Charting the Frontier of Ecological Sustainability: An In-Depth Analysis of Corporate Environmental Stewardship

  • Raja Sengupta
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  • Raja Sengupta

    Corporate Lawyer in India

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Abstract

This research article, "Charting the Frontier of Ecological Sustainability: An In-Depth Analysis of Corporate Environmental Stewardship," provides a thorough exploration of the challenges and opportunities associated with corporate environmental practices. It investigates how companies often engage in greenwashing—where marketing efforts create a misleading impression of environmental responsibility—by comparing public claims with actual practices. This examination underscores the importance of genuine sustainability efforts and the risks associated with deceptive environmental claims. The paper integrates the concept of business model innovation, emphasizing the need for companies to align their operations with authentic sustainable practices to avoid greenwashing pitfalls. It explores how business models can be designed to enhance profitability while genuinely contributing to ecological and social progress. Through an analysis of data manipulation and misrepresentation in ESG reporting, the paper highlights the critical role of accurate and transparent reporting in maintaining investor trust and ensuring accountability. Furthermore, the misuse of ESG funds is addressed, illustrating the need for rigorous oversight to ensure that investments adhere to the advertised environmental, social, and governance criteria. Social negligence, particularly in the context of labor rights and global supply chains, is also examined to highlight the broader implications for stakeholder relationships and ethical governance. The paper identifies systemic challenges such as the lack of standardized ESG reporting frameworks, data quality issues, regulatory uncertainties, and the risk of greenwashing. By connecting these challenges to the broader context of business model innovation and sustainable practices, the paper advocates for a more integrated approach to ESG. This approach ensures that corporate activities genuinely reflect their environmental and social commitments, aiming to create business models that drive real sustainability and foster transparency and accountability in corporate environmental stewardship.

Type

Research Paper

Information

International Journal of Legal Science and Innovation, Volume 6, Issue 4, Page 629 - 692

DOI: https://doij.org/10.10000/IJLSI.112157

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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