Corporate profitability is the sole purpose of ESG (environment, social and governance) disclosure, not sustainable development per se. SDG achievement for the sustainability of the biosphere and socio-economic environment of the world for all stakeholders is not the intended purpose of ESG. Instead, it focuses on profits and shareholder maximization above all else. Sustainability professionals and their clients – developers, lenders, and investors – advocate ESG for the benefit of the business stakeholders. ESG analysis and disclosure informs them about the "sustainability risk" that the companies are exposed to from environmental and social impacts on their business, solely to increase stakeholder profitability.
Winston, Andrew. "What’s Lost When We Talk ‘ESG’ and Not ‘Sustainability’". MIT Sloan Management Review. May 05, 2022. https://sloanreview.mit.edu/...
Posted on 30/05/22
Recent Abstracts
Sustainability in the Hospitality Industry: A Social Factor Dimension
This paper empirically studies the impact of social factors on the sustainability of the hospitality industry in Qatar. Besides the social factors that influence the sustainability of any business, it shows that the most relevant factors for the sustainability of the local hospitality industry are education, life expe ...
Posted on 24/03/21
Innovative mechanism for local tourism system management: a case study
This paper studies an innovative mechanism for managing local tourism and recreation systems and offers recommendations on their development. It examines issues on local tourism system management in the Volga Federal District, Russia. It shows that the relevance of local system development is largely dictated by the lo ...
Posted on 24/03/21
OECD Tourism Papers
OECD Tourism papers address issues such as trends and policies, innovation, sustainability, skills and statistics. This series is designed to make available to a wider readership selected studies drawing on the work of the OECD Tourism Committee (www.oecd.org/cfe/tourism). It complements OECD tourism publications and ...
Posted on 24/03/21
EMEA Real Estate Market Outlook 2020
The report takes a comprehensive look at the prospects for the EMEA real estate market in 2020. It provides a cautious economic and political outlook in the region amidst weakening global trading conditions, the capital markets in light of the accommodative policies of central banks that reinforce expectation of conti ...
Posted on 24/03/21

