Given the growing importance of organizations’ environmental, social, and governance (ESG) performance, this paper estimates efficiency and examine ESG influence the food companies for the period of 2019-2024. The study has applied a DEA-Malmquist total factor productivity (TFP) index and its components to assess the technical efficiency and technological change of 21 food companies, including 5 companies with ESG reports. The result indicates that not all companies with ESG reporting have high TFP. The public ESG report has been a voluntary practice by companies, which means there has been no tight auditory obligation to it. The reports have been made public under the company names, so there has been little possibility of falsification, but it has still been possible for companies to modify inadequate or irrelevant actions to appear green. Therefore, government intervention or guarantees for companies, such as a green certification, are required to supplement ESG reports and make them to improve financial efficiency.
Bui Thi Phuong Linh (Mon,) studied this question.
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