Board Structure and ESG Performance: The Moderating Role of Country‐Level Gender Parity

Alfredo Grau Grau, Inmaculada Bel‐Oms and Janny Núñez‐Almonte

Corporate Social Responsibility and Environmental Management, 2025, vol. 32, issue 6, 7254-7275

Abstract: This study explores the moderating role of country‐level gender parity on the association between board gender diversity, board sub‐committees, and environmental, social, and governance (ESG) performance. Using a sample of European sustainable companies listed on the Euronext Vigeo Europe 120 Index from 2014 to 2023, panel data and a one‐step system generalized method of moments (GMM) were applied to test the hypotheses. Results show that country‐level gender parity negatively moderates the positive effect of board gender diversity on ESG performance. Furthermore, the findings also find that country‐level gender parity does not moderate the association between board sub‐committees and ESG performance. To extend past research, this study explores the three pillars of the ESG separately; the results reveal that country‐level gender parity negatively moderates the link between CSR committees and environmental performance. Additionally, country‐level gender parity negatively moderates the relationship between board gender diversity and governance performance.

Date: 2025
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https://doi.org/10.1002/csr.70067

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Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:32:y:2025:i:6:p:7254-7275

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