Environmental, Social, and Governance initiatives important for the economic performance of food and beverage companies in developed and emerging countries

Rodolfo Nussio Lumasini, Vinicius Camba?va, Eli Hadad Junior, Leonardo Fernando Cruz Basso and David Ferreira Lopes Santos

Economia agro-alimentare, 2025, vol. 27, issue 3, 453-481

Abstract:

This study analyzes the impact of environmental, social, and governance (ESG) initiatives on the financial and economic performance of food and beverage companies operating in developed and emerging markets. The research seeks to clarify the role of ESG practices in corporate profitability and market valuation, addressing the gap in empirical studies that link firm-level ESG indicators to performance metrics. A panel data regression analysis was conducted on 159 companies from 30 countries between 2017 and 2021, using Bloomberg ESG scores and financial indicators. Results indicate that social and governance practices have a positive influence on financial performance, while environmental initiatives exhibit a negative impact. The study highlights the need for cautious evaluation of environmental investments due to their potential adverse financial effects. The research contributes to the ongoing ESG discourse by providing insights for businesses, policymakers, and investors regarding sustainable corporate practices. Future studies should explore sector-specific ESG impacts and broader datasets to refine these findings.

Keywords: Agribusiness; Corporate Governance; Emerging Countries; Sustainable Finance (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 050&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:ecaqec:v:html10.3280/ecag2025oa18400

Ordering information: This journal article can be ordered from
http://www.francoang ... o.aspx?IDRivista=214

Access Statistics for this article

Economia agro-alimentare is currently edited by FrancoAngeli

More articles in Economia agro-alimentare from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().