Advancing Corporate Governance, Sustainable Innovation and Social Responsibility

Dear Colleagues,

In an era defined by global uncertainty, rapid technological change, and escalating environmental and social challenges, the principles of corporate governance, sustainable innovation, and social responsibility are no longer optional—they are foundational to long-term business success. As companies navigate the complexities of a stakeholder-driven world, it has become evident that governance frameworks must evolve, innovation must serve sustainability goals, and corporate responsibility must be embedded in strategic decision-making.

Corporate governance has traditionally centred on accountability, transparency, and protecting shareholder interests. While these remain essential, the scope of governance must broaden to reflect the realities of today’s interconnected economies and societies. Sound governance now requires boards to oversee not only financial performance but also environmental, social, and governance (ESG) risks and opportunities. This demands more diverse and ESG-literate boards, rigorous disclosure practices, and an integrated approach to risk management that considers long-term value creation for all stakeholders.

At the same time, sustainable innovation is transforming industries. Innovation can no longer be pursued solely for competitive advantage or profit; it must contribute to solving systemic issues such as climate change, inequality, and resource depletion. Forward-thinking companies are embedding sustainability into their R&D, supply chains, and product design. Whether through circular economy models, renewable energy technologies, or ethical AI, innovation is increasingly being measured not only by its novelty but by its impact on society and the planet.

Social responsibility, too, has undergone a profound shift. The expectations of consumers, employees, investors, and communities are rising. Businesses are being held accountable for their role in shaping equitable societies, fair labour practices, and inclusive economies. Social responsibility must extend beyond philanthropy to become a strategic imperative, encompassing workforce diversity, fair wages, human rights, community investment, and ethical sourcing.

These three domains—governance, innovation, and responsibility—are deeply interdependent. Weak governance undermines sustainability efforts. Innovation without ethical grounding can exacerbate harm. Responsibility without governance mechanisms lacks enforceability. The convergence of these principles creates a resilient framework for corporate stewardship in the 21st century.

This Special Issue marks a call to action for board members, executives, investors, and policymakers. The path forward demands courage and commitment—to challenge outdated norms, to invest in sustainable solutions, and to lead with purpose. As we move into a future shaped by climate realities and social transitions, those who advance corporate governance, sustainable innovation, and social responsibility will not only mitigate risk—they will define the next era of business success.

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Prof. Dr. Dimitrios Koufopoulos
Guest Editor

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• corporate governance
• sustainable innovation
• corporate social responsibility
• innovative ecosystem
• innovation value chain