Abstract:
Sustainable corporate governance is the integration of environmental, social, and governance (ESG) considerations into how a company is directed and controlled, with the goal of creating long-term value for all stakeholders. This includes balancing the interests of shareholders, management, customers, suppliers, financiers, government, and the community, and operating in an ethical, transparent and responsible manner. It also involves effective communication and accountability to stakeholders and consideration for the long-term sustainability of the company's impact on society and the environment. As the COVID-19 pandemic continues, sustainability has become an increasingly important factor for companies worldwide to keep uncertainty at bay. Legal developments play an important role in shaping sustainable corporate governance, both at a national and international level. Overall, the legal applications of sustainable corporate governance involve the use of laws, regulations, international treaties, voluntary guidelines, codes of conduct and legal frameworks to encourage and enforce responsible corporate behavior and to manage the risks associated with sustainability. By adopting a proactive approach to sustainable corporate governance, companies can ensure that they operate in a manner that is economically, socially, and environmentally responsible, while also protecting themselves against legal risks and liabilities.
