O setor privado na governança ambiental: Pacto Global e princípios ESG como dimensões do poder instrumental.

Abstract

This work addresses the environmental issue in global governance and the role of the private sector in environmental governance. The effectiveness of environmental governance requires the collaboration of different actors, reflecting the complexity and interdependence of global environmental governance. The research aims to analyze the impact of private sector involvement in environmental governance through the Global Compact and the Environmental, Social, and Governance (ESG) initiatives. Through theoretical considerations of environmental governance, the role of the private sector and the forms of exercising this actor's power in this context were investigated, such as instrumental power. From an empirical point of view, the methodology employed was identifying three cases of complaints of non-compliance with international corporate governance guidelines, such as the Global Compact, among others. It was found that while the private sector contributes to environmental governance through initiatives and partnerships, it is essential to address potential conflicts of interest and ensure robust governance for ambitious results. Three interlinked constraints are highlighted: the absence of clear and rigorous standards, the lack of formal enforcement and enforcement controls, and the need to complement existing initiatives with regulatory control to strengthen the strength of corporate governance.