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Reforming ESG: a European and Global South perspective

Simone Borghesi et al.

Environment and Development Economics2025https://doi.org/10.1017/s1355770x24000366article
AJG 2ABDC B
Weight
0.52

Abstract

The EU's non-financial reporting (NFR) regulations have significant impacts on Global South stakeholders, firms that must report, actors lower in the value chain, and organisations seeking investment from NFR-compliant firms or institutions. This paper sets forth six proposals to improve the global equity and sustainability implications of the EU's NFR from a Global South perspective. The proposals involve (1) developing regulation cooperatively with the Global South; (2) streamlining reporting to enable the regulations to have real effects and limit incorrect accounting; (3) digitalising reporting through accessible technologies for greater accountability and lower administrative burdens; (4) mandating scope 3 emissions accounting and incentivising related investment; (5) anchoring financial institutions' role in ethical investment and bridging Northern and Southern actors; and (6) strengthening citizen data and sustainability literacy to close the circle of incentives, implementation, and impact.

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https://doi.org/https://doi.org/10.1017/s1355770x24000366

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@article{simone2025,
  title        = {{Reforming ESG: a European and Global South perspective}},
  author       = {Simone Borghesi et al.},
  journal      = {Environment and Development Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1017/s1355770x24000366},
}

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Reforming ESG: a European and Global South perspective

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Evidence weight

0.52

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.47 × 0.4 = 0.19
M · momentum0.68 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.