Environmental, social, and governance factor and financial returns: what is the relationship? Investigating environmental, social, and governance factor models

Bax, Karoline; Broccardo, Eleonora; Paterlini, Sandra

doi:10.1016/j.cosust.2023.101398

Current Opinion in Environmental Sustainability

2024

DOI: 10.1016/j.cosust.2023.101398

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Environmental, social, and governance factor and financial returns: what is the relationship? Investigating environmental, social, and governance factor models

Karoline Bax,

Eleonora Broccardo,

Sandra Paterlini

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2024

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Cited by 2 publications

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Editorial overview: Climate finance, risks, and accounting

Carè,

Lehner,

Weber

2024

Current Opinion in Environmental Sustainability

View full text Add to dashboard Cite

Editorial overview: Climate finance, risks, and accounting

Carè,

Lehner,

Weber

2024

Current Opinion in Environmental Sustainability

View full text Add to dashboard Cite

Impact of the environmental ESG pillar on firm sustainability: Empirical research in the V4 countries

Kubalek,

Erben,

Kudej

2024

Journal of International Studies

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The research aimed to define the impact of the environmental pillar of ESG principles on the sustainability of firms in the V4 region and quantify the impact of certain factors on the perception of firms’ sustainability. To this end, a questionnaire survey on the attitudes of managers and business owners was conducted in February 2024 in the Czech Republic, Slovakia, Poland and Hungary. Data were collected using the Computer Assisted Web Interviewing (CAWI) research method. The distribution of respondents by country was as follows: there were 338 respondents from the Czech Republic, 349 from Poland, 312 from Slovakia and 321 from Hungary. Correlation analysis and linear regression analysis were used to test the scientific hypotheses. The results suggest that firms that focus on the environmental education of employees, use green practices, provide truthful information about environmental impacts, and spend adequate costs on environmental protection are more likely to achieve sustainable growth. On the other hand, there appears to be no affect on corporate sustainability from policies pertaining to managing the company in accordance with specific regulations, minimising the environmental impacts of business activities, intensively addressing the energy efficiency of company buildings, and using renewable energy sources. In conclusion, firms in the V4 countries focus on that aspects of Pillar E that affect sustainable growth but do not significantly increase costs or increase the overall complexity of processes.

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Environmental, social, and governance factor and financial returns: what is the relationship? Investigating environmental, social, and governance factor models

Cited by 2 publications

References 36 publications

Editorial overview: Climate finance, risks, and accounting

Editorial overview: Climate finance, risks, and accounting

Impact of the environmental ESG pillar on firm sustainability: Empirical research in the V4 countries

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