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13 September 2024 The role of ESG advisory as an innovative tool for sustainable financial development: the evidence of the food companies
Maria Tsiouni, Georgios Kountios, Georgios Papadavid, Anastasia Kyriakidou
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Proceedings Volume 13212, Tenth International Conference on Remote Sensing and Geoinformation of the Environment (RSCy2024); 132120G (2024) https://doi.org/10.1117/12.3036915
Event: Tenth International Conference on Remote Sensing and Geoinformation of the Environment (RSCy2024), 2024, Paphos, Cyprus
Abstract
The financial industry is transforming sustainability through new technologies and advisory services. Investors are now more interested in financing sustainable projects, and sustainability frameworks and disclosures are being strengthened to meet the growing demand for transparency from stakeholders. Today, there is a growing recognition of the importance of environmental, social, and governance (ESG) issues, aligned with the increasing demand for corporate sustainability. ESG assessments facilitate the comparison of companies based on their sustainable practices. This research aims to examine the influence of ESG ratings on the financial performance of food companies. The paper examined the relationship between ESG ratings and financial performance using ordinary least squares regression. The results show that higher ESG ratings are associated with more positive financial performance and higher financial results. In this context, an important driver for accelerating the 'mainstreaming' of sustainable finance is the advisory process.
(2024) Published by SPIE. Downloading of the abstract is permitted for personal use only.
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Maria Tsiouni, Georgios Kountios, Georgios Papadavid, and Anastasia Kyriakidou "The role of ESG advisory as an innovative tool for sustainable financial development: the evidence of the food companies", Proc. SPIE 13212, Tenth International Conference on Remote Sensing and Geoinformation of the Environment (RSCy2024), 132120G (13 September 2024); https://doi.org/10.1117/12.3036915
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KEYWORDS
Sustainability
Industry
Agriculture
Analytical research
Climate change
Correlation coefficients
Organization management
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