Does SDG Coverage Influence Firm Performance?

Disney Leite Ramos, Shouming Chen, Ahmed Rabeeu and Abdul Basit Abdul Rahim
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Disney Leite Ramos: School of Economics and Management, Tongji University, Shanghai 200092, China
Shouming Chen: School of Economics and Management, Tongji University, Shanghai 200092, China
Ahmed Rabeeu: School of Economics and Management, Tongji University, Shanghai 200092, China
Abdul Basit Abdul Rahim: School of Economics and Management, Tongji University, Shanghai 200092, China

Sustainability, 2022, vol. 14, issue 9, 1-10

Abstract: The purpose of this study is to examine the influence of the Sustainable Development Goals (SDGs) on firm performance. The study examines the SDG coverage of international firms in six industries listed in the Corporate Knights’ Index, including banking, insurance, petroleum refineries, real estate investment and services, and investment services. Through a content analysis approach, the annual and sustainable reports of these firms for the year 2020 were used to extract financial and SDG information, respectively. The findings indicate that SDG coverage has no effect on firm performance. The results also show that SDGs 5, 8, and 13 appear to be the most widely adopted SDGs by companies from all industries, while SDGs 2, 6, and 14 tend to be the least focused on of all SDGs. This study can assist regulators and investors in better understanding the role of SDGs in achieving an organization’s success.

Keywords: Sustainable Development Goals (SDGs); firm performance; content analysis approach; Return on Equity (ROE); Corporate Knights’ Index (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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