Do ESG and Diversity Scores Predict Global Firms’ Environmental Innovation?
Environmental innovation (EI) is fundamental to sustainable development goal (SDG) number 9. Indirectly, it contributes to the achievement of SDG 7 by laying the groundwork for producing renewable energy. Firms involve environmental, social, and governance (ESG) and diversity practices to achieve su...
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| Veröffentlicht in: | The journal of environment & development 2024-09, Vol.33 (3), p.410-442 |
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| container_title | The journal of environment & development |
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| creator | Saydam, Mehmet Bahri Olorunsola, Victor Oluwafemi Arici, Hasan Evrim Koseoglu, Mehmet Ali |
| description | Environmental innovation (EI) is fundamental to sustainable development goal (SDG) number 9. Indirectly, it contributes to the achievement of SDG 7 by laying the groundwork for producing renewable energy. Firms involve environmental, social, and governance (ESG) and diversity practices to achieve sustainable success. ESG and diversity scores on EI need to be predicted, yet EI predictors are few in the research. Our institutional theory-based study examines whether ESG and diversity scores influence EI scores in multinational organizations. The dataset comprises information from the Refinitiv Eikon database, including 430 publicly traded firms worldwide throughout 2021. The results of our study indicate that the environmental pillar score, ESG, and workforce score are the three most significant factors for calculating enterprises’ EI scores. This research provides valuable insights into enhancing sustainability practices and fostering innovation in global firms, offering a practical roadmap for businesses striving to achieve these objectives. |
| doi_str_mv | 10.1177/10704965241238292 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1070-4965 |
| ispartof | The journal of environment & development, 2024-09, Vol.33 (3), p.410-442 |
| issn | 1070-4965 1552-5465 |
| language | eng |
| recordid | cdi_proquest_journals_3106165686 |
| source | PAIS Index; SAGE Complete |
| subjects | Companies Emotional intelligence Environmental governance Governance Innovations Renewable energy Sustainability Sustainable development Sustainable practices Workforce |
| title | Do ESG and Diversity Scores Predict Global Firms’ Environmental Innovation? |
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