Governance of social attributes behind ESG concepts in business entities: an empirical evidence based on the benchmarking approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925969" target="_blank" >RIV/62156489:43110/24:43925969 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.63029/67mqjk39" target="_blank" >https://doi.org/10.63029/67mqjk39</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.63029/67mqjk39" target="_blank" >10.63029/67mqjk39</a>

Result language

angličtina

Original language name

Governance of social attributes behind ESG concepts in business entities: an empirical evidence based on the benchmarking approach

Original language description

Purpose - This paper investigates the human resource management aspects within the broader context of social spill-over and their implications on business sustainability, examining empirical evidence based on a benchmarking approach utilized by the World Benchmarking Alliance. Design/Methodology/Approach - Utilizing hierarchical tree clustering analysis, this study assesses the similarity in ESG performance across a global sample of 1600 companies. The data, sourced from the World Benchmarking Alliance, spans from 2021 to 2023, focusing on companies&apos; adherence to Sustainable Development Goals. Findings - The analysis reveals significant regional variations in the adoption of social attributes in business practices. Companies in Europe and North America generally exhibit higher performance in respecting human rights and promoting decent work compared to their counterparts in the Far East, Middle East, and Africa. Practical Implications- The findings suggest that regional ESG benchmarks can guide companies in enhancing their social sustainability practices. Policymakers and business leaders can use these insights to foster a more inclusive approach to corporate sustainability. Originality/Value - This study contributes to the literature by mapping the empirical relationships between ESG standards and corporate social responsibility across diverse geographical contexts, highlighting the role of benchmarking in driving business sustainability.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Management Research Quarterly

ISSN

3029-5718

e-ISSN

3029-5718

Volume of the periodical

1

Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

6

Pages from-to

33-38

UT code for WoS article

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EID of the result in the Scopus database

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