Driving ESG Forward: ESG Consulting Expert Quang Nguyen Unpacks the Keys to Sustainable Business Success
- Star Consulting Team
- Apr 8
- 3 min read
At Star Consulting, we are proud to spotlight the thought leadership of our team members who are shaping the future of responsible business. One such example is Quang Nguyen, our ESG consultant, whose research paper, published in Asia-Pacific Economic Review (August 2024 edition, ISSN 0868-3808), continues to resonate with business leaders navigating the growing demands of sustainability.
Quang’s article, “Environmental, Social and Governance (ESG) Standards and the Theoretical Basis of Factors Affecting Implementation in Enterprises”, explores the increasing pressure on businesses to adopt ESG frameworks in response to global sustainability mandates, consumer expectations, and shifting regulatory landscapes. But more than that, his paper poses the critical question: What factors actually influence how effectively ESG strategies are implemented — and how do they impact financial performance?
Key Insights from Quang's Research
Quang identifies a range of internal and external factors that determine ESG success:
Board ESG Orientation: Leadership’s awareness and prioritization of ESG have a tangible impact on strategy execution — though in the Vietnamese context, Quang notes that knowledge and guidance from regulatory bodies may be more influential than perception alone.
Gender Diversity on the Board: Diversity isn’t just ethical — it’s strategic. Quang’s paper highlights strong evidence linking increased female representation in governance with more proactive and transparent ESG reporting.
Financial Literacy of the Board: Financial acumen in the boardroom correlates with improved ESG disclosure quality, as it enables more rigorous oversight of both financial and non-financial reporting.
Level of National Economic Development: The capacity and willingness of businesses to implement ESG varies significantly between developed and developing economies — with resource constraints and differing investor priorities playing a critical role in emerging markets like Vietnam.
Stakeholder Pressure: Investors, consumers, employees, and regulators are demanding greater transparency and accountability. Companies that embrace this shift are not only more resilient but often outperform their peers.
A Roadmap for Business Leaders
Quang’s work urges Vietnamese enterprises to take a holistic and data-informed approach to ESG — not simply for compliance, but for long-term viability. His research makes a compelling case for why ESG should not be seen as a cost, but rather as a driver of value creation.
Looking ahead, Quang is committed to expanding this research with real-world data, supporting businesses in building robust ESG strategies that reflect both global standards and local realities.
About the Author - Quang Nguyen, An Expert in ESG Consulting
Quang Nguyen (Nguyen Minh Quang) is a consultant at Star Consulting specializing in ESG strategy, sustainability reporting, and market insights along with strategy development. With a passion for responsible growth and inclusive business practices, he brings academic rigor and practical insight to every client engagement.
Looking to kickstart or elevate your ESG strategy?
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With deep expertise and a practical understanding of the Vietnamese market, our team is committed to helping your business turn ESG into a real competitive advantage — driving long-term value for both your company and the broader community.
📩 Contact Star Consulting today to explore how we can support your ESG transformation and build a future-ready enterprise via our email info@starconsulting.com.vn
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