ESG Ratings And Firm’s Profitability
DOI:
https://doi.org/10.33516/maj.v58i10.90-93pKeywords:
No keywordsAbstract
To address issues related to global development, the world is cooperating. The Sustainable Development Goals (SDGs), a collection of Seventeen global development goals intended to address the most pressing concerns by 2030, were proposed by the United Nations in response to a global call to action. Corporates are anticipated to spark initiatives while nations have begun developing legislation and strategies to meet their SDG commitments. Firms are now disclosing more information about the SDGs as a result of greater awareness and adoption (KPMG, 2020).
Organisations have recognised the significant detrimental impact that climate change can have on their business and have started working to better understand, prepare for and respond to the dangers that climate change poses. Understanding the benefits of ESG ratings as a technique for profit production for businesses is the purpose for the study. The conclusions show that strong business ESG performance improves financial performance as measured by accounting and market-based metrics.
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