THE ROLE OF CORPORATE GOVERNANCE AND ESG PRINCIPLES IN SUSTAINABLE DEVELOPMENT

Abstract

This research investigates the interdependent relationship between corporate governance systems and ESG (Environmental, Social, and Governance) principles in the context of sustainable development. Drawing on a comprehensive review of the global literature, statistical data, and practical experiences with ESG integration, the study examines the mechanisms through which corporations can implement ESG principles to enhance long-term economic growth, social responsibility, and managerial efficiency. The research demonstrates how the integration of ESG principles into corporate operations facilitates optimal resource utilization, increases investment attractiveness, aligns the interests of employees and society, and strengthens the strategic role of corporate governance in achieving sustainable development outcomes. Findings indicate that corporations adopting ESG principles consistently publish sustainability reports and achieve higher performance metrics in global competition, thereby reinforcing the strategic synergy between corporate governance and sustainable development mechanisms.