The Evolution of ESG: From CSR to ESG 2.0

Ioannis Passas

doi:10.3390/encyclopedia4040112

journal article Open Access Nov 19, 2024

The Evolution of ESG: From CSR to ESG 2.0

Ioannis Passas

Encyclopedia Vol. 4 No. 4 pp. 1711-1720 · MDPI AG

View at Publisher Save 10.3390/encyclopedia4040112

Abstract

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.

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Details

Published: Nov 19, 2024
Vol/Issue: 4(4)
Pages: 1711-1720
License: View

Authors

I

Ioannis Passas

Department of Business Administration and Tourism, Hellenic Mediterranean University, 71410 Heraklion, Greece; Department of Tourism Management, University of West Attica, Egaleo, 12243 Athens, Greece; Department of Accounting and Finance, Neapolis University of Paphos, 8042 Pafos, Cyprus

Cite This Article

Ioannis Passas (2024). The Evolution of ESG: From CSR to ESG 2.0. Encyclopedia, 4(4), 1711-1720. https://doi.org/10.3390/encyclopedia4040112

The Evolution of ESG: From CSR to ESG 2.0

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