Article navigation
Purpose

The purpose of this paper was to investigate the factors impacting the trajectory of the Sustainable Development Goals (SDGs), focussing on the effect of environmental, social and governance (ESG) practices, socially responsible investment (SRI), corporate social responsibility (CSR) and green finance (GF). This was done with a prime focus on its integrated framework, including its antecedents, consequences, topic modelling and future directions.

Design/methodology/approach

The systematic review was based on 505 documents published in the Scopus database from 1975 to 2023. The authors applied VOSviewer for network visualization and topic modelling for content analysis. The study unveiled intricate connections and patterns within SDG’s pillars (ESG, SRI, CSR and GF). The integrated framework was designed based on antecedents, mediators, moderators, control variables and consequences. The authors also employed Latent Dirichlet allocation (LDA) for topic modelling.

Findings

The authors in this study elucidated the complex network of relationships, influences and impacts that would help realize the SDGs through its pivotal pillars. In order to gain a deeper understanding of the advancements made in achieving the SDGs, it was imperative to investigate the factors that served as the foundation for this progress. Organizations that emphasized ESG and CSR practices achieved financial success and demonstrated their commitment to social and environmental responsibility. SRI and GF emerged as catalysts for change at the convergence of financial practices and sustainability principles. SRI and GF could pursue economic sustainability through social and environmental gains.

Originality/value

Through a comprehensive exploration, the authors in this study elucidated how these interconnected domains were anchored in responsible business and investment practices. The integrated framework thus linked several disconnected theoretical fragments based on a systematic review. Furthermore, LDA and topic modelling mapped the SDGs’ influence, progress and realization.

Licensed re-use rights only
You do not currently have access to this content.
Don't already have an account? Register

Purchased this content as a guest? Enter your email address to restore access.

Pay-Per-View Access
$39.00
Rental

or Create an Account

Close Modal
Close Modal