作　者：肖红军
关键词：ESG；企业社会责任；可持续发展；嵌入性
摘　要：

研究ESG（环境、社会和治理）的深层逻辑对于深入认识ESG 和科学践行ESG具有重要意义。ESG 生成的逻辑链条是“企业与社会的双向嵌入→双向影响→企业ESG”，其出场价值在于弥补传统企业行为和主流投资方式的缺陷。ESG 构造不是ESG 组合观所认为的简单的平等元素组合，而是基于ESG 系统观对ESG 根本要义即理性可持续性的分解、整合、布局和协调。ESG 原动力处于价值与价值观的特定连续混合区间，呈现出价值观占优型非均衡驱动、偏价值观型均衡驱动、对称型均衡驱动、偏价值型均衡驱动和价值占优型非均衡驱动五种形态。ESG 实践的底层逻辑是对双向影响管理的议题化与机制化，ESG 信息披露在企业信息披露体系中处于“核心地位”，其过程机理可以刻画为“德弗勒互动过程模式”。ESG 生成、构造、原动力、实践、信息披露的逻辑呈现出层次性和一致性，可以通过整合根逻辑、核心逻辑主线、基础逻辑、应用逻辑形成一体化的ESG 逻辑框架。

 

Multidimensional Perspectives and Integrated Construction Of ESG Logic

Xiao Hongjun（Chinese Academy of Social Sciences）

Abstract The exploration of the fundamental logic underlying Environmental, Social and Governance (ESG) principles is pivotal for an in-depth understanding and scientific implementation of ESG practices. The logical framework governing ESG evolution follows the trajectory of "mutual embedding of corporations and society → bidirectional influences → corporate ESG outcomes". ESG's value proposition lies in its capacity to address the inherent shortcomings in traditional corporate practices and conventional investment models.The formulation of ESG is not a mere aggregation of equal components, as suggested by the portfolio view of ESG, but rather a systematic decomposition, integration, orchestration and coordination of its core essencerational sustainability—through an ESG systems approach. The driving forces of ESG are positioned within a continuum between values and value systems, manifesting in five distinct forms of influence: values-dominant, non-equilibrium driven; value-oriented, equilibrium driven; symmetrical equilibrium driven; values-oriented, equilibrium driven and values-dominant, non-equilibrium driven. The foundational logic of ESG practice centers on the thematic and mechanistic management of bidirectional interactions. ESG disclosure occupies a "central position" within corporate reporting frameworks, with its procedural dynamics conceptualized through the "DeFleur Interactive Process Model". The logical progression of ESG—from generation and construction to driving forces, practice and information disclosure—demonstrates both hierarchical depth and internal consistency, capable of being synthesized into a unified ESG logical framework through the integration of fundamental sources, core structures, basic requirements and practical applications.

Key words  ESG; corporate social responsibility; sustainability; embeddedness

 

■作者简介  肖红军，中国社会科学院工业经济研究所研究员，北京 100006。

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