Advances in Consumer Research
Issue 2 : 503-518
Original Article
Environmental, Social and Governance Risk in the Emerging Market: The Impact on ESG Performance
1
Management Development Institute Murshidabad, West Bengal
Abstract

This study offers a vital comparative analysis of Environmental, Social, and Governance (ESG) Scores and ESG Risks, utilizing data from 196 Indian firms. Employing an Ordinary Least Squares (OLS) regression model effectively uncovers the relationship between ESG scores and ESG risks among these firms. The findings compellingly illustrate the differences in ranking between ESG scores and ESG risk. The study also reveals a critical inverse correlation: as a firm’s ESG score rises, its ESG risk diminishes. This emphasizes the urgent need for organizations to prioritize ESG initiatives, as it provides a strategic roadmap for minimizing ESG risk exposure. Such insights empower firms to make informed decisions that can significantly boost their ESG scores. Furthermore, the practical implications of this research are substantial for organizations, laying a foundation for decision-making that fosters sustainability and long-term success..

Keywords
Recommended Articles
Original Article
Sustainable Mindfulness Interventions in Higher Education Institutions: A Review Study
...
Original Article
From Adoption to Outcomes: Assessing the Impact of Digital Payment Systems on Financial Inclusion and Financial Well-being in India
Original Article
Geopolitical Oil Shocks and Sectoral Stock Returns in India: The Exchange rate channel during Middle East Conflicts..
...
Original Article
Adoption of ChatGPT Among University Students: Examining Self-Efficacy, Digital Literacy, Trust, Motivation, and Usage Behavior..
...
Loading Image...
Volume 2, Issue 2
Citations
593 Views
568 Downloads
Share this article
© Copyright Advances in Consumer Research