Relating Environmental, Social, and Governance scores and sustainability performances of firms: An empirical analysis

Rajesh, R.; Rajendran, Chandrasekharan

doi:10.1002/bse.2429

Cited by 124 publications

(76 citation statements)

References 84 publications

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“…To test the moderating role of industry in H4, we add the interaction between the interlocks measure and a dummy variable indicating if firms belong to the more environmentally impacting industries ( More Environmentally Impacting ) to our model. Moderation is widely used in environmental studies, such as Cordeiro et al (2020); Qureshi et al (2020); Rajesh and Rajendran (2020); Ren, He, Zhang, and Chen (2019); Wijethilake and Upadhaya (2020). Thus, our model becomes the following:

italicGHG {Emissons Intensity}_{it} = β_{0} + β_{1} {Interlock Measure}_{it} + β_{2} {More Environmentally Impacting}_{i} + + β_{3} {Interlock Measure}_{it} * {More Environmentally Impacting}_{i} + β_{4} italicControls + \sum_{k = 1}^{9} λ_{k} italicYear + μ_{it},

where the interlock measure is one of the four measures: (a) Total Interlocks , (b) Same Industry Interlocks , (c) Cross Industry Interlocks , and (d) Interlocks with Leaders.…”

Section: Methodsologymentioning

confidence: 99%

Board interlocks and greenhouse gas emissions

Jing

Mahmoudian

et al. 2020

Bus Strat Env

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Using resource dependence theory, we analyze board interlocks, their industry origin, and their relationship to firms' greenhouse gas (GHG) emissions. Interlocks create connections by having board members from one firm sit on other firms' boards, providing an avenue for sharing information and resources to aid in knowledge transfer and capability development. As firms face challenges for improved GHG emissions performance, they may look to their board members' connections to other firms to acquire needed resources. Using a sample of US Standard & Poor's (S&P) 1500 firms for years 2009 to 2018, we find that firms with a greater number of board interlocks achieve lower GHG emissions intensity. We also find that boards for the best performing companies have interlocks in the same industry, in other industries, and with firms leading in GHG emissions intensity, especially for firms in higher environmentally impacting industries, as they face greater emissions challenges.

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italicGHG {Emissons Intensity}_{it} = β_{0} + β_{1} {Interlock Measure}_{it} + β_{2} {More Environmentally Impacting}_{i} + + β_{3} {Interlock Measure}_{it} * {More Environmentally Impacting}_{i} + β_{4} italicControls + \sum_{k = 1}^{9} λ_{k} italicYear + μ_{it},

where the interlock measure is one of the four measures: (a) Total Interlocks , (b) Same Industry Interlocks , (c) Cross Industry Interlocks , and (d) Interlocks with Leaders.…”

Section: Methodsologymentioning

confidence: 99%

Board interlocks and greenhouse gas emissions

Jing

Mahmoudian

et al. 2020

Bus Strat Env

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“…Manufacturing industries play a noteworthy role in the industrial development of a country. To ensure sustainable industrial development, it is important to understand the interdependencies between industry and the environment, economy, and society (Rajesh and Rajendran, 2020; Rajesh, 2020; van Loon and van Wassenhove, 2018; Zhu, 2016). Of these three major areas of impact (environmental, social, and economic), environmental issues have recently received more attention by practitioners and researchers (Acquaye et al, 2018; Caniato, Caridi, Crippa, & Moretto, 2012; Ding, Zhao, An, & Tang, 2016; Kalverkamp & Young, 2019; Koberg & Longoni, 2019).…”

Section: Introductionmentioning

confidence: 99%

Critical success factors for a circular economy: Implications for business strategy and the environment

et al. 2020

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Eco-efficiency and resource optimization for business strategy and the environment can be achieved by the circular economy (CE) practices in supply chains (SCs). The leather industry is a significant industrial contributor to the economic growth of some countries, but at the same time, it leads to tremendous environmental pollution. This research focuses on the identification and evaluation of critical success factors (CSFs) needed in the business strategy development of CE practices as well as to minimize environmental pollution in leather industry SCs. The CSFs are identified via a comprehensive literature review and are validated by experts' opinions. The validated CSFs are further analyzed using the best-worst method (BWM) and the decisionmaking trial and evaluation laboratory (DEMATEL). The BWM is used to identify the weights of the CSFs, and DEMATEL is used to determine the cause-effect relationship between the CSFs. The findings show that "leadership and top management commitment" is the most important CSF. Six CSFs are classified as causal towards CE practices: "leadership and top management commitment," "strong legislation towards CE practices," "ecological scarcity of resources," "knowledge of CE practices," "funding support for R&D from the government," and "competitor pressure on CE practices." The findings of this study can help managers in the leather industry implement CE practices in their existing SCs to minimize waste.

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“…The CHap calculation would help people to make consumption decision at a personal level, there is also the indicator calculation considering EIs for the organization. For instance, Rajesh and Rajendran ( 2020 ) induced the Environmental, Social, and Governance (ESG) scores as an indicator for the sustainability performance of organizations. It contributed to investigating the potential negative impacts of economic activities on environments.…”

Section: Discussionmentioning

confidence: 99%

Environmental impact of express food delivery in China: the role of personal consumption choice

Xie

2020

Environ Dev Sustain

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The online food ordering business in China is developing rapidly in recent years with considerable environmental impacts. However, the impacts caused by the express food delivery and the differences between the regions with different economic levels have seldom been quantified. Changing personal consumption behavior might help to reduce such impacts. But to what extent personal consumption changing could alter the environmental impacts caused by express food delivery remained uncertain. Thus, we have conducted a quantitative study based on the data collected from a 45-persons survey to determine the environmental impacts caused by the express food delivery in the different regions of China. Additionally, the reducible environmental impacts were estimated by establishing a scenario of personal consumption behavior changing. The results showed that each express food delivery order would generate 111.80 g CO 2 emission equivalent on average. Most (86%) of the CO 2 equivalent of the express food delivery came from the food packages. Compared to the orders in the second-class and third-class cities, the orders in the first-class cities had a significantly higher CO 2 equivalent due to the greater use of food packages. The results also demonstrated that by walking to take the food in the restaurants nearby (< 1 km), 68% of the CO 2 equivalent derived from the express food delivery could be reduced. People's willingness to change consumption behavior plays an important role to achieve the environmental impact reduction.

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Relating Environmental, Social, and Governance scores and sustainability performances of firms: An empirical analysis

Cited by 124 publications

References 84 publications

Board interlocks and greenhouse gas emissions

Board interlocks and greenhouse gas emissions

Critical success factors for a circular economy: Implications for business strategy and the environment

Environmental impact of express food delivery in China: the role of personal consumption choice

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