Ilze Zumente, Natalja Lāce

Proceedings of the 14th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2023, pp. 168-175 (2023); https://doi.org/10.54808/IMCIC2023.01.168

Ilze Zumente
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Natalja Lāce
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Cite this paper as:
Zumente, I., Lāce, N. (2023). Understanding Corporate Sustainability Drivers Across Corporate Life Cycle. In N. Callaos, S. Hashimoto, N. Lace, B. Sánchez, M. Savoie (Eds.), Proceedings of the 14th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2023, pp. 168-175. International Institute of Informatics and Cybernetics. https://doi.org/10.54808/IMCIC2023.01.168

Environmental, social, and governance (ESG) drivers refer to the factors that can affect a company's performance and decision-making processes in relation to its impact on the environment, its treatment of stakeholders such as employees and customers, and its adherence to good governance practices. These drivers can change based on a company's life cycle stage, as the priorities and challenges facing a company can vary significantly at different stages of its development. This research presents an innovative approach to determining the relevant ESG drivers across corporate life cycle stages using Analytical Hierarchy Process (AHP). The results obtained from surveying 25 experts representing Baltic region indicate that AHP is a viable tool to measure the relative significance of ESG catalysts and illustrate that there exist different sets of drivers which have an impact on ESG enactment decisions at different times of a firm's evolution.
This study offers an overview for decision makers who are trying to distinguish and prioritize ESG drivers with an aim to achieve a more extensive ESG implementation in the emerging economies.