Proceedings of The 7th International Conference on Applied Research in Management, Business and Economics
Year: 2023
DOI:
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Organization Development’s Role in Environmental, Social, And Governance (ESG) Sustainability in The Private Organizations
Karmela Palma
ABSTRACT:
In recent years, there has been a growing interest in the implementation of Environmental, Social, and Governance (ESG) frameworks in private organizations. The COVID-19 pandemic and increasing global environmental concerns have further highlighted the importance of ESG practices in businesses. To be effective, the development and maintenance of ESG implementation require specific organizational functions. One such function is the Organization Development (OD).
The role of the OD in sustaining ESG implementation in private organizations was analyzed in this study. Qualitative research was conducted, which included interviews with OD practitioners to understand their role and challenges in maintaining ESG programs and initiatives. The study found that OD practitioners have low participation in managing ESG programs, initiatives, and indicators. However, the study also revealed that the OD function is crucial for the development, monitoring, and evaluation of ESG implementation in private organizations.
In essence, the study highlights the importance of the OD function in ensuring the success of ESG implementation in private organizations. With their expertise in organizational development, OD practitioners can contribute significantly to the development, implementation, and evaluation of ESG initiatives. Therefore, private organizations should involve their OD departments in ESG implementation to ensure that they are sustainable, effective, and aligned with their organizational goals.
Keywords: Environmental Social, and Governance (ESG), Organization Development, Private Sector, Sustainability, Social Responsibility