Abstract
Abstract: Environmental, social, and governance (ESG) approaches have become increasingly relevant for corporate projects in recent years, reflecting growing international trends toward sustainability and responsible business practices. In Uzbekistan, this process is gaining momentum as businesses, government bodies, and stakeholders recognize the long-term benefits and necessities of integrating ESG principles into project management and corporate strategy. The growing emphasis on such approaches has led to both new opportunities and unique challenges within the Uzbek business context. Examining the drivers and barriers to ESG implementation in Uzbekistan’s corporate sector illuminates crucial aspects for stakeholders, managers, and policymakers aiming to navigate the evolving landscape of sustainable development.
References
1. Camilleri, M.A. (2015). "Corporate Sustainability and Responsibility: Creating Value for Business, Society and the Environment," Asian Journal of Sustainability and Social Responsibility, 1(1), 59-74.
2. Eccles, R.G., Ioannou, I., & Serafeim, G. (2014). "The Impact of Corporate Sustainability on Organizational Processes and Performance," Management Science, 60(11), 2835-2857.
3. Friede, G., Busch, T., & Bassen, A. (2015). "ESG and financial performance: Aggregated evidence from more than 2000 empirical studies," Journal of Sustainable Finance & Investment, 5(4), 210-233.
4. World Bank (2020). "Uzbekistan: Country Environmental Analysis." The World Bank Group.
5. United Nations Development Programme (UNDP) Uzbekistan (2022). "Sustainable Development Goals Progress Report."
6. Ghosh, A. (2019). "Environmental, Social, and Governance (ESG): An Emerging Dimension of Corporate Governance," Global Corporate Governance Guide, 148-167.
7. Organisation for Economic Co-operation and Development (OECD) (2019). "Business Responsibility and Corporate Governance in Uzbekistan." OECD Publishing.