Environmental, social and governance assets and diversity scores: exploring their relationship to carbon emissions in global companies

IF 4.1 3区管理学 Q2 BUSINESS

Management Decision Pub Date : 2024-05-21 DOI:10.1108/md-05-2023-0818

Mehmet ali Koseoglu, H. Arıcı, M. Saydam, Victor Oluwafemi Olorunsola

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引用次数: 0

Abstract

PurposeThe interconnected challenges of climate change and social inclusivity have placed unprecedented pressure on businesses to adopt responsible practices. While previous research has explored the individual impacts of environmental, social, and governance (ESG) performance and diversity initiatives, there remains a dearth of comprehensive investigations into how these factors collectively influence carbon emission scores. Drawing on the legitimacy theory, we explore whether ESG and diversity scores predict global companies' carbon emission scores. As concerns about the environmental impact of businesses grow, understanding the relationships between ESG performance, diversity management, and carbon emissions becomes imperative for sustainable corporate practices.Design/methodology/approachThe primary dataset for this study includes 1,268 worldwide firm-year data for 2021. The sample is subjected to missing data examination as a component of the filtration process. Data preprocessing is performed before machine learning analysis, including verifying missing data. Our research resulted in the final sample, which includes 627 worldwide firm data from 2021. Data regarding all publicly traded companies was obtained from Refinitiv Eikon.FindingsOur findings showed that corporate carbon emission performance in global corporations is influenced by ESG performance and total diversity score.Originality/valueFirms involve in ESG as well as diversity practices to be able to achieve sustainable success. Yet, the forecasting of carbon emissions based on ESG scores and diversity scores remains inadequately established due to conflicting findings and enigmas prevalent in the literature.

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环境、社会和治理资产及多样性得分：探讨它们与全球公司碳排放的关系

目的气候变化和社会包容性这两个相互关联的挑战给企业带来了前所未有的压力，要求它们采取负责任的做法。虽然以往的研究探讨了环境、社会和治理（ESG）绩效和多元化举措的个别影响，但对这些因素如何共同影响碳排放得分的全面调查仍然缺乏。借鉴合法性理论，我们探讨了环境、社会和治理（ESG）及多元化得分是否能预测全球公司的碳排放得分。随着人们对企业环境影响的关注与日俱增，了解 ESG 表现、多元化管理和碳排放之间的关系对于可持续的企业实践来说势在必行。作为过滤过程的一部分，对样本进行了缺失数据检查。在进行机器学习分析之前，会对数据进行预处理，包括核实缺失数据。我们的研究得出了最终样本，其中包括 627 个 2021 年的全球公司数据。我们的研究结果表明，全球企业的碳排放绩效受到环境、社会和公司治理绩效以及多元化总分的影响。然而，由于文献中普遍存在相互矛盾的结论和谜团，基于 ESG 分数和多元化分数的碳排放预测仍然不够成熟。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Management Decision Multiple-

CiteScore

8.20

自引率

8.70%

发文量

126

期刊介绍： ■In-depth studies of major issues ■Operations management ■Financial management ■Motivation ■Entrepreneurship ■Problem solving and proactivity ■Serious management argument ■Strategy and policy issues ■Tactics for turning around company crises Management Decision, considered by many to be the best publication in its field, consistently offers thoughtful and provocative insights into current management practice. As such, its high calibre contributions from leading management philosophers and practitioners make it an invaluable resource in the aggressive and demanding trading climate of the Twenty-First Century.