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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Management Research Quarterly

ISSN

3029-5718

e-ISSN

3029-5718

Svazek periodika

1

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

6

Strana od-do

33-38

Kód UT WoS článku

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EID výsledku v databázi Scopus

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