International Research Journal of Business Studies
Vol. 19 No. 1 (2026): April - July (Issue in Progress)

Mapping The Shifting Trends in ESG Research Across Countries, Pillars, and Industries

Agnes Monica Sihotang (School of Business, IPB University, Jl. Raya Pajajaran Bogor Jawa Barat 16128)
Arif Imam Suroso (School of Business, IPB University, Jl. Raya Pajajaran Bogor Jawa Barat 16128)
Suhendi Suhendi (School of Business, IPB University, Jl. Raya Pajajaran Bogor Jawa Barat 16128)



Article Info

Publish Date
03 Jun 2026

Abstract

This study conducts a Systematic Literature Review (SLR) of Environmental, Social, and Governance (ESG) research published between January 2015 - June 2025. Using the PRISMA 2020 protocol, 129 Scopus-indexed articles were analyzed through thematic mapping and bibliometric visualization. The analysis shows that ESG research remains geographically concentrated in developed economies such as China, the United States, and Europe, while contributions from emerging markets are still limited. Thematic patterns indicate an evolution from an early emphasis on environmental concerns to heightened attention on social issues during the COVID-19 pandemic. It is also followed by a growing focus on governance and integrated approaches in recent years. Sectoral industries perspectives reveal that most studies adopt a cross-industry orientation with particular attention given to banking and technology. Meanwhile, industries that play central role to developing countries remain largely overlooked. These findings emphasize the importance of broadening geographical coverage and sectoral depth to enhance both theoretical contributions and policy relevance in ESG research.

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to ...