| Abstract [eng] |
Brief description of the work: we have analyzed the impact of ESG criteria for companies in different sectors on their published financial results. Problem, aim and objectives: sustainability, transparency and accountability are becoming increasingly important in today's business environment, and ESG criteria encourage companies to develop socially responsible and sustainable business models. However, it is questionable whether the integration of these principles is compatible with maximizing financial performance. The aim of this paper is therefore to assess the impact of ESG criteria on companies' financial performance. The purpose is to establish the relationship between ESG criteria and net profit, to assess their correlation with share price movements and to examine the impact of non-compliance with ESG standards on financial performance. It will also analyze the results of previous studies and draw conclusions, insights and recommendations from the analysis. The methods used in the paper: the analysis includes statistical (mean, correlation, standard deviation) and mathematical (changes in values) indicators, MSCI ESG estimates, share price dynamics and annual reports. Research carried out and results: the analysis was divided into four parts. In the first step, we calculated the correlation between companies' net profits and the ESG criteria score, which showed a positive but weak relationship between the variables. In the second part, we examined whether the companies' share prices changed in the same direction as the change in the ESG score, if any. The results showed that in the short term, investors' reactions are more emotional and sharper, while in the long term the strength of the effect is more difficult to assess, as many other factors also influence share price changes. In the third part, we have analyzed the events related to ESG breaches and their impact on the performance of these companies. The data obtained showed that there is an impact of such situations, but that companies of different sizes and sectors experience that impact differently. The fourth part of the report aims to provide an overview of the opinions among investors on this issue. The results showed that ESG is having an impact, but that it is still not widely considered among investors. Conclusions: the results of the study show that ESG is not only a social responsibility, but also an important business factor that affects the long-term success of a company. However, it is important to note that each company's strategy, reputation, size, scope of operations and other aspects have a very significant impact on the influence of ESG criteria on corporate financial performance. Information on the publication or adaptation for publication of the results of the work: Available for publication. |
