Environmental, Social and Governance Standards as A Pillar of Sustainable Financial Development-The Case of The Greek Food Industry

Abstract

Businesses have recently started exploring various approaches to incorporate). Environmental, Social and Governance (ESG) activities into their decision-making processes. Our study makes use of ESG's environmental component to study the impact of environmental criteria on the annual turnover of the Greek food sector. According to the results, the food industries that have over 500 million annual turnover, invest in ESG and emphasize in environmental criteria. Investing in environmental policies and strategies increases financial sustainability. Companies become more profitable and efficient in this context.