In an increasingly interconnected and complex world, businesses face environmental, social, and economic challenges that demand thoughtful reflection and a shift in operational approaches. Today, focusing solely on profit is no longer sufficient. Companies are expected to make decisions that also consider the impact of their actions on the environment, society, and governance.

This book integrates Environmental, Social, and Governance (ESG) factors into business strategies and analyses its role for firms striving to remain competitive and responsible in a rapidly evolving economic landscape. The author recognizes the ESG approach as a central element of business strategy and not only addresses global challenges such as climate change and social inequality but also its critical role in managing systematic risksthose that affect the entire market and cannot be easily diversified.

Explores ESG pillars individually to uncover their unique risk-reducing effects Describes how to reduce systematic risk by integrating ESG after sustainability-driven events Utilizes a large sample of firms to ensure the robustness and relevance of the findings

Autorentext

Matilda Shini is PhD in Economics and Management at the Department of Economics, Management, and Business Law at the University of Bari (Italy), where she currently holds the position of researcher.

Inhalt

Chapter 1. Sustainability and the Regulatory Framework.- Chapter 2. Risk Analysis and Management Towards an ESG Perspective.- Chapter 3. Rating ESG.- Chapter 4. ESG Ratings' Correlation with Systematic Risk: Empirical Evidence.