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Exploring the Impact of ESG Factors on Business Practices and Performance: Towards Sustainable Disclosure

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 30 November 2025 | Viewed by 1126

Special Issue Editor


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Guest Editor
Department of Economics, Management and Quantitative Methods, Università degli Studi di Milano, Milan, Italy
Interests: ESG factors; sustainability; accountability; business administration; corporate reporting; inclusion; gender issues; diversity

Special Issue Information

Dear Colleagues,

The exploration of Environmental, Social, and Governance (ESG) factors and their impact on business practices and performance lies at the intersection of corporate sustainability, ethical business practices, and financial performance. This issue is critical as it addresses the growing demand for businesses to integrate the paradigm of sustainability into their operations and decision-making processes. The purpose of studying this relationship is to evaluate how ESG practices influence corporate behavior, stakeholder engagement, and long-term profitability, as well as how they drive sustainable disclosure practices that foster transparency and accountability.

This Special Issue welcomes both theoretical and empirical studies, interdisciplinary approaches, and industry-focused case studies. It aims to bridge the gap between academic research and practical implementation, contributing to the ongoing dialogue about how businesses can leverage ESG factors for sustainable growth and accountability. The findings will be relevant to academics, policymakers, and practitioners, providing actionable insights for advancing the integration of ESG into mainstream business practices.

This topics of this Special Issue examine how organizations manage and disclose environmental, social, and governance factors, including carbon emissions, energy use, waste management, diversity, inclusion, gender equality, executive compensation, board diversity, and risk management.

The purpose of this Special Issue  is the following:

  • To understand the mechanisms through which ESG integration shapes corporate strategy and performance.
  • To highlight the relationship between ESG practices and financial outcomes, including risk mitigation, market valuation, and access to capital.
  • To explore the development and impact of sustainable disclosure frameworks in promoting consistent and comparable ESG reporting.
  • To assess how ESG practices align with stakeholder expectations and contribute to the sustainable development goals (SDGs).

Prof. Dr. Silvia Angeloni
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • business performance
  • corporate sustainability
  • Environmental, Social, and Governance (ESG)
  • ESG reporting standards
  • risk management
  • stakeholder engagement
  • sustainable disclosure
  • sustainability frameworks
  • Sustainable Development Goals (SDGs)
  • transparency and accountability

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Published Papers (1 paper)

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Research

32 pages, 1956 KiB  
Article
The Connectivity Between Content Elements and SDGs in the South African Banking Industry
by Milan Christian de Wet and Milan Heckroodt van Wyk
Sustainability 2025, 17(6), 2572; https://doi.org/10.3390/su17062572 - 14 Mar 2025
Viewed by 578
Abstract
Integrated thinking and connectivity have recently attracted particular attention in sustainability reporting. A firm’s reporting on its Environmental, Social, and Governance (ESG) practices should be connected to the other business functions to optimize the ESG information provided through integrated reports. Academic research on [...] Read more.
Integrated thinking and connectivity have recently attracted particular attention in sustainability reporting. A firm’s reporting on its Environmental, Social, and Governance (ESG) practices should be connected to the other business functions to optimize the ESG information provided through integrated reports. Academic research on the connectivity between ESG information and other business functions is limited. Hence, the main aim of this study is to analyze and characterize the reporting connectivity between the Sustainable Development Goals (SDGs) and other business functions of South African retail banks. This is done using a thematic content analysis of the integrated reports of each bank in the sample from 2016 to 2023. The sample consists of the top five retail banks in South Africa that are listed on the Johannesburg Stock Exchange (JSE). Specifically, the researchers determine the number of occurrences where the SDGs are linked to other business functions through an iterative process. Furthermore, several Analysis of Variance (ANOVA) models are implemented to identify which content elements have the strongest connectivity to the SDGs as well as to identify which elements have the strongest linkage to the various content elements. The results show that SDGs are primarily linked to stakeholders, the business model, and performance. Furthermore, it was found that this sample of South African banks most prominently links these business functions to SDG 8, which aligns with the banks’ purpose of furthering economic development. Full article
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