Does CSR Affect the Profitability and Valuation of Energy Companies? An Example from Poland

Zieliński, Mariusz; Jonek-Kowalska, Izabela

doi:10.3390/en14123668

Cited by 10 publications

(4 citation statements)

References 91 publications

(108 reference statements)

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“…Human safety risk is also one of the huge risks for energy companies [8]. Energy companies also belong to high-risk enterprises, where employees are often associated with energy use at work, and thus accidents sometimes occur, which not only damage the physical and mental health of employees, but also cause losses to corporate interests [9]. e state will carry out macro-control according to the actual economic situation, which will lead to market price fluctuations and eventually produce risks to energy marketing [10].…”

Section: Related Workmentioning

confidence: 99%

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Guang

Ruan

Dong

2022

Mathematical Problems in Engineering

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People’s daily life heavily depends on energy. The core business of electric power enterprises is commercial energy sales. In the daily work of power enterprises, energy marketing is the most important field which will directly affect the development of enterprises. Although national macro-control exists as a useful way to control the energy market, it also increases the risk of the energy market. Nowadays, the development of the energy market is affected with the adjustment of industrial structure. In the energy market, China’s power companies are state-owned enterprises and have their unique advantages for developing, but there are still some problems in risk awareness, which require us to take measures to control and prevent the impact risk.

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Section: Related Workmentioning

confidence: 99%

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Guang

Ruan

Dong

2022

Mathematical Problems in Engineering

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“…The study focuses on the detailed analysis of these companies and may be treated as a case study. This is a similar approach to some other studies on the subject (Kanda, Geissdoerfer and Hjelm, 2021;Rovanto and Bask, 2021;Zieliński and Jonek-Kowalska, 2021).…”

Section: Methodsmentioning

confidence: 70%

How “Circular” Is the Supply Chain? Study Case: Impact of the Corporate Social Responsibility on the Circular Economy Within the Power Energy Supply Chain

Dijmarescu¹

2022

New Trends in Sustainable Business and Consumption

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Sustainability has become a priority in global economic and business environment in the past two pandemic years. This challenge has showcased a lesson for social responsibility and sustainability of the supply chain, however had to reflect into circular economy as well. Achieving sustainability requires moving from a traditional linear Take-Make-Waste economy to a circular economy. It requires a fundamental shift behavior based on waste reduction. One of the major challenges for the energy sector are the increased prices and the power demand. Nonetheless the need to reduce the carbon emissions are struggling all the industries including the supply chain of power energy sector. The aim of this paper is to show raising awareness of the subject of the circular economy within the supply chain of the power energy sector and the role of the corporate social responsibility over it. The author conducted a study case in order to identify the precedence of the corporate social responsibility and the potential impact over the circular supply chain. The outcome has been graphically presented to understand the growing business case for sustainable solutions. Incorporating circular economy principles into the company strategies is key to support the sustainable growth for a multi-tiered sector as the power energy industry. The behavioral of the circular economy is not a simple change, it is about all of the intricated principles related to business sustainability and the social responsibility of the supply chain, the latter being requested by the power corporate company.

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“…The best results (the highest profitability ratios, the lowest level of loss of market value with the highest stability of profitability and stock market valuation) were achieved by a company that did not join the stock market index grouping socially responsible companies. Out of the four considered, Poland's largest power companies, PGE ranked third in terms of changes in profitability (ratios: ROE -Return on Equity, ROA -Return on Assets, ROS -Return on Sales) and second in terms of changes in the level of listing [102].…”

Section: The Opole Power Plant As Part Of Pgementioning

confidence: 99%

ESG Assessment from the Perspective of the Management Board and Trade Unions on the Example of the Opole Power Plant

Zieliński

Adamska

2022

Energies

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The Opole Power Plant is part of the PGE group (Polish Energy Group), the largest power company in Poland. It produces electricity from coal combustion, which means that ESG (environmental, social and corporate governance) policy should be one of the power plant’s strategic priorities. The article focuses on evaluating the ESG activities implemented by the power plant and their relation to the standards set at the corporation. The article’s primary hypothesis is that ESG activities are a significant element of the power plant’s strategy, with most of them determined by policies undertaken at the level of the PGE Group as a whole. The secondary hypotheses assume that trade union representatives attach greater importance (than management) to the social elements of ESG (H2) and that individual management representatives rate higher regarding the importance of those ESG areas for which they are personally responsible (H3). The research method used in the article consists of interviews conducted with representatives of the power plant’s board of directors responsible for individual areas of ESG activities and representatives of trade unions. In addition to groups of questions relating to corporate governance, the empirical material was organized from the perspective of power plant stakeholders. The results obtained support the acceptance of the first two hypotheses posed and the rejection of the third one.

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Does CSR Affect the Profitability and Valuation of Energy Companies? An Example from Poland

Cited by 10 publications

References 91 publications

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

Bayesian Network-Based Marketing Risk Warning Method for Integrated Energy Companies

How “Circular” Is the Supply Chain? Study Case: Impact of the Corporate Social Responsibility on the Circular Economy Within the Power Energy Supply Chain

ESG Assessment from the Perspective of the Management Board and Trade Unions on the Example of the Opole Power Plant

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