapter explores the symbiotic relationship between ESG practices and SDGs, emphasizing the increasing trend of companies aligning their ESG performance with UN SDGs. This integration ensures that corporate practices positively impact ESG factors, addressing global challenges outlined by the United Nations. The study investigates the interrelation between SDGs and ESG factors to classify SDGs based on ESG considerations. By shedding light on the underlying dynamics shaping sustainable development initiatives, the study aims to offer valuable insights for practical ESG-based approaches to specific SDGs. The study engages a mixed-methods approach with knowledgeable participants, utilizing narrative, thematic analysis, and quantitative ranking through a structured questionnaire. At a practical level, the chapter extends its impact by offering applications for organizational strategy, ESG integration, policy implications, and stakeholder engagement.

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