Improving the Quality of Corporate Governance with Reliance on ESG-Based HR Management

Abstract

This research aims to investigate the current international experiences and prospects for improving the quality of corporate governance with the support of ESG-based human resources (HR) management. The study employs regression analysis as a methodological framework to construct an econometric model illustrating the influence of ESG-based HR management on corporate governance quality. The model is developed based on international best practices and authoritative statistics, including the Global Green Growth Institute, WEF, ILO, and WIPO 2019–2021. The primary finding of this research indicates that prospects for enhancing the quality of corporate governance through ESG-based HR management are closely tied to the creation of green jobs based on ESG-based HR management. The theoretical significance lies in unveiling opportunities for improving the organization of jobs to unlock human potential. The practical significance is evident in the potential to enhance HR management practices by fostering green jobs, which the research demonstrates as highly attractive for businesses due to their significant contribution to improving corporate governance quality. The social significance of the author’s conclusions and recommendations is due to the fact that they open the possibility and form scientific and methodological support for the joint implementation of Sustainable Development Goal (SDG) 8 and SDG 12.