JOURNAL ARTICLE

Moving Beyond ESG.

  • Published In: Harvard Business Review, 2024, v. 102, n. 5. P. 100 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Eccles, Robert G. 3 of 3

Abstract

The article focuses on the current challenges and future direction of ESG (environmental, social, and governance) frameworks in corporate sustainability. It highlights the ongoing debate between single materiality, which centers on ESG issues material to shareholder value, and double materiality, which also considers broader societal impacts, noting the political and technical complexities involved. The author recommends that corporate leaders clearly define their company’s purpose, enhance transparency in ESG reporting through emerging global standards, and engage constructively with diverse stakeholders to navigate conflicting pressures. Ultimately, the article suggests moving beyond polarized ESG debates toward a pragmatic approach that balances shareholder interests with societal responsibilities, while recognizing the role of regulation in addressing negative externalities.

Additional Information

  • Source:Harvard Business Review. 2024/09, Vol. 102, Issue 5, p100
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:0017-8012
  • Accession Number:178978212
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