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Implementing ESG Strategy for Sustainable Value Creation: Governance, Stakeholder Engagement, and Budgetary Alignment

Authors

Rokibul Hasan Chowdhury

MBA Aspirant, NTI International University and College (Malaysia)

Dr. Farzana Nazera

Program Leader, Spectrum International University College (Malaysia)

Dr. Mohamed Kaisarul Haq

Adjunct Professor, Cape Breton University, Canada; & Spectrum International University College (Malaysia)

Article Information

DOI: 10.47772/IJRISS.2026.10100536

Subject Category: Management

Volume/Issue: 10/1 | Page No: 6961-6967

Publication Timeline

Submitted: 2026-01-31

Accepted: 2026-02-05

Published: 2026-02-17

Abstract

Implementing Environmental, Social, and Governance (ESG) strategies effectively continues to be a significant challenge for companies despite increasing regulatory and stakeholder demands. This paper outlines a structured framework for implementing ESG, focusing on governance oversight, stakeholder engagement, risk management, and budgetary alignment. The study shows how established practices in ESG implementation and governance theory can turn ESG commitments into tangible results by using policy design, setting measurable targets, documenting transparently, and planning financially. The research findings emphasize governance as the key enabler that combines environmental and social goals into the company's strategic planning process, thereby ensuring accountability, trust, and long-term business sustainability.

Keywords

ESG implementation; corporate governance; stakeholder engagement; sustainable strategy

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References

1. Directory, S. (2025) ESG implementation framework → Term. Available at: https://pollution.sustainability-directory.com/term/esg-implementation-framework/ (Accessed: 19 October 2025). [Google Scholar] [Crossref]

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3. ESG KPI examples (no date) ‘25 ESG key performance indicators for environmental, social, and governance reporting.’ Available at: https://www.tekmon.com/25-esg-kpi-examples (Accessed: 19 October 2025). [Google Scholar] [Crossref]

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