THE IMPACT OF ESG ON THE FINANCIAL PERFORMANCE OF IT COMPANIES

Alina Hagiu (), Anastasia Pandas () and Emilia Clipici ()
Additional contact information
Alina Hagiu: National University of Science and Technology Politehnica Bucharest, Faculty of Economics and Law, Romania
Anastasia Pandas: Odessa State Academy of Civil Engineering and Architecture, Ukraine
Emilia Clipici: National University of Science and Technology Politehnica Bucharest, Faculty of Economics and Law, Romania

Scientific Bulletin - Economic Sciences, 2024, vol. 23, issue 3, 65-74

Abstract: The digital economy is transforming the IT industry into a key driver of global sustainability, and the integration of ESG (Environmental, Social, Governance) criteria is becoming essential. This paper analyses the mechanisms through which ESG influences the financial performance of IT companies, demonstrating that strategies such as reducing energy consumption, promoting diversity and ethical governance contribute to increased profitability and financial stability. The results indicate a positive correlation between ESG scores and financial indicators of companies in this sector.

Keywords: digital economy; ESG; sustainability; financial performace; IT industry (search for similar items in EconPapers)
JEL-codes: G32 G34 M14 Q56 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economic.upit.ro/RePEc/pdf/2024_3_8.pdf (application/pdf)

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:pts:journl:y:2024:i::p3:65-74

Access Statistics for this article

Scientific Bulletin - Economic Sciences is currently edited by Alina Hagiu

More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Alina Hagiu ().