4: Conclusion

Global governance of corporate social conduct may advance corporate and financial social responsibility in the future. Based on stakeholder consensus, governance may set standards and support governments in subsidizing CSR frameworks that are backed up by institutional support. Global governance and stakeholder management on CSR standards in sync with universally agreed upon responsible finance principles may help corporate management to adopt social responsibility policies in business plans and financial asset management.

The implementation of sustainable finance should ideally be assisted by public and private efforts. Governments should provide information on societal challenges and advocate for the adoption of socially responsible corporate practices. The set-up of partnerships requires global governance to foster partnership-enhancing environments. In networking forums, multiple stakeholders can be encouraged to discuss social concerns and find consensus on commonly shared goals and network support. Regional initiatives can coordinate local action and govern the implementation of CSR.