Corporate corruption and fraud continue to pose a serious challenge to ESG performance and reporting. This literature review systematically examines and discusses what is known about the relationship between ESG and corruption risks. Following the PRISMA guidelines, we reviewed 87 articles published in the Scopus and Web of Science databases. Our analysis groups the findings into three themes: (1) corporate fraud risk management and ethics disclosure, (2) political connections and corporate performance, and (3) organizational culture, leadership, and corruption. Furthermore, to support organizations in mitigating ESG‐related corruption risks, we propose two frameworks drawing on the COSO ERM framework and aligned with international sustainability standards. In addition, an integrative framework highlights the pivotal role of internal auditing in strengthening ESG assurance and corruption prevention based on the Plan‐Do‐Check‐Act cycle. This study offers actionable insights for researchers and practitioners seeking to improve ESG practices and curb corruption.
Slimane Ed-dafali, J. Ferreira, Ibtissam El‐Ghaylany et al.· Corporate Social Responsibil...· 0 citations
This study examines the relationship between environmental, social, and governance (ESG) performance and firm value in the global energy sector, with a focus on the moderating effects of national culture and green innovation. It analyzes 1960 firm‐year observations from publicly traded energy companies in 35 countries from 2014 to 2023. Results show that ESG performance is positively associated with accounting‐based performance, while its impact on market valuation is limited. National culture plays a significant role: individualism enhances the financial benefits of ESG, whereas power distance and uncertainty avoidance reduce them. Green innovation improves operational performance but does not strengthen the ESG–firm value link, likely because of the short‐term costs of implementation and adjustment. The findings underscore the critical role of institutional context and organizational capabilities in driving value through sustainability initiatives in the energy sector. These results hold consistently across ESG measures, subsample analyses, and endogeneity tests.
Atar Derj, Adil Bami, Slimane Ed-dafali et al.· Corporate Social Responsibil...· 0 citations