A Multidimensional Assessment of ESG Integration Through Factor Loading Analysis

DOI

10.2991/978-2-38476-559-1_3How to use a DOI?

Keywords

ESG Integration; Sustainable Performance; Sustainable Growth; Corporate Excellence; Factor Loading; S&P Global CSA

Abstract

This study investigates Environmental, Social, and Governance (ESG) integration as a multidimensional construct within the Indian corporate context, using industry leaders as benchmarks. Drawing on S&P Global Corporate Sustainability Assessment (CSA) data, the research evaluates Mahindra & Mahindra Ltd., Vedanta Ltd., Dr. Reddy’s Laboratories Ltd., and JSW Steel Ltd., representing the automobile, metals and mining, pharmaceutical, and steel industries, respectively. Composite indices—Sustainable Performance, Sustainable Growth, and Corporate Excellence—were constructed to operationalize ESG integration, and factor loading analysis was applied to validate ESG as a latent construct. The results reveal that environmental (loading = 0.999) and social (loading = 0.910) dimensions exert the strongest influence on ESG integration, while governance (loading = 0.740) demonstrates a moderate yet significant role. Among the composites, Sustainable Performance (0.987) and Sustainable Growth (0.969) exhibited higher contributions compared to Corporate Excellence (0.862). These findings suggest that ESG adoption in India is transitioning from governance-driven compliance to integrated strategies that balance environmental stewardship and social responsibility. The study provides actionable insights for corporate managers, policymakers, and investors, emphasizing the need for holistic ESG practices that enhance sustainability, resilience, and stakeholder trust in emerging economies.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Heera B. Sanjay
AU  - Batani Raghavendra Rao
PY  - 2026
DA  - 2026/04/19
TI  - A Multidimensional Assessment of ESG Integration Through Factor Loading Analysis
BT  - Proceedings of the Global Innovation and Technology Summit “AAROHAN 3.0”_HSS track (GITS-HSS 2025)
PB  - Atlantis Press
SP  - 16
EP  - 36
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-559-1_3
DO  - 10.2991/978-2-38476-559-1_3
ID  - Sanjay2026
ER  -