Integrating ESG Elements into the Sustainability Practices of Tourism: A Systematic Literature Review

This study investigated the incorporation of Environmental, Social, and Governance (ESG) into sustainability practices within the tourism business through a systematic literature review (SLR). The tourism industry, which has a significant impact on the environment, is facing mounting pressures to implement sustainable practices. This study aims to gather current information on ESG practices, uncover emerging trends, and highlight areas that require further exploration. The study results showed that ESG initiatives in the tourism sector affect financial performance, operational efficiency, and sustainability outcomes. The research uncovered a growing focus on ESG practices, particularly since 2020, driven by regulatory requirements and evolving consumer preferences. Additionally, the incorporation of ESG elements differs about various types of businesses, and if are small and medium-sized enterprises (SMEs) encountering distinct challenges. The study concluded that, while ESG integration is crucial for aligning with global sustainability objectives, further efforts is necessary to address gaps, particularly in the context of SMEs and sector-specific ESG practices.