IDEAS home Printed from https://ideas.repec.org/p/aue/wpaper/2401.html

Integrating SDGs in ESGs and the Sustainability Transformation of the EU Business Sector

Author

Listed:
  • Phoebe Koundouri
  • Conrad Landis
  • Konstantinos Dellis
  • Angelos Plataniotis

Abstract

The paper consists of a review of the Environmental, Social and Governance Criteria (ESGs) and Sustainable Development Goals (SDGs) Frameworks with a focus on the EU policy context. Based on the most recent Literature, the integration of the SDGs in the ESG framework is discussed and we underline the need for more interdisciplinary and holistic frameworks to incorporate the long-term SDG targets into the Corporate Sustainability reporting framework in order to accelerate the transition of the EU business sector.

Suggested Citation

  • Phoebe Koundouri & Conrad Landis & Konstantinos Dellis & Angelos Plataniotis, 2024. "Integrating SDGs in ESGs and the Sustainability Transformation of the EU Business Sector," DEOS Working Papers 2401, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2401
    as

    Download full text from publisher

    File URL: http://wpa.deos.aueb.gr/docs/2024.AR.Resource.Economics.paper.Koundourietal.v4.pdf
    File Function: First version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas E. Schneider, 2011. "Is Environmental Performance a Determinant of Bond Pricing? Evidence from the U.S. Pulp and Paper and Chemical Industries," Contemporary Accounting Research, John Wiley & Sons, vol. 28(5), pages 1537-1561, December.
    2. Jiao, Yawen, 2010. "Stakeholder welfare and firm value," Journal of Banking & Finance, Elsevier, vol. 34(10), pages 2549-2561, October.
    3. Tami Dinh & Anna Husmann & Gaia Melloni, 2023. "Corporate Sustainability Reporting in Europe: A Scoping Review," Accounting in Europe, Taylor & Francis Journals, vol. 20(1), pages 91-119, January.
    4. Phoebe Koundouri & Stathis Devves & Angelos Plataniotis, 2021. "Alignment of the European Green Deal, the Sustainable Development Goals and the European Semester Process: Method and Application," DEOS Working Papers 2113, Athens University of Economics and Business.
    5. Sofia Anyfantaki & Petros Migiakis & Katerina Paisiou, 2022. "Green finance in Europe: actors and challenges," Economic Bulletin, Bank of Greece, issue 55, pages 83-105, July.
    6. Florian Berg & Julian F Kölbel & Roberto Rigobon, 2022. "Aggregate Confusion: The Divergence of ESG Ratings [Corporate social responsibility and firm risk: theory and empirical evidence]," Review of Finance, European Finance Association, vol. 26(6), pages 1315-1344.
    7. Gianni Betti & Costanza Consolandi & Robert G. Eccles, 2018. "The Relationship between Investor Materiality and the Sustainable Development Goals: A Methodological Framework," Sustainability, MDPI, vol. 10(7), pages 1-23, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Halkos, George & Aslanidis, Panagiotis-Stavros, 2024. "Reviewing environmental aspects under the scope of ESG," MPRA Paper 120298, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Phoebe Koundouri & Conrad Felix Michel Landis & Konstantinos Dellis & Angelos Plataniotis, 2025. "Integrating Sustainable Development Goals in Environmental, Social, and Governance Criteria and the Sustainability Transformation of the EU Business Sector," Annual Review of Resource Economics, Annual Reviews, vol. 17(1), pages 381-399, October.
    2. Koundouri, Phoebe & Landis, Conrad Felix Michel, 2023. "ESG Momentum in International equity returns and the SDG content of financial asset portfolios," MPRA Paper 122005, University Library of Munich, Germany.
    3. Marco Ghitti & Gianfranco Gianfrate & Lorenza Palma, 2024. "The agency of greenwashing," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(3), pages 905-941, September.
    4. Carlos Estevez‐Mendoza & Juan Infante, 2025. "Evolution and relevance of research on Environmental, Social, and Governance factors," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 1545-1566, March.
    5. Fan, Lin & Wang, Jiali & Lin, Zhongguo & Du, Huibin, 2025. "Official environmental credit evaluation and corporate debt concentration," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    6. Kim, Moshe & Surroca, Jordi & Tribó, Josep A., 2014. "Impact of ethical behavior on syndicated loan rates," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 122-144.
    7. Hongbo He & Yiqing Chen & Ruiqi Guo & Lerong He & Hong Wan, 2025. "Cost of Vagueness: Stakeholders’ Responses to Firms’ ESG Information," Journal of Business Ethics, Springer, vol. 202(3), pages 543-566, December.
    8. Ruiyu Dong & Chaofeng Shao & Shuqi Xin & Zhirui Lu, 2023. "A Sustainable Development Evaluation Framework for Chinese Electricity Enterprises Based on SDG and ESG Coupling," Sustainability, MDPI, vol. 15(11), pages 1-26, June.
    9. Fard, Amirhossein & Javadi, Siamak & Kim, Incheol, 2020. "Environmental regulation and the cost of bank loans: International evidence," Journal of Financial Stability, Elsevier, vol. 51(C).
    10. Tsang, Albert & Frost, Tracie & Cao, Huijuan, 2023. "Environmental, Social, and Governance (ESG) disclosure: A literature review," The British Accounting Review, Elsevier, vol. 55(1).
    11. Haozhe Song & Gunnar Rimmel, 2025. "Debtholders' reaction to sustainability reporting regulations: International evidence," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 88-115, January.
    12. Zixuan Zhang & Zhenyu Ge, 2024. "Fishing in muddy water? Climate policy uncertainty and corporate greenwashing in environmental, social, and governance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(6), pages 4191-4207, September.
    13. McGee, Paraic & Sheenan, Lisa & Egan, Tom & O'Donohoe, Sheila, 2025. "Risk factor disclosure in green bond prospectuses and investor compensation," International Review of Financial Analysis, Elsevier, vol. 105(C).
    14. Mirza, Nawazish & Afzal, Ayesha & Umar, Muhammad & Skare, Marinko, 2023. "The impact of green lending on banking performance: Evidence from SME credit portfolios in the BRIC," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 843-850.
    15. Oehler, Andreas & Neuss, Charlotte, 2025. "ESG disclosure vs. ESG ratings: Consistent information value?," International Review of Financial Analysis, Elsevier, vol. 107(C).
    16. Abdelghafar M. Elhady & Samaa Shohieb, 2025. "AI-driven sustainable finance: computational tools, ESG metrics, and global implementation," Future Business Journal, Springer, vol. 11(1), pages 1-30, December.
    17. Ylinen, Mika & Ranta, Mikko, 2025. "Predicting corporate innovation using machine learning and social media data," Technovation, Elsevier, vol. 148(C).
    18. Spira, Robin, 2024. "How does ESG rating disagreement influence analyst forecast dispersion?," Junior Management Science (JUMS), Junior Management Science e. V., vol. 9(3), pages 1769-1804.
    19. Cellier, Alexis & Chollet, Pierre, 2016. "The effects of social ratings on firm value," Research in International Business and Finance, Elsevier, vol. 36(C), pages 656-683.
    20. Azeem, Naveed & Ullah, Muhammad & Ullah, Farid, 2023. "Board gender diversity and firms' financial resilience during the Covid-19 pandemic," Finance Research Letters, Elsevier, vol. 58(PA).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aue:wpaper:2401. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ekaterini Glynou (email available below). General contact details of provider: https://edirc.repec.org/data/diauegr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.