Markopoulos, E;
Kirane, IS;
Gann, EL;
Vanharanta, H;
(2020)
A Democratic, Green Ocean Management Framework for Environmental, Social and Governance (ESG) Compliance.
In: Ahram, T and Taiar, R and Gremeaux-Bader, V and Aminian, K, (eds.)
Human Interaction, Emerging Technologies and Future Applications II: Proceedings of the 2nd International Conference on Human Interaction and Emerging Technologies: Future Applications (IHIET – AI 2020), April 23-25, 2020, Lausanne, Switzerland.
(pp. pp. 21-33).
Springer: Cham, Switzerland.
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Abstract
In a dynamic and ever changing business landscape organizational sustainability is defined and redefined according to the socioeconomic challenges. This paper presents a practical framework that can significantly support organizational efforts on approaching, achieving, sustaining and improving its environmental, social and governance (ESG) strategies, objectives, and targets. The proposed framework, referred to as DESGGO (Democratic ESG Green Ocean) is based on the Company Democracy Model (CDM), covering the ESG governance elements/factors. Furthermore, the paper introduces a synergetic relationship between Corporate Social Responsibility (CSR) and ESG indicating the evolution of an organization to extend from applying outstanding governance practices, which lead to Blue Oceans, into outstanding social and environmental practices which lead to Green Oceans. The paper analyses the main ESG criteria per category and maps them on the DESGGO, six ESG and CSR progression levels moving the organization from Red to Green Oceans by adapting ESG practices.
| Type: | Proceedings paper |
|---|---|
| Title: | A Democratic, Green Ocean Management Framework for Environmental, Social and Governance (ESG) Compliance |
| Event: | 2nd International Conference on Human Interaction and Emerging Technologies: Future Applications (IHIET – AI 2020) |
| ISBN-13: | 978-3-030-44266-8 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-030-44267-5_4 |
| Publisher version: | https://doi.org/10.1007/978-3-030-44267-5_4 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Innovation, Green Ocean, Red ocean, Blue Ocean, Ethics, Sustainability, Governance, Democracy, CSR, Management |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10120918 |
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