Abstract

Despite the high probability of an accelerated development of the concept and essence of ESG standards in the coming years, this will not change the foundations on which they are currently built. The researcher attempts to focus on efficient planning by addressing the methods that companies can use to establish a structured and rewarding methodology in the field of environmental, social and governance standards. The methodology of the ESG researcher proposal is based on identifying the main problems in the company, which include maintaining and consolidating a good relationship with the community in order to deal with external factors that may arise at any time. Companies need to adopt an effective methodology in this area, due to the increasing focus on environmental, social and governance standards. This methodology must address external factors, whatever the organization's circumstances, structure or governance structure. The term ESG standards holds great importance for companies today, although it is unfamiliar to many individuals.
Focusing on companies that plan for the future, they typically adopt a robust approach based on a structured ESG strategy, as they integrate ESG into their strategy by identifying, implementing and developing a range of relevant initiatives that are at the core of their corporate objectives. Companies that plan for the future are raising competitiveness, building a strong corporate citizenship framework that helps them address the significant challenges of which climate change is one. The researcher also touched on the top 10 ESG companies for year 2023.