PUBLIC-PRIVATE PARTNERSHIP IN ESG IMPLEMENTATION: OPPORTUNITIES AND CHALLENGES FOR SUSTAINABLE DEVELOPMENT
DOI:
https://doi.org/10.5281/zenodo.20736964Abstract
The increasing importance of sustainable development has encouraged governments and businesses
worldwide to adopt Environmental, Social, and Governance (ESG) principles as a strategic framework for responsible
growth. Public-private partnerships (PPPs) have emerged as an effective mechanism for promoting ESG implementation
by combining public sector regulatory capabilities with private sector innovation and investment capacity. This study
examines the role of PPPs in supporting ESG implementation and analyzes international practices relevant to sustainable
development. Using a qualitative research approach based on literature review and comparative analysis, the study identifies
key success factors associated with ESG-oriented partnerships. The findings indicate that effective collaboration between
governments and private enterprises contributes to improved environmental performance, social inclusion, governance
transparency, and long-term economic sustainability. The study also provides recommendations for strengthening PPP
mechanisms in emerging economies, particularly in the tourism and hospitality sectors.
Keywords
ESG, public-private partnership, sustainable development, environmental governance, social responsibility, corporate governance, hospitality industry, tourism sustainabilityReferences
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