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Catalyzing Change: ESG Integration in the Global Economy for a Resilient and Responsible Future

Author

Listed:
  • Andreea-Larisa Olteanu (Burcă)

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Corina Aurora Barbu

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Alexandra Popa

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Considering the global state of the current economy we can notice a slowdown across both developed and developing countries, most of them facing the risk of recession. This paper aims to explore the intersection of ESG, and the pressing challenges confronting the global economy. The article will emphasize the significance and urgency of addressing these challenges to foster sustainable growth and resilience. The study seeks to analyze potential benefits that the integration of ESG norms can bring to the global economy and highlight the reasons why it has become so crucial. The research methods employed provide an overview of the key issues with the greatest impact that are shaping the present global economy as well as how ESG - Environmental, Social, and Governance factors have emerged as catalysts for change by mitigating risks, capitalizing on opportunities, and driving long-term value. The findings of this study serve as a foundation for developing more viable and resilient practices, enabling informed decision-making, and ensuring the long-term sustainable growth of the global economy overall.

Suggested Citation

  • Andreea-Larisa Olteanu (Burcă) & Corina Aurora Barbu & Alexandra Popa, 2023. "Catalyzing Change: ESG Integration in the Global Economy for a Resilient and Responsible Future," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1022-1031, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1022-1031
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    More about this item

    Keywords

    environmental social governance (ESG); climate change; global economy; technology; sustainability;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • F01 - International Economics - - General - - - Global Outlook
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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