| Summary: | Considering the global state of the current economy we can notice a slowdown across both
developed and developing countries, most of them facing the risk of recession.
This paper aims to explore the intersection of ESG, and the pressing challenges confronting the
global economy. The article will emphasize the significance and urgency of addressing these
challenges to foster sustainable growth and resilience. The study seeks to analyze potential benefits
that the integration of ESG norms can bring to the global economy and highlight the reasons why it
has become so crucial. The research methods employed provide an overview of the key issues with
the greatest impact that are shaping the present global economy as well as how ESG - Environmental,
Social, and Governance factors have emerged as catalysts for change by mitigating risks,
capitalizing on opportunities, and driving long-term value. The findings of this study serve as a
foundation for developing more viable and resilient practices, enabling informed decision-making,
and ensuring the long-term sustainable growth of the global economy overall.
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