Cultural Dynamics of ESG Performance: Economic Implications and Social Transformations in Six Decades of European Analysis
This interdisciplinary study navigates the confluence of culture, economy, and regulatory governance by exploring the implications of Environmental, Social, and Governance (ESG) criteria in Europe's socio-economic landscape from 1960 to 2021. Utilizing World Bank data, the analysis transcends traditional economic inquiry, delving into the cultural ethos that underpins economic stability, governance, and sustainability practices. By dissecting historical trends and their societal correlations, this research illuminates the nuanced interplay between financial well-being, societal welfare, and cultural paradigms. The findings reveal significant economic and social challenges, concurrently presenting opportunities that shape policy, investment strategies, and cultural practices towards sustainable development. This scrutiny not only underscores the economic necessity of robust ESG performance but also advocates for culturally integrated approaches that bolster societal resilience and economic vibrancy in the face of global uncertainties. The study contributes to bridging the discourse across cultural studies, economic sociology, and policy analysis, emphasizing the indispensable role of cultural economy in forging sustainable futures.
National Social Science Foundation of China (Grants Number 21BGL183) and Fundamental Research Funds for the Central Universities (Grant Number SK2022130).