ESG as a concept is intended to make CSR measurable and to include aspects of CG in the evaluation. Accordingly, reference is made to the three-tier ESG assessment based on environmental, social, and governance criteria. ESG factors can therefore be used to examine whether a social and ecological orientation can also improve company performance or reduce risk. The definition of the governance (G) dimension in ESG is based on the continental European perspective, which is to be applied to a broader range of stakeholders. The approach pursued here is that CSR and CG complement each other and share commonalities due to their underlying topics, and are thus combined under the term ESG in this work.