Corporate Governance and Corporate Sustainability Performance: A Systematic Literature Review

The Sustainable Development Goals have set a new global standard for sustainability, requiring significant corporate involvement through the adoption of sustainable practices. Corporate Governance (CG) is acknowledged as a crucial factor influencing Corporate Sustainability Performance (CSP). This paper aims to identify research gaps in the CG-CSP area through a systematic review of literature based on articles indexed in Scopus from 1993 to 2022. A total of ninety-four articles that examine CG as a predictor of CSP were selected and analysed using content analysis. The findings indicate that research on CG-CSP has increased in recent years, leading to the development of a conceptual framework highlighting existing research and revealing gaps in research methodologies and CG elements that influence CSP. Future studies should focus on utilising qualitative or mixed-method approaches and investigating the behavioural aspects of various corporate governance stakeholders.