Sep 2026· Business Strategy and the Environment· 0 citations· 57 references
Abstract
Corporate engagement with the United Nations' Sustainable Development Goals (SDGs) has expanded rapidly, yet its implications for firms' environmental, social and governance (ESG) risk remain insufficiently understood. Prior research has focused on the performance outcomes of SDG adoption while largely overlooking its potential to generate ESG risk. This study addresses this gap by analysing the relationship between SDG‐aligned ESG practices and ESG risk through the lens of legitimacy theory. We distinguish between symbolic and substantive alignment and test whether ESG risk management mediates this relationship. Using a panel of 1589 firms, we examine the circumstances in which SDG adoption can generate ESG risk. Our findings suggest that SDG‐aligned practices can increase ESG risk when they are not supported by effective risk management, whereas substantive SDG alignment embedded in robust ESG risk management mitigates ESG risk. These findings provide insights for managers, investors and regulators seeking to develop credible sustainability strategies.
This study examines the impact of Environmental, Social, and Governance (ESG) disclosure on corporate resilience of listed firms on the Vietnamese Stock Exchange by using Bloomberg ESG data. Using Generalized Least Squares (GLS) to address model deficiencies, the findings show that overall ESG disclosure is positively...
Trang Do Thi Van, Chi Kim Nguyen, Chi-Lam Bao et al.· Journal of economics, financ...· 0 citations
Corporate transparency regarding the Sustainable Development Goals (SDGs) has emerged as a critical focal point in sustainability literature. Nevertheless, the inconsistent level of reporting among Indonesian firms suggests that the underlying drivers of this practice warrant deeper scrutiny. To address this gap, this...
Firyal Eilsa Nahdah, Edy Supriyono· International Journal of Eco...· 0 citations
This study aims to examine how climate governance influences corporate disclosure of environment-focused sustainable development goals (En_SDGs) in emerging Asian economies, where firms face increasing pressure to address climate risks and environmental accountability.
Drawing on stakeholder, resource depend...
Drawing on the substantive role of SDGs disclosure, this paper aims to examine the nexus between firm value, Environmental, Social and Governance (ESG) reputational risks and SDGs by investigating whether these SDGs disclosure practices can mitigate the negative impact of ESG controversies on firm value.
Thi...
Heba Ali· Review of Accounting and Fin...· 0 citations
ESG disclosure has become an important mechanism through which firms communicate environmental responsibility. However, whether reported ESG information reflects underlying environmental performance remains uncertain in transitional institutional environments. Using a panel of Chinese A-share listed firms from 2009 to...
Su-Xiang Qin, Hui-Fang Teng· Frontiers in Environmental S...· 0 citations
Environmental, social, and governance (ESG) considerations are increasingly shaping corporate decision-making, influencing financial performance and stakeholder trust. This study examines how Ugandan firms integrate ESG principles into governance structures to enhance sustainability and long-term value creation. Us...
Mahadih Kyambade, Afulah Namatovu· Management & Sustainabil...· 0 citations
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