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A PRISMA‐Based Systematic Review on Economic, Social, and Governance Practices: Insights and Research Agenda

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  • Slimane Ed‐Dafali
  • Zahra Adardour
  • Atar Derj
  • Adil Bami
  • Khaled Hussainey

Abstract

The article synthesizes existing research on environmental, social, and governance (ESG) practices and explores their impact on corporate sustainability and financial outcomes. [Correction added on 17 December 2024, after first online publication: In the Abstract section, the definition of ESG has been corrected from ‘economic, social, and governance’ to ‘environmental, social, and governance’.] A systematic literature review (SLR) followed PRISMA guidelines, analyzing 85 peer‐reviewed articles from high‐quality journals indexed in Scopus. The results reveal that robust governance mechanisms—such as board diversity, strategic integration of ESG criteria, and effective risk management—are key drivers of enhanced ESG performance and corporate profitability. However, the findings also highlight significant gaps in current knowledge, particularly regarding emerging concepts like green innovation, ESG controversies, and digital transformation. The study concludes that further research is needed to develop a more nuanced understanding of how different governance structures and ESG practices interact and to provide clearer guidance for policymakers and corporate managers in fostering sustainable business practices.

Suggested Citation

  • Slimane Ed‐Dafali & Zahra Adardour & Atar Derj & Adil Bami & Khaled Hussainey, 2025. "A PRISMA‐Based Systematic Review on Economic, Social, and Governance Practices: Insights and Research Agenda," Business Strategy and the Environment, Wiley Blackwell, vol. 34(2), pages 1896-1916, February.
    • Handle: RePEc:bla:bstrat:v:34:y:2025:i:2:p:1896-1916
    DOI: 10.1002/bse.4069
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    Cited by:

    1. Ziyang Liu & Baogui Yang & Bernadette Andreosso-O’Callaghan & Xiaoao Zhang, 2025. "Does Corporate ESG Performance Influence Carbon Emissions?," Sustainability, MDPI, vol. 17(17), pages 1-23, August.
    2. Saleh Mohammed Mashehdul Islam, 2025. "Exploring How Corporate Maturity Moderates the Value Relevance of ESG Disclosures in Sustainable Reporting: Evidence from Bangladesh’s Developing Market," Sustainability, MDPI, vol. 17(13), pages 1-21, June.
    3. Eric M. Chang & Jo-Han Cheng, 2025. "The Evolution of Environmental, Social, and Governance (ESG) Performance: A Longitudinal Comparative Study on Moderators of Agenda 2030," Sustainability, MDPI, vol. 17(19), pages 1-28, September.
    4. José Antônio Bertotti Júnior & Ana Paula Cabral Seixas Costa, 2025. "Climate Action for Decarbonization: The Case of a Subnational Government in Brazil," Sustainability, MDPI, vol. 17(13), pages 1-21, July.
    5. Fotios Misopoulos & Priyanka Bajiraj, 2025. "Shared Producer Responsibility for Sustainable Packaging in FMCG: The Convergence of SDGs, ESG Reporting, and Stakeholder Engagement," Sustainability, MDPI, vol. 17(14), pages 1-46, July.
    6. Jingdi Fan & Vesarach Aumeboonsuke, 2025. "Perceived ESG and Competitive Performance: A Moderated Mediation Model of Green Technology Innovation and Digital Transformation in Chinese Manufacturing," Sustainability, MDPI, vol. 17(18), pages 1-28, September.
    7. Abdelnaser M. Mohamed Amer & Asil Azimli & Muri Wole Adedokun, 2025. "Earnings Management and IFRS Adoption Influence on Corporate Sustainability Performance: The Moderating Roles of Institutional Ownership and Board Independence," Sustainability, MDPI, vol. 17(17), pages 1-27, September.
    8. Giovanni Felici & Daniele Codato & Alberto Lanzavecchia & Massimo De Marchi & Maria Cristina Lavagnolo, 2025. "Retail Development and Corporate Environmental Disclosure: A Spatial Analysis of Land-Use Change in the Veneto Region (Italy)," Sustainability, MDPI, vol. 17(15), pages 1-17, July.
    9. Zahra Adardour & Slimane Ed-Dafali & Muhammad Mohiuddin & Omar El Mortagi & Hicham Sbai & Brahim Bouzahir, 2025. "Exploring the drivers of environmental, social, and governance (ESG) disclosure in an emerging market context using a mixed methods approach," Future Business Journal, Springer, vol. 11(1), pages 1-23, December.

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