CEEJ Central European Economic Journal’s Post

#latestpublished Relationship between ESG and Financial Performance of Companies in the Central and Eastern European Region by Karolina Siwiec and Renata Karkowska Observable climate change and an increase in the frequency of extreme climate events undoubtedly pose challenges for society and business operations. The changes being implemented in sustainability efforts are a response to these challenges. However, the question is how these measures affect companies‘ financial performance. The study aims to verify the relationship between the reporting of sustainability scores related to three aspects: environmental, social, and corporate governance (ESG). It focuses on the financial performance of companies in the Central and Eastern Europe (CEE) region in 2017–2021. The study will use panel regression and cross-sectional analysis. The results indicate a positive relationship between the disclosure of ESG activities and the financial performance of companies as measured by ROA. It was also observed that for companies operating in the financial sector, the correlation is greater, compared to companies operating in other sectors. This study contributes to the ongoing debate on the environment, society, and governance in the economy. READ MORE 👉https://lnkd.in/dCxgaa9x

Dear Customers, Partners and Friends, please enjoy our October ESG monthly Newsletter. Key highlights: *ESG Regulatory Updates   1. EU Commission - Draghi’s report on EU competitiveness & key sustainability issues - Mario Draghi, the former European Central Bank President, delivered a Report on the future of European competitiveness to the President of the European Commission - The Report comprises two parts: Part A (a competitiveness strategy for Europe) and Part B (in-depth analysis and recommendations 2. The Italian Government - has transposed into domestic law the CSRD - The Italian Government has officially adopted Legislative Decree no. 125 of 6 September 2024, which marks a crucial step towards the implementation in the Italian law of the European Directive known as CSRD - The regulation’s aim is to align corporate reporting practices with the challenges of climate change and international sustainability standards, while strengthening market and stakeholder confidence 3. TISFD - launch of the Taskforce on Inequality and Social-related Financial Disclosures - A new taskforce has been launched with the naming of Taskforce on Inequality and Social-related Financial Disclosures (TISFD) - The TISFD will develop a global framework for companies and financial institutions to include within their public reports more effective disclosures about impacts, dependencies, risks, and opportunities related to social issues, including inequality 4. EU Commission – new Commission's mandate (2024-2029) - European Commission President Ursula von der Leyen announced the list of Commissioners-designate for her new Commission - In ESG, the Political Guidelines proposed the creation of a new Clean Industrial Deal in the first 100 days of the new Commission which will include an Industrial Decarbonisation Accelerator Act and a new Circular Economy Act * Updated list ESG Conferences #ESG #EUCommission #TISFD

Earlier this month, we released our full-year results, Annual Report, and ESG Report. In his latest blog, our CEO, Andrew Coombs, has provided insights into the key areas where we have made significant progress over the past financial year. Read the full blog here: https://lnkd.in/dE98iEQU #SiriusResults

We are proud to be featured in the latest Environmental Finance ESG Data Guide. View the guide here: https://lnkd.in/eRe9C4j #ESG #EnvironmentalFinance #Sustainability

I often talk about the fact we have a strategy for all weathers, and our recent Annual Results really demonstrate that. The numbers underlined the strength of our platform in generating substantial organic growth, even amid challenging macroeconomic conditions. You can read more about my perspectives on our recent results and Annual Report here: https://lnkd.in/gEmixYgX

The SIX Future of Finance Study 2024 is Now Live. Here are some key insights that highlight the growing importance of ESG in the financial industry: 📊 ESG data is expected to be the top area where financial institutions will boost their spending, underscoring its critical role in decision-making processes. 🌱 For UK-based firms, sustainable finance and ESG integration have jumped from last to first place as key growth drivers compared to the previous year. 🏦 Investment banks rank climate risk as their top external challenge, indicating a need for more advanced climate data to manage this risk effectively. Read the full report here: https://six.swiss/3YpVeQL #TheFutureofFinanceIsNow #makingadifferencewithdata #ESGdata

🌍🌿💻 𝗧𝗵𝗲 Environmental Finance 𝗘𝗦𝗚 𝗗𝗮𝘁𝗮 𝗚𝘂𝗶𝗱𝗲 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰 𝗶𝘀 𝗻𝗼𝘄 𝗟𝗜𝗩𝗘! Environmental Finance has launched the latest annual update to its ESG Data Guide, shining a light on the continued growth in the ESG data landscape. The market is evolving at pace as it pushes into new fields, driven by regulation and technology. The free-to-use guide is an easily-searchable portal to help investors and other market players peruse the ever-expanding market of data products. We would like to thank all the data providers who contributed to this year's guide and who help contribute to this excellent resource. ➡ 𝗩𝗶𝗲𝘄 𝘁𝗵𝗲 𝗴𝘂𝗶𝗱𝗲 𝗵𝗲𝗿𝗲: https://lnkd.in/eRe9C4j 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗲𝗱 𝗯𝘆: Bloomberg, Carbon4 Finance, Environmental Finance Data, EthiFinance, ICEBERG DATA LAB, Sustainable Fitch, ISS STOXX, MSCI Inc., ICE, LSEG (London Stock Exchange Group), Clarity AI #ESGData #esg #esgdataguide #guide #esgindex #environmentalsocialgovernance #sustainabilityreporting #environmentalfinance

Our research shows that ESG is effectively integrated into the financial sector. However, some areas are much more mature than others. Explore the areas where enhancements can be made. https://lnkd.in/ejNpwhmT .

𝗕𝗶𝗴 𝗡𝗲𝘄𝘀: 𝗘𝗨 𝗧𝗮𝗸𝗲𝘀 𝗠𝗮𝗷𝗼𝗿 𝗦𝘁𝗲𝗽 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗘𝗦𝗚 𝗥𝗮𝘁𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆  A significant development for sustainability measurement and transparency in the EU financial markets has just been announced. The new regulation addresses key challenges in ESG ratings that will reshape how sustainability is measured and reported. This new regulation mandates what we have always advocated for - transparent quantitative methodologies, clear data sources, and rigorous standards for measuring sustainability impact. Key Elements of the New Framework: • Mandatory authorization and supervision of ESG rating providers • Enhanced transparency requirements for methodologies • Enhanced comparability of sustainability assessments • Prevention of conflicts of interest • Standardized requirements for non-EU providers  (For example: Recognition based on quantitative criteria) The ValuuCompass was built from the ground up to address these challenges, providing businesses with clear, actionable, and verifiable sustainability metrics. This marks a crucial step toward standardizing sustainability measurements in financial markets. It reflects the growing recognition that ESG ratings significantly impact capital markets and investor confidence in sustainable investments. The regulation will come into effect 20 days after publication, with an 18-month transition period for full compliance. Read more about the new EU regulation here: https://lnkd.in/dSMdDJed #Sustainability #ESG #SustainableFinance #ValuuCompass #EURegulation 

Our research shows that ESG is effectively integrated into the financial sector. However, some areas are much more mature than others. Explore the areas where enhancements can be made. https://lnkd.in/exsxNwsu .