The Interplay of Corporate Social Responsibility, ESG Criteria and the Business Ecosystem Anchored in Social Capital

Unlike in the past, when the pursuit of profit could be the sole priority for corporations, they are expected to make social contributions these days. In addition to the CSR from legal compliance and risk reduction perspectives, investors are also incorporating ESG into their pre-investment evaluation. In the near future, it will be more difficult for every actor involved in the business ecosystem to pursue profits only without considering corporate social responsibility. Sustainable ESG in the long term is required rather than a passive one. The key points of ESG management are being responsible for environmental issues and climate change, exploring new growth opportunities and implementing transparent corporate governance. The experts expect ESG management to have positive impacts on enhancing trust and reputation, beyond the contributions to the community and country.