ENVIRONMENTAL SUSTAINABILITY IN CORPORATE GOVERNANCE

AUTHORS – KHUSHI SHARMA* & DR. CHANDER PRAKASH SINGH**, LL.M. STUDENT* & ASSISTANT PROFESSOR**, CHANDIGARH UNIVERSITY, MOHALI

BEST CITATION – KHUSHI SHARMA & DR. CHANDER PRAKASH SINGH, ENVIRONMENTAL SUSTAINABILITY IN CORPORATE GOVERNANCE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 281-293, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

This paper discusses the implementation of sustainability policies in corporate governance and outlines the difficulties faced by organizations and the potential strategies for overcoming them. Companies are increasingly expected to align their practices with stakeholder expectations as the world remains aware of increasing environmental and social issues. The common barriers this study reveals in this vein include a focus on short-term financial issues, lack of awareness, resource constraints, and regulatory uncertainty. Further, it goes deep into proper strategies such as aligning long-term goals with the performance of the short-term agenda, stakeholder engagement improved, and the use of technology to enhance measurement and reporting. The study emphasizes the holistic approach in corporate governance towards sustainability hence culminating in better organizational performance and stakeholder trust.

Keywords – Corporate Governance, Sustainability, ESG Integration, Stakeholder Engagement, Resource Allocation, Regulatory Compliance, Organizational Performance.