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The Impact of ESG Practices in Industry with a Focus on Carbon Emissions: Insights and Future Perspectives

Author

Listed:
  • Alessio Baratta

    (Department of Mechanical, Energy and Management Engineering, University of Calabria, 87036 Rende, Italy)

  • Antonio Cimino

    (Department of Innovation Engineering, University of Salento, 73100 Lecce, Italy)

  • Francesco Longo

    (Department of Mechanical, Energy and Management Engineering, University of Calabria, 87036 Rende, Italy)

  • Vittorio Solina

    (Department of Mechanical, Energy and Management Engineering, University of Calabria, 87036 Rende, Italy)

  • Saverino Verteramo

    (Department of Mechanical, Energy and Management Engineering, University of Calabria, 87036 Rende, Italy)

Abstract

In recent years, interest in economic, environmental and social sustainability has increased significantly. Companies are gradually adopting behaviors aimed at achieving the Sustainable Development Goals, which represent a crucial aspect of the 2030 Agenda. In practice, they are currently incorporating organizational strategies that jointly consider environmental, social and corporate governance (ESG), with the aim of generating value for all stakeholders. This paper aims to review, through a recognized seven-step procedure, the current literature on the impact that ESG practices have in industry, with a focus on the reduction of carbon emissions. The results are extremely useful for both researchers and entrepreneurs. The bibliometric analysis shows that interest in the ESG paradigm has grown considerably in the last three years. Furthermore, through the analysis of 13 key documents, it emerges that (i) the European community is pushing significantly towards the adoption of ESG practices through new regulations, (ii) the link between industrial operations and carbon emissions can no longer be neglected within the factory of the future, and (iii) significant efforts are still needed to standardize, in terms of variables and KPIs, the adoption of ESG-centric strategies.

Suggested Citation

  • Alessio Baratta & Antonio Cimino & Francesco Longo & Vittorio Solina & Saverino Verteramo, 2023. "The Impact of ESG Practices in Industry with a Focus on Carbon Emissions: Insights and Future Perspectives," Sustainability, MDPI, vol. 15(8), pages 1-20, April.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:8:p:6685-:d:1124001
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    References listed on IDEAS

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    Cited by:

    1. Costantiello, Alberto & Leogrande, Angelo, 2023. "The Determinants of CO2 Emissions in the Context of ESG Models at World Level," MPRA Paper 117110, University Library of Munich, Germany.
    2. Yadu Zhang & Yiteng Zhang & Zuoren Sun, 2023. "The Impact of Carbon Emission Trading Policy on Enterprise ESG Performance: Evidence from China," Sustainability, MDPI, vol. 15(10), pages 1-27, May.
    3. Hea Young Lim & Ki Han Kwon, 2023. "Sustainable Assessment of the Environmental Activities of Major Cosmetics and Personal Care Companies," Sustainability, MDPI, vol. 15(18), pages 1-20, September.
    4. Jeongmin Lee & Jinwoo Lee & Changhee Lee & Yulseong Kim, 2023. "Identifying ESG Trends of International Container Shipping Companies Using Semantic Network Analysis and Multiple Case Theory," Sustainability, MDPI, vol. 15(12), pages 1-20, June.
    5. Heekyun Oh, 2024. "The Moderating Role of ESG Administration on the Relationship between Tourism Activities and Carbon Emissions: A Case Study of Basic Local Governments in South Korea," Sustainability, MDPI, vol. 16(12), pages 1-26, June.
    6. Kang-Lin Chiang, 2024. "Delivering Goods Sustainably: A Fuzzy Nonlinear Multi-Objective Programming Approach for E-Commerce Logistics in Taiwan," Sustainability, MDPI, vol. 16(13), pages 1-17, July.

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