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New Business Models for Sustainable Corporate Management: From CSR to ESG

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (20 October 2023) | Viewed by 1770

Special Issue Editor

Department of Geography and Resource Management, The Chinese University of Hong Kong, Hong Kong, China
Interests: housing policy; urban sustainability; green finance

Special Issue Information

Dear Colleagues,

This Special Issue focuses on research and review articles on the nexus among ESG (environmental, social, and corporate governance), CSR (corporate social responsibility), corporate governance, green finance, sustainable urbanization, and other topics related to the new business models for sustainable corporate and urban management to achieve the United Nations’ 17 SDGs (sustainable development goals). To cope with the challenges such as global warming, enterprises are playing an increasingly important role. If we plan to achieve the SDGs, it is essential to open a new file for green projects and scale up the financing of investments that provide environmental benefits through new financial instruments and new policies, creating new business models for sustainable corporate management. The transition from CSR to ESG will provide rich opportunities for industry and academia to go hand in hand to explore this new source of growth engine, thus leaving a gap to fill in this Special Issue.

The targeted articles of this Special Issue include, but are not limited to, the following themes:

  • Firms and social responsibility;
  • Sustainable solutions for green financing and investment;
  • Challenges for SME’s green investment;
  • Green finance and carbon market instruments;
  • Credit rating of green bond market;
  • Sustainable construction and urbanization;
  • Energy security and sustainable development.

Dr. Jing Li
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • environmental, social, and corporate governance (ESG)
  • corporate social responsibility (CSR)
  • corporate governance, green finance, sustainable development goal (SDG)

Published Papers (1 paper)

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Research

21 pages, 4439 KiB  
Article
The Characteristics of the Financially Vulnerable Groups Impacted by COVID-19 and Other Factors
by Guoqin Zhao, Tsun Se Cheong, Brian Tung and Yam Wing Siu
Sustainability 2023, 15(10), 8163; https://doi.org/10.3390/su15108163 - 17 May 2023
Viewed by 1101
Abstract
Businesses have been exposed to various challenges during the global pandemic. Unfortunately, the financially vulnerable groups in society are disproportionately affected by such a difficult time. Therefore, it is important for businesses to recognise this when creating new business models for sustainable corporate [...] Read more.
Businesses have been exposed to various challenges during the global pandemic. Unfortunately, the financially vulnerable groups in society are disproportionately affected by such a difficult time. Therefore, it is important for businesses to recognise this when creating new business models for sustainable corporate management. This paper attempts to (1) identify the factors that affect individual financial vulnerability, (2) develop survey items to assess financial vulnerability and its factors and (3) provide the characteristics of financially vulnerable groups by presenting a complete set of descriptive statistics. The results can help to create more inclusive business models that are better equipped to address the challenges ahead. A questionnaire-based survey was conducted with collaboration with an NGO that provides a financial counselling service in Hong Kong. In total, 338 valid responses were collected and the data were used to characterise financially vulnerable groups in terms of (1) change in financial conditions due to COVID-19; (2) exposure to digitised financial services and related push marketing; (3) financial management ability; (4) changes in four financial behaviours and (5) financial vulnerability as measured according to the debt/service ratio. Results show that the respondents have a median debt/service ratio of 0.513, which represents an unsustainable level of debt. Around ¼ of surveyed respondents reported that their debt/service ratio was 1 or even higher, indicating obvious difficulties in meeting financial obligations. A total of 36.7% of the respondents reported worsening financial conditions since the outbreak of COVID-19. The results presented provide a solid empirical set of data that will help future research work to examine and/or develop a heuristic financial vulnerability model that incorporates the key factors leading to it. Businesses can refer to them when creating new business models that are sustainable, able to meet corporate social responsibility goals and can achieve several targets/goals of the United Nations’ Sustainable Development Goals. Full article
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