What question did this study set out to answer?

Synthesize fragmented empirical literature examining the relationship between environmental, social, and governance (ESG) criteria and corporate financial performance (CFP).

October 2, 2015Journal of Sustainable Finance & Investment

ESG and financial performance: aggregated evidence from more than 2000 empirical studies

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Synthesize fragmented empirical literature examining the relationship between environmental, social, and governance (ESG) criteria and corporate financial performance (CFP).
Extracted primary and secondary data from previous academic review studies examining ESG criteria and CFP.
Aggregated and synthesized findings from approximately 2,200 individual empirical studies conducted since the early 1970s across various asset classes, regions, and study designs.
Roughly 90% of analyzed empirical studies find a nonnegative ESG–CFP relationship, with the vast majority demonstrating positive financial outcomes.
The positive impact of ESG criteria on corporate financial performance remains stable across time periods and extends to emerging markets, corporate bonds, and green real estate.

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Implication

Systematic review reveals a predominantly positive link between ESG criteria and corporate financial performance, highlighting the long-term economic viability of sustainable investing.

Cite This Study

Friede et al. (2015) studied this question.

synapsesocial.com/papers/69d75745aa68b335b4f31099 https://doi.org/10.1080/20430795.2015.1118917

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Implication

Systematic review reveals a predominantly positive link between ESG criteria and corporate financial performance, highlighting the long-term economic viability of sustainable investing.

ESG and financial performance: aggregated evidence from more than 2000 empirical studies

Key Points

Discussion

Implication

Cite This Study

ESG and financial performance: aggregated evidence from more than 2000 empirical studies

Key Points

Discussion

Implication

Cite This Study

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