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- W4386774717 abstract "Considering the externalities created by economic activities, the acronym ESG represents the stimulus given to companies to implement measures that lead to positive impacts on environmental, social and governance aspects. State regulation does not impose compliance with ESG factors, preventing excessive interference in economic activity, but it has ensured that sustainability concerns are present in the businesses routine through nudges and incentives. In this regard, this paper presents the pioneering decree that regulates contracting with public administration in the state of Paraná, Brazil. Decree 10.086/2022 defines that the proposals that take into account the sustainability aspects, foreseeing sustainable practices and standards that can be implemented by companies, will be analyzed and serve as a selection criterion in contracting with the state government. Furthermore, considering that many of these companies are publicly traded, the financial market also drives compliance with these requirements, due to the demands of investors who will be attentive to this competitive differential. For companies, therefore, concerns about ESG factors also convert into greater economic value, especially in the long term, concluding that, in fact, purpose and profit are increasingly linked to each other." @default.
- W4386774717 created "2023-09-16" @default.
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- W4386774717 date "2023-01-01" @default.
- W4386774717 modified "2023-09-27" @default.
- W4386774717 title "Public Administration Ensuring Sustainable Companies by Leveraging ESG Criteria" @default.
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- W4386774717 doi "https://doi.org/10.1007/978-3-031-34436-7_29" @default.
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