Sustainable development is crucial for the competitive advantage of industries. However, implementing this business model faces challenges that can impact its integration and compromise the adoption of actions to address environmental, social, and governance (ESG) issues that are of interest to stakeholders. To date, no in-depth study has presented the relationship between ESG issues and practical actions employed for sustainable development in companies within the Latin American context. Therefore, this article aims to evaluate the relationships between the main ESG issues and the actions applied to develop this theme in the Latin American industrial context, highlighting the main barriers, opportunities, and implications for this integration. As a methodology, a documentary analysis of 79 reports from Brazil, Peru, Mexico, Chile, Colombia, and Argentina was conducted using the content analysis method. This analysis highlighted central concerns such as climate change, water management, waste management, biodiversity, local communities, diversity, and inclusion. Additionally, a trend of ESG thematic dissemination was identified, which is in an early stage of maturity and lacks studies to quantify and diagnose the environmental impacts of Latin American industries. These findings directly impact the empirical evidence of how the Latin American industry is neglecting social issues, is still developing studies to quantify its environmental impacts, and strongly adheres to the concept and theme of ESG. The conclusions of this study highlight three main points: (i) From 2018 to 2022, 47% of material topics were related to at least one ESG pillar, with a predominance of the environmental dimension, (ii) there was a trend of increased adherence to ESG and improvements in the materiality of reports, and (iii) it is recommended to enhance indicators, accelerate the sustainable transition, and integrate ESG themes into supplier selection and workplace safety to strengthen sustainability practices in Latin American companies.
Under the Paris Agreement, the responsibility for reducing greenhouse gas emissions lies with individual countries, which submit pledges to the United Nations Framework Convention on Climate Change (UNFCCC) outlining their ambitions and timelines for emission reductions. Within countries, emissions are unevenly distributed among individuals, with the wealthy known to emit disproportionately more. Since greenhouse gas emissions represent a social cost, this paper investigates the economic implications of the lifestyles of the wealthy. The social cost of carbon (SCC) attributed to millionaires—defined based on their assets, including property—is calculated using national emissions data, distributional data, and SCC assessments for both historical (1990–2022) and future periods (2023–2050). The results suggest that only 1.3% of the global SCC, estimated at US$8.7 trillion, was covered by any form of carbon pricing in 2022. Of this amount, 16.5% (US$1.4 trillion) is attributable to millionaires, who represent just 0.8% of the world's population. The most cost-effective climate policy would be to internalize the SCC, ensuring that the carbon price is equal to the SCC. If the SCC remains externalized, the wealthiest individuals could benefit by an estimated US$25.1 trillion over the period from 2023 to 2050. Other market-based mechanisms will be necessary to curb the carbon-intensive consumption patterns of the wealthy.
The issue of sustainable food production has become increasingly important in recent years, starting from Sustainable Development Goals in 2015, moving through important events like Farm to Fork strategy up until the United Nations Food System Summit in 2021. The wine industry also, as a niche of the agri-food sector, has been influenced by this change, but despite its economic and cultural value, its sustainability issues have not been sufficiently explored by academia. The present research expands the debate on environmental sustainability in the wine industry by observing how management academia has addressed this topic over the last twelve years, defining the state of the art of a quite new and unexplored topic. The research has been structured as a systematic literature review of academic papers from 2009 till the first half of 2022. This methodology provides a clear overview of sustainable management practices, effective and potential, throughout the entire agri-food wine production process.
The papers identified are categorized and divided into major (most recurrent) and secondary topics, according to the prevalence criterion.
The findings and discussion section provides an in-depth description and analysis of each category, as well as research gaps identification and possible academic issues. Since it was not possible to find similar works, this research would like to be seen as an opportunity to develop the research on environmental sustainability in the wine industry and align the interest of academia and wine stakeholders defining the path for future research.