Vol. 1 (2024)
Original Articles

The purpose as a catalyst for driving sustainability in corporate governance

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  • Fabrizio Mosca,
  • Eleonora Greco
Fabrizio Mosca
Department of Management University of Turin
Eleonora Greco
Department of Management University of Turin

Published 2024-12-16

Keywords

  • sustainability,
  • corporate governance,
  • integrated CSR,
  • stakeholders,
  • purpose

Copyright (c) 2024 Fabrizio Mosca, Eleonora Greco

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

Contemporary corporate governance is increasingly intertwined with sustainability goals. This necessitates a shift from a narrow focus on shareholder interests to a broader stakeholder-oriented approach, encompassing environmental, social, and governance (ESG) factors. The integration of ESG considerations into governance frameworks requires a clear definition of roles and responsibilities among boards of directors, shareholders, and other stakeholders. This includes establishing a “corporate purpose” that transcends profit maximization and guides the organization towards sustainable value creation. This paper offers and overview about the effective sustainability governance models that promote transparency, ethical behavior, and accountability, enabling companies to identify and manage emerging risks while capitalizing on opportunities in a rapidly evolving global landscape. This approach fosters a culture of sustainability, contributing to long-term organizational success and societal well-being.

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