The role of environmental social and governance in achieving sustainable development goals: evidence from ASEAN countries
Аннотация
Recently, sustainable development goals (SDGs) have become an international requirement that needs to be achieved and requires the focus of recent literature and regulation authorities. Thus, the current article investigates the impact of environmental, social, and governance (ESG) and economic growth on the SDG of ASEAN countries. The current study has extracted secondary data from secondary sources such as SDGs reports and world development indicators (WDI) from 1986 to 2020. The present study has used the Panel Autoregressive Distributed Lag (ARDL) to test the linkage among the variables. The results highlighted that the environmental score, social score, governance score, and economic growth positively associated with the ASEAN countries' SDGs. The current article provides help to new researchers while conducting research on achieving SDGs and guides policymakers while establishing policies regarding achieving the SDGs through ESG.