Abstract
This study examines the evolving role of Environmental, Social, and Governance (ESG) principles, with particular emphasis on the “contractualization” of ESG commitments as legally binding obligations within commercial contracts. It further evaluates commercial arbitration as an effective dispute resolution mechanism, highlighting its flexibility, technical expertise, and capacity for cross-border enforcement. Drawing on international experience and the legal context in Vietnam, the analysis identifies emerging trends in ESG-related disputes and the growing significance of private enforcement mechanisms in ensuring compliance. Overall, the study provides a comprehensive perspective on the legal and institutional dynamics shaping ESG governance in contemporary commercial practice.
