ESG stands for environmental, social, and corporate governance.
Strength of codetermination is positively correlated with 'substantive' social responsibility policies such as the adoption of targets for reducing pollution.
Codetermination and ESG governance measures provide complementary, but differing approaches to broadening stakeholder representation in corporate governance.
Codetermination and ESG: Viable Alternatives to Shareholder Primacy?
Board-level codetermination: A driving force for corporate social responsibility in German companies?
Pierre J. Allegaert