The Evolution of ESG: From CSR to ESG 2.0
The evolving landscape of Corporate Social Responsibility (CSR) has transcended its traditional boundaries, transitioning into Environmental, Social, and Governance (ESG) principles and their more advanced iteration, ESG 2.0. Unlike traditional CSR, which primarily emphasizes voluntary ethical pract...
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MDPI AG
2024-11-01
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| Series: | Encyclopedia |
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| author | Ioannis Passas |
| author_facet | Ioannis Passas |
| author_sort | Ioannis Passas |
| collection | DOAJ |
| description | The evolving landscape of Corporate Social Responsibility (CSR) has transcended its traditional boundaries, transitioning into Environmental, Social, and Governance (ESG) principles and their more advanced iteration, ESG 2.0. Unlike traditional CSR, which primarily emphasizes voluntary ethical practices, ESG integrates sustainability into the core business strategy, transforming how corporations address environmental and societal challenges while enhancing shareholder value. This entry focuses specifically on the European and North American contexts, where regulatory pressures, investor demands, and societal expectations have played pivotal roles in accelerating this transition. Understanding the evolution from CSR to ESG practices is crucial, given the increasing complexity of global challenges such as climate change, inequality, and governance scandals. The emphasis on ESG 2.0 highlights a proactive, strategic approach to embedding sustainability into corporate DNA, ensuring relevance in a rapidly changing world. |
| format | Article |
| id | doaj-art-f8f1dc9a811340979f654fed302eee85 |
| institution | OA Journals |
| issn | 2673-8392 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Encyclopedia |
| spelling | doaj-art-f8f1dc9a811340979f654fed302eee852025-08-20T02:00:27ZengMDPI AGEncyclopedia2673-83922024-11-01441711172010.3390/encyclopedia4040112The Evolution of ESG: From CSR to ESG 2.0Ioannis Passas0Department of Business Administration and Tourism, Hellenic Mediterranean University, 71410 Heraklion, GreeceThe evolving landscape of Corporate Social Responsibility (CSR) has transcended its traditional boundaries, transitioning into Environmental, Social, and Governance (ESG) principles and their more advanced iteration, ESG 2.0. Unlike traditional CSR, which primarily emphasizes voluntary ethical practices, ESG integrates sustainability into the core business strategy, transforming how corporations address environmental and societal challenges while enhancing shareholder value. This entry focuses specifically on the European and North American contexts, where regulatory pressures, investor demands, and societal expectations have played pivotal roles in accelerating this transition. Understanding the evolution from CSR to ESG practices is crucial, given the increasing complexity of global challenges such as climate change, inequality, and governance scandals. The emphasis on ESG 2.0 highlights a proactive, strategic approach to embedding sustainability into corporate DNA, ensuring relevance in a rapidly changing world.https://www.mdpi.com/2673-8392/4/4/112ESGCSRsustainabilityaccountabilitystakeholder theory |
| spellingShingle | Ioannis Passas The Evolution of ESG: From CSR to ESG 2.0 Encyclopedia ESG CSR sustainability accountability stakeholder theory |
| title | The Evolution of ESG: From CSR to ESG 2.0 |
| title_full | The Evolution of ESG: From CSR to ESG 2.0 |
| title_fullStr | The Evolution of ESG: From CSR to ESG 2.0 |
| title_full_unstemmed | The Evolution of ESG: From CSR to ESG 2.0 |
| title_short | The Evolution of ESG: From CSR to ESG 2.0 |
| title_sort | evolution of esg from csr to esg 2 0 |
| topic | ESG CSR sustainability accountability stakeholder theory |
| url | https://www.mdpi.com/2673-8392/4/4/112 |
| work_keys_str_mv | AT ioannispassas theevolutionofesgfromcsrtoesg20 AT ioannispassas evolutionofesgfromcsrtoesg20 |