ESG RISK ANALYSIS AND PREPAREDNESS OF COMPANIES IN THE CZECH REPUBLIC
DANIEL MACEK, STANISLAV VITÁSEK
Abstract:
This study examines the integration of Environmental, Social, and Governance (ESG) principles into the strategies of companies in the Czech Republic, a region where ESG considerations are increasingly influencing investment decisions and corporate governance. As global sustainability concerns gain momentum, Czech companies face growing scrutiny from investors, regulators, and stakeholders. This research aims to assess the current state of ESG risk analysis and evaluate the readiness of these companies to address the challenges posed by environmental stewardship, social responsibility, and governance effectiveness. To achieve this, the study employs a mixed-methods approach, combining qualitative data from semi-structured interviews with industry experts, corporate leaders, and regulatory authorities, and quantitative data from a survey distributed to a representative sample of companies across various sectors in the Czech Republic. The qualitative interviews provide in-depth insights into the challenges and strategies surrounding ESG integration, while the quantitative survey assesses the extent of ESG adoption, identifies key risk areas, and evaluates companies’ preparedness to tackle these issues. Data analysis includes thematic analysis of interview transcripts and statistical analysis of survey responses, offering a comprehensive view of ESG practices in the Czech business landscape. The findings reveal both best practices and areas needing improvement, providing valuable insights for stakeholders committed to enhancing corporate sustainability. This study contributes to the broader discourse on ESG by highlighting the evolving role of these factors in shaping corporate resilience, innovation, and long-term value creation in the Czech Republic, ultimately promoting a more sustainable and responsible business environment.
Keywords:
environmental; ESG; governance; social; risk analysis
DOI: 10.52950/ES.2024.13.2.003
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APA citation:
DANIEL MACEK, STANISLAV VITÁSEK (2024). ESG risk analysis and preparedness of companies in the Czech Republic. International Journal of Economic Sciences, Vol. XIII(2), pp. 38-54. , DOI: 10.52950/ES.2024.13.2.003
Data:
Received: 17 Aug 2024
Revised: 13 Oct 2024
Accepted: 1 Nov 2024
Published: 15 Nov 2024
Copyright © 2024, Daniel Macek et al, daniel.macek@fsv.cvut.cz