Higher expected returns for investors in the energy sector in Europe using an ESG strategy

Wanday, Julia; Zein, Samer

doi:10.3389/fenvs.2022.1031827

Cited by 8 publications

(4 citation statements)

References 110 publications

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“…In the article [13], Chodnicka-Jaworska analyzes the impact of ESG measures on credit ratings of the energy sector during the COVID-19 crisis. The purpose of Wanday and Ajour's research [14] is to investigate the impact of companies' ESG activities on investors' returns, using quantitative analysis of public companies' financial indicators using return on equity, return on assets, return on sales, return on investment, and using the SARIMA (Seasonal Autoregressive Integrated Moving Average) model to forecast revenues of companies. After controlling regional and industry effects, a positive relationship between ESG standards and investor returns was found.…”

Section: The International Monetary Fund (Imf)mentioning

confidence: 99%

A Comprehensive Analysis of the Best Practices in Applying Environmental, Social, and Governance Criteria within the Energy Sector

Zatonatska,

Soboliev,

Zatonatskiy

et al. 2024

Energies

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This article embarks on a crucial exploration of the implementation and integration of environmental, social, and governance (ESG) criteria within the energy sector of European countries, with the ultimate objective of refining the energy legislation in Ukraine. The research delves into the evolving role of ESG standards as a cornerstone in corporate strategy and investment, transitioned from its roots in socially responsible investing to a comprehensive framework that intertwines ethical, environmental, and governance considerations with financial analysis. The main thrust of the study is the following: firstly, it provides a panoramic overview of ESG applications within European energy projects, underscoring pivotal policies, strategies, and instances of successful ESG standard incorporation. Secondly, it benchmarks and compares ESG practices across Europe’s energy sector to distill best practices and their consequential trends and impacts. Lastly, this study converges these European insights to forge pragmatic recommendations for Ukraine’s energy legislation, aiming for an elevated integration of ESG standards that are in step with European benchmarks. The anticipated outcomes offer recommendations for enhancing Ukraine’s energy sector with robust ESG standards, proposing steps that align with the country’s newly adopted Energy Strategy 2050 and international sustainability goals.

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Section: The International Monetary Fund (Imf)mentioning

confidence: 99%

A Comprehensive Analysis of the Best Practices in Applying Environmental, Social, and Governance Criteria within the Energy Sector

Zatonatska,

Soboliev,

Zatonatskiy

et al. 2024

Energies

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“…There is growing interest among managers, investors, and customers in sustainable performance (Wanday and Zein 2022;Yang et al 2024;Jin et al 2024). As of April 2019, the Principles for Responsible Investment (PRI), supported by the United Nations (UN), had garnered the endorsement of more than 2300 investment management firms.…”

Section: Introductionmentioning

confidence: 99%

Impact of Firm-Specific and Macroeconomic Determinants on Environmental Expenditures: Empirical Evidence from Manufacturing Firms

Bagadeem,

Siddiqui,

Narula

et al. 2024

Economies

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This research aims to examine the association between firm-specific and macroeconomic determinants and environmental expenditures in the Indian manufacturing sector. Furthermore, it seeks to investigate the moderation effect of country-level governance and economic development on the association between macroeconomic, firm-specific, and environmental expenditures. The current study is based on 70 manufacturing firms for the period of 2011 to 2021. The dependent variable is environmental expenditures and the independent variables are firm-specific and microeconomic determinants. The results revealed that market capitalization and firm size have a positive and significant impact on environmental expenditures. On the other hand, inflation and the rule of law negatively and significantly affect environmental expenditures. Regarding the moderation effect, the results revealed that the rule of law and GDP positively moderate the association between inflation and environmental expenditures. Hence, this research has significant implications for corporate executives, financial experts, regulators, and other interested parties.

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“…Under the influence of global sustainability agreements, such as the Kyoto Protocol, the energy industry faces increasing pressure on sustainable development (Chodnicka-Jaworska, 2022;Deng, et al, 2022;Shen, et al, 2022;Wanday and Ajour El Zein, 2022). Especially in recent China, with the introduction of national policies including "carbon peaking and carbon neutrality" (Ju, et al, 2022), Chinese energy firms face severe sustainability challenges.…”

Section: Introductionmentioning

confidence: 99%

Corporate sustainability disclosure on social media and its difference from sustainability reports:Evidence from the energy sector

Zhong

Wang²

2023

Front. Environ. Sci.

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The purpose of this study is to examine the sustainability information that energy companies provide on social media and the relationship between that data and that which is shared in conventional sustainability reports. Based on stakeholder theory, we use a sample of Chinese A-share listed energy corporations in 2020 and refer to GRI G4 guidelines to conduct content analysis on their 17,451 tweets from the WeChat platform and 53 sustainability reports. The analysis results show the following: 1) both the sustainability disclosures of Chinese energy firms on WeChat platform and sustainability reports focus on investor and employee dimensions. Among them, the average proportion of investor dimension disclosure to total disclosure is 31.92% and 35.19% on social media and sustainability reports, respectively, and the average proportion of employee dimension disclosure is 27.22% and 17.92%, respectively. However, the two channels show a large difference in the environment and government dimensions. The average proportion of environment disclosure in sustainability reports is 13.44%, while on social media it is only 2.01%. Government disclosure in sustainability reports is 8.24% and as high as 20.43% on social media. (2) Chinese energy firms prefer to provide supplementary information on social media. For example, using the investor dimension as an example, the average proportion of non-GRI information on social media is 71.47%, while that of the sustainability report is only 48.56%. This study helps stakeholders to better understand sustainable information on social media.

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Higher expected returns for investors in the energy sector in Europe using an ESG strategy

Cited by 8 publications

References 110 publications

A Comprehensive Analysis of the Best Practices in Applying Environmental, Social, and Governance Criteria within the Energy Sector

A Comprehensive Analysis of the Best Practices in Applying Environmental, Social, and Governance Criteria within the Energy Sector

Impact of Firm-Specific and Macroeconomic Determinants on Environmental Expenditures: Empirical Evidence from Manufacturing Firms

Corporate sustainability disclosure on social media and its difference from sustainability reports:Evidence from the energy sector

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