ESG Strategy and Financial Aspects Using the Example of an Oil and Gas Midstream Company: The UNIMOT Group

Marta Szczepańczyk (), Paweł Nowodziński and Adam Sikorski
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Marta Szczepańczyk: Faculty of Management, Czestochowa University of Technology, 42-201 Częstochowa, Poland
Paweł Nowodziński: Faculty of Management, Czestochowa University of Technology, 42-201 Częstochowa, Poland
Adam Sikorski: Faculty of Management, Czestochowa University of Technology, 42-201 Częstochowa, Poland

Sustainability, 2023, vol. 15, issue 18, 1-24

Abstract: The content of this article relates to the widely considered issue of ESG investing, which has both theoretical and practical dimensions. The objective of this article is to verify whether there is a correlation between the implementation of ESG strategies and financial data and indicators. The first part of the discussion highlights the essence of a socially responsible investment—a concept that postulates the consideration of social responsibility in the functioning of companies. At a further stage, an attempt is made to systematize the concepts of ESG investing, where three key aspects are highlighted, i.e., environmental, social, and corporate governance. The article also refers to the reporting non-financial data, which are indicated by SASB standards. An empirical study is conducted on the UNIMOT Group. In this respect, the adjustment of ESG strategy directions with disclosure topics defined within the oil and gas midstream sector is analyzed. Then, using the GRETL econometric package, the relationship between the selected financial data is verified for the periods analyzed, with particular emphasis on the year of implementation of the ESG strategy, i.e., 2021. The conclusions and directions for further research are presented in the final section of the article.

Keywords: socially responsible investments (SRIs); environment; environmental, social, and corporate governance (ESG) investments; SASB standards; correlation matrix (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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