The impact of environmental strategies on esg scores

: a study on high-emission industries

Abstract

The research thesis “The impact of environmental strategies on ESG scores: Astudy on high-emission industries” studies the link between environmental strategies andESG scores. Using a sample of 110 publicly listed companies from high-emissionindustries and building on a framework by Walls (2011) for encoding environmentalstrategies based on annual reports and sustainability statements, this research aims tounderstand how the level of proactiveness of the environmental strategy of each companyinfluences its ESG score. Although no evidence is found that a proactive environmental strategy is linked to overall high ESG scores, evidence for a positive relationship betweenthe Environmental (E) component of ESG scores and proactive environmental strategiesis presented.

Date of Award	26 Jun 2023
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Filipa Andrêa Godinho de Lancastre Serpa Pinto (Supervisor)