Arthatama: Journal of Business Management and Accounting
Vol. 9 No. 1 (2025)

Optimizing ESG-Based TOD Implementation to Foster Inclusive and Sustainable Economic Growth

Muhammad Fadhil Athallah (Universitas Diponegoro, Indonesia)
Nefia Nur Fitri (Bintari Foundation, Indonesia)



Article Info

Publish Date
06 Jun 2025

Abstract

Transit-Oriented Development (TOD) serves as a tangible example of Environmental, Social, and Governance (ESG) implementation through integrated spatial planning approaches. This study explores the correlation between TOD and ESG principles in supporting inclusive and sustainable economic growth, particularly within the context of rapidly urbanizing cities in developing countries. Utilizing a Systematic Literature Review (SLR) method, the research examines various scholarly publications to assess both the potential and challenges of TOD aligned with ESG criteria. The findings indicate that ESG-based TOD can enhance land use efficiency, reduce environmental degradation, support social inclusion, and promote economic productivity. However, practical implementation often faces obstacles such as high investment requirements, the reduction of urban green spaces, and limited cross-sectoral coordination. In response to these challenges, this study proposes the Economic Environmental, Social, and Governance (EESG) framework to address the underrepresentation of economic dimensions in current ESG assessments. By integrating economic factors alongside environmental, social, and governance considerations, EESG-oriented TOD offers a comprehensive planning strategy to accelerate sustainable urban development in emerging economies.

Copyrights © 2025






Journal Info

Abbrev

art

Publisher

Subject

Economics, Econometrics & Finance

Description

The objective of the Arthatama is to promote the wide dissemination of the results of systematic scholarly inquiries into the broad field of business research. Arthatama accepts articles in any business management and accounting related subjects and any research methodology that meet the standards ...