How ESG norms compliance effect the company's financial performance
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | corporate governance corporate social responsibility environment financial reporting sustainability |
| Online Access: | http://dolgozattar.uni-bge.hu/56659 |
| Kivonat: | Environment, Social and Governance (ESG) is a complex framework to implement and adapt in businesses operation. It is a non-financial and non-mandatory performance disclosure that companies can provide for stakeholders. As I conducted research on ESG norms I could get to a conclusion which is that it is advantageous to put emphasis on the allocation of ESG due to investors in recent years prioritises more those businesses which implement sustainability practices. Investors besides dividend they tend to care about the environmental, social, and corporate governance influence of companies.Furthermore, stablishing ESG report can provide a long-term sustainability dedication insight from companies. In this way businesses can assess the potential risks and visualises opportunities besides adapting changes. It leads innovation and growth.As empirical evidence to buttress my thesis of the influence of ESG norms compliance on company’s financial performance I have examined Nokia’s financial performance and ESG focused sustainability report through which I could get an insight to the dedication of the company for sustainability business practices besides their 2023’s annual financial statement outcome. |
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