Environmental, Social and Governance (ESG) Key Performance Indicators for Sustainable Reporting

Kocmanová, Alena; Němeček, Petr; Dočekalová, Marie Pavláková

doi:10.3846/bm.2012.085

Cited by 14 publications

(15 citation statements)

References 10 publications

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“…Many other organizations like G20, the EU, and other nations such as France, Germany, UK, Japan, etc are trying to initiate the integrated reporting of ESG data. These factors generated the issues of firms could cherry-pick the indicators that might give them advantage outcomes [31].…”

Section: B Esg Disclosurementioning

confidence: 99%

The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance

Almeyda

Darmansya

2019

IJPS

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The aim of this study is to do research about nonfinancial aspect that has influence toward the companies' financial performance, that will highlight the scores of companies' ESG (Environment, Social, Governance) disclosure. Nowadays, investors take into account the non-financial aspect into their investment decision, such as ESG performance as a risk measurement. The mixed of results found in the previous studies regarding the correlation between company ESG/CSR and financial performance warranted us to conduct more research in this particular topic. We conducted research on companies in the real estate sector since its long-term nature of investment is aligned with long-term ESG goals. The samples of companies were collected from seven countries with the strongest economy worldwide, the G7. The financial performance is measured by both in the perspectives of accounting and stock market, which are ROA, ROC, Stock Price, and P/E. The panel data was collected over five years (2014-2018), using STATA to run multivariate regressions to test for the correlations. The results indicate that there is a statistically significant positive relationship between the ESG disclosure with firm's ROA and ROC, but no significant relationship with Stock Price and P/E. Furthermore, we found that there is a statistically significant positive relationship between the Environmental factor towards the firm's ROC and Stock Price. Lastly, the study also reveals that there's no significant relationship between the Social factor and Governance factor with firm financial performance. The results show that a high transparency regarding ESG information could improve the financial performance. Thus, it is advisable for investors, company management, decision-makers, and industry regulators to consider the importance of the ESG disclosure.

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Section: B Esg Disclosurementioning

confidence: 99%

The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance

Almeyda

Darmansya

2019

IJPS

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“…Di Indonesia, pedoman ini digunakan oleh NCSR, sebagai lembaga independen yang secara berkala memberikan penilaian pengungkapan sustainability report yang disampaikan perusahaan-perusahaan. Manfaat sustainability report berdasarkan pada kerangka GRI (2011) Penelitian terdahulu terkait laporan berkelanjutan dan kinerja keuangan, menggunakan ukuran kinerja laporan berkelanjutan (Kocmanova et al 2012). Peneliti tersebut menambahkan elemen baru sebagai ukuran laporan berkelanjutan yakni elemen corporate governance.…”

Section: Sustainability Reportunclassified

Pengungkapan Sustainability Report dan Kinerja Keuangan

Tarigan

Semuel

2015

jak

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ABSTRAKTren penelitian tentang hubungan sustainability report dan kinerja keuangan mulai meningkat di Indonesia, seiring dengan makin meningkatnya jumlah perusahaan yang mempublikasikan sustainability report. Namun sebagian terbesar hasil-hasil penelitian tersebut masih belum konsisten. Penelitian ini bertujuan untuk menguji kembali hubungan antara pengungkapan sustainability report dengan kinerja keuangan. Ada dua hal yang membedakan penelitian ini dari sebelumnya, pertama, penelitian ini menggunakan perusahaan-perusahaan yang secara konsisten melaporkan sustainability report, dan kedua, penelitian ini menggunakan semua ukuran kinerja keuangan yang meliputi asset management, profitability, leverage, liquidity dan market. Sampel yang digunakan sebanyak 54 pengamatan yang berasal dari perusahaan-perusahaan yang secara konsisten melaporkan sustainability report selama periode 2009-2011. Hasil pengujian menunjukkan bahwa dimensi ekonomi (EC) dari sustainability report tidak berpengaruh terhadap kinerja keuangan, sedangkan dua dimensi lainnya yaitu lingkungan (EN) dan sosial (SO) berpengaruh negatif terhadap kinerja keuangan.Kata kunci: Sustainability report, dimensi ekonomi, dimensi sosial, dimensi lingkungan, kinerja keuangan. ABSTRACT PENDAHULUANPengungkapan laporan keberlanjutan (sustainability report) telah berkembang dan menjadi salah satu hal yang penting bagi setiap organisasi (Ernst and Young, 2013). Sustainability report menjadi media bagi perusahaan untuk menginformasikan kinerja organisasi dalam aspek ekonomi, sosial dan lingkungannya kepada seluruh pemangku kepentingan (stakeholders). Banyak organisasi sudah mulai beralih dari cara tradisional yang hanya melaporkan aspek keuangan, berubah ke arah yang lebih modern, yakni melaporkan semua aspek, baik keuangan maupun nonkeuangan (dimensi sosial dan lingkungan) kepada para pemangku kepentingan. Dalam penelitian yang

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“…Corporate sustainability performance management in all its perspectives and aspects requires management framework, which connects the environmental and social management of the business and competitive strategies and management, and on the other hand, it integrates environmental and social information with economic (Schaltegger, Wagner, 2006). According to the results of research realized by Kocmanová et al (2012) showed that the environmental performance and corporate governance individually contribute to overall performance. Companies with higher level of implementation of corporate governance principles have higher net profit margin and earnings per share (Todorovič, 2013).…”

Section: Sustainable Performance Measurement Systemmentioning

confidence: 99%

“…This indicators measure progress toward sustainability and demonstrate the environmental, social and economic impacts. Before an enterprise decides to establish some key performance indicators, it is necessary to understand the right way of their using and integrating into enterprise management (Kocmanová et al, 2012). According to Keeble et al (2003) difficulties in measuring performance is especially complicated by the fact that many enterprises have a complex organizational structure with different trade flows, functions and projects.…”

Section: Sustainable Performance Measurement Systemmentioning

confidence: 99%

Possibilities for Developing Business Potential in Economic Education. Examples of Implementation in Slovakia and the Czech Republic

Krpálek

Krelová

2016

Economics &Amp; Sociology

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ABSTRACT. Today's world brings in many new pulses for enterprises not to focus on well established performance management tools used in the past. There is an obvious need to use new methods of performance management within strategic-oriented management. A good example here is also the concept of corporate sustainability. This concept is focused on company's performance in the long term, whereby the company essentially follows not only profitability, but also takes into account the process and results of all activities in relation to surrounding community and environment. The main aim of this paper is to analyse different phases of measuring and managing business performance, and also to measure the impact of the selected measurement tools of performance management on the overall business performance of Slovak enterprises, as well as to highlight the relation of the composite index of sustainable development with business performance. The results show the very important link between business strategy and system for measuring and managing corporate performance, which is positively reflected in the achievement of the overall performance. Also confirmed is the relationship with the composite index of sustainable development.

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Environmental, Social and Governance (ESG) Key Performance Indicators for Sustainable Reporting

Cited by 14 publications

References 10 publications

The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance

The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance

Pengungkapan Sustainability Report dan Kinerja Keuangan

Possibilities for Developing Business Potential in Economic Education. Examples of Implementation in Slovakia and the Czech Republic

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