Naslov
THE IMPACT OF SOCIAL AND GOVERNANCE FACTORS ON GHG EMISSIONS: EVIDENCE FROM THE EUROPEAN ENERGY COMPANIES

Autori
Pekanov Starčević, Dubravka ; Zrnić, Ana ; Bestvina Bukvić, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development (Book of Proceedings), 76th International Scientific Conference on Economic and Social Development – "Building Resilient Society" / Mišević, Petar ; Kontić, Ljiljana ; Galović, Tomislav - Zagreb : VADEA ; Sveučilište Sjever, 2021, 28-36

Skup
76th International Scientific Conference on Economic and Social Development: "Building Resilient Society"

Mjesto i datum
Zagreb, Hrvatska, 17.12.2021. - 18.12.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
sustainability, social factors, governance factors, GHG emissions, energy companies

Sažetak
Ongoing climate change threatens sustainable development. The main cause of climate change is the greenhouse effect, which is caused by greenhouse gas (GHG) emissions. Companies, as emitters of greenhouse gases, also play an important role in reducing them. This is particularly important for the energy sector, which produces the most emissions worldwide. GHG emissions are part of the environmental, social and governance (ESG) framework. Companies report on ESG to measure their contribution to sustainable business. To determine the relationship and impact of social and governance factors on GHG emissions, this paper presents the results of a study on the relationship between social and governance factors and GHG emissions using a sample of 38 European energy companies. Using a multiple regression analysis and data from the Refinitiv ESG database, a positive correlation is found between social factors and GHG emissions and between governance factors and GHG emissions. More precisely, the study found that workforce and corporate social responsibility (CSR) strategy have a significant impact on GHG emissions reduction. The findings suggest that companies that care about job satisfaction, a healthy and safe workplace, and maintaining diversity and equal opportunities for their workforce have an impact on reducing GHG emissions in their production and operations processes. Companies' practices to communicate sustainability dimensions into daily decision-making processes also have an impact on reducing GHG emissions.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA