Model of Corporate Sustainability Drivers through Business Lifecycle
Ilze Zumente, Riga Technical University, Latvia
The Thesis examines the state of ESG practices in the CEE region, with a focus on the Baltic countries. It outlines the status quo in ESG implementation and compliance with standards and summarises ESG drivers and barriers. The relationship between higher ESG implementation and shareholder value is examined. Subsequently, the factors affecting ESG adoption are determined based on expert surveys and literature review. Finally, an innovative approach is applied to determining the relevant ESG drivers across corporate life cycle stages using the Analytic Hierarchy Process. The findings illustrate that different sets of drivers have an impact on ESG enactment decisions at different life cycle stages.