Integrating ESG Metrics With Ecosystem Services Valuation

Abstract

This study focuses on how to use environmental, social, and governance (ESG) metrics with ecosystem services valuation (ESV) in the realization of Sustainable Development Goals (SDGs). Sustainability is a demanding global challenge. The study illustrates that the current methods of ESG reporting might not capture the whole picture. Integrating these metrics with ecosystem services valuation (ESV) offers a more comprehensive way to assess a company's impact on sustainability. ESV assigns a monetary value to the natural resources a company interacts with, providing a clearer understanding of their environmental footprint. This combined approach can lead to more informed decision-making for a truly sustainable future. This research could contribute greatly to the necessary shift toward greater sustainability in business practices. The study could help make recommendations on a more efficient ESG reporting model by using ESV, which could help companies make better choices.