Researcher ORCID Identifier

Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts


Environment, Economics, and Politics (EEP)

Reader 1

Murat Binay

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Bryce P DesJardins


This paper explores the complex dynamics of corporate decision-making within the Environmental, Social, and Governance (ESG) framework, juxtaposing traditional shareholder theory with the evolving stakeholder theory. It critically examines the challenges and inconsistencies in ESG ratings, the influence of governmental policies, and the evolving trends in investor behavior towards sustainable and ethical practices. Additionally, the paper delves into the impact of societal demands and geographical factors on corporate strategies. Through a series of hypotheses, it predicts future trends in corporate decision-making in relation to ESG, considering variables such as firm size, industry dynamics, and location. The findings suggest that firms will begin to make ESG decisions to stay competitive in the modern market, however, these decisions must be individualized to meet internal and external firm risk factors.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.