Social and Environmental Impact of Business: Advancing Corporate Sustainability

Qiqauri İ., Surmanidze N., Covucci C.

in: Climate Change Management, Springer International Publishing Ag, pp.503-512, 2026 identifier

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2026
  • Doi Number: 10.1007/978-3-032-03484-7_26
  • Publisher: Springer International Publishing Ag
  • Page Numbers: pp.503-512
  • Keywords: Corporate sustainability, CSR, ESG strategies, Greenwashing, Non-financial reporting
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

Corporations increasingly adopt Environmental, Social, and Governance (ESG) strategies to integrate sustainability into their business models. Investors and shareholders are no longer solely interested in the financial performance of firms. They also evaluate non-financial performance and make decisions based on both indicators. Moreover, citizens demand actions that prioritize the planet and the needs of current and future generations. To meet stakeholder demand, corporations implement corporate social responsibility (CSR) programs. Corporate sustainability can promote long-term value, mitigate climate change, and benefit the development of society, thereby contributing to Sustainable Development Goals (SDGs). This chapter explores the social and environmental impact of companies and their ESG strategies while exhibiting cases from different countries. This chapter also highlights the importance of corporate sustainability in greenwashing and discusses non-financial reporting to improve corporate performance.