Enablers and Barriers of ESG for Effective Business Solutions: One World, One Future

Environment, Social, and Governance (ESG) has evolved over the years since year 1944 onwards. ESG impacts & links businesses, consumers, and investors & ESG contribution is fast getting acknowledged. ESG Enablers and Barriers (EBs) impact business. The paper studies the correlation amongst shortlisted EBs. Interpretive Structural Modeling (ISM) technique with Micmac Analysis helped determine relationships between the EBs. Finally, various factors contributing to success of ESG were identified. Global Sustainability Challenges, Positive Corporate Social Responsibility, Organization Evolution & Resilience and Governance Structure were found to be most critical EBs. Five other EBs were also identified though less critical but of importance in ESG. Analytical Hierarchy Process (AHP) can be used for further analyzing results of ISM.