Environmental Performance in Insurance Companies: The Role of Women

Abstract

This study aims to investigate the relationship between board gender diversity and environmental performance in European insurance companies. Through an analysis of 53 insurance companies listed in 14 European countries between 2011 and 2021, the empirical analysis presents a significant and positive relationship between board gender diversity and the environmental performance of insurance companies, especially in reducing emissions and increasing environmental innovations. Furthermore, external factors such as renewable energy consumption and forest area demonstrate a significant and positive moderating role in the connection between board gender diversity and environmental performance.