Advancing Sustainability: A Comprehensive Review of Environmental, Social, and Governance (ESG) Practices

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Year : 2025 | Volume : 12 | 02 | Page : –
    By

    Rupesh Kumar Malviya,

  • Anupam Vijay,

  • Aman Kumar Singh,

  1. Sr. Engineer, Pini India Private Limited, Shakurpur, Delhi 2. Sr. Resident Engineer, WSP Indore Metro project, Indore, Madhya Pradesh, India
  2. Sr. Resident Engineer, WSP Indore Metro project, Indore,, Madhya Pradesh, India
  3. Manager, Safety Madhya Pradesh Metro Rail Corporation Limited, Madhya Pradesh, India

Abstract

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Environmental, Social, and Governance (ESG) frameworks have emerged as critical pillars guiding sustainable business practices and responsible investment decisions. This review explores the multifaceted role of ESG principles in promoting environmental stewardship, advancing social equity, and ensuring ethical governance. Environmentally, ESG focuses on combating climate change, conserving biodiversity, and managing resources through renewable energy adoption, waste reduction, and carbon emission control. Socially, it emphasizes employee well-being, diversity, community engagement, and ethical supply chains, fostering stakeholder trust and societal value. Governance principles underpin transparency, accountability, and ethical decision-making, which are essential for long-term organizational integrity. While ESG implementation offers transformative potential, challenges remain. High costs, lack of standardized frameworks, and regional regulatory disparities hinder widespread adoption. Complex global supply chains and the risk of greenwashing further complicate ESG integration. Despite these barriers, the study highlights how technological innovations, supportive regulations, and increasing stakeholder awareness are accelerating ESG adoption. ESG aligned organizations benefit from operational efficiencies, enhanced brand reputation, investor appeal, and improved risk management. The study underscores the alignment of ESG goals with the United Nations Sustainable Development Goals (SDGs), illustrating how businesses can drive positive environmental and social change while securing competitive advantage. Additionally, ESG research continues to evolve, with growing emphasis on performance metrics, sectoral applications, and data driven evaluation frameworks. The analysis concludes that ESG is not merely a compliance tool but a strategic imperative fostering resilient, ethical, and future-ready enterprises. As sustainability becomes a core expectation from stakeholders, integrating ESG across business functions is essential for global progress and equitable development

Keywords: ESG, sustainability, environmental stewardship, social equity, ethical governance, climate change, corporate responsibility, Sustainable Development Goals (SDGs), renewable energy, stakeholder trust

How to cite this article:
Rupesh Kumar Malviya, Anupam Vijay, Aman Kumar Singh. Advancing Sustainability: A Comprehensive Review of Environmental, Social, and Governance (ESG) Practices. Journal of Thermal Engineering and Applications. 2025; 12(02):-.
How to cite this URL:
Rupesh Kumar Malviya, Anupam Vijay, Aman Kumar Singh. Advancing Sustainability: A Comprehensive Review of Environmental, Social, and Governance (ESG) Practices. Journal of Thermal Engineering and Applications. 2025; 12(02):-. Available from: https://journals.stmjournals.com/jotea/article=2025/view=0


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Ahead of Print Subscription Review Article
Volume 12
02
Received 05/05/2025
Accepted 20/05/2025
Published 18/06/2025
Publication Time 44 Days
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