Investment Performance in Green Finance: Assessing the Impact of Environmental Social and Governance Integration

Authors

  • Amna Shafiq Minhas National College of Business Administration and Economics, Pakistan.
  • Nazik Maqsood National College of Business Administration and Economics, Pakistan.
  • Tanveer Ahmad Shahid Superior University, Lahore, Pakistan.
  • Abaid Ul Rehman University of Wollongong, Australia Melbourne, Australia.

DOI:

https://doi.org/10.52131/joe.2024.0601.0192

Keywords:

Environmental Factor, Social Component, Governance Integration, Market Performance, Return on Assets

Abstract

Stakeholder groups raise concerns regarding corporate commitment to climate change issues, as climate change is a big global problem. The impact of eco-innovation and climate governance on business climate change commitment is examined in this research. The pressure on manufacturing companies to become more ecologically conscious or "greener" is growing. This study investigates the function of comprehensive quality management and its impact on corporate sustainability, drawing on the resource-based view and sustainable development theory. This research also concentrated on the function of green innovation as a mediator. The intensity of eco-innovation, determined by dividing environmental expenses over revenues, is a score derived from the Eikon database indicating a company's ability to cut environmental costs. We also discover a positive correlation between climate change commitment and governance. We contend that businesses can mitigate climate change risks and possibilities by incorporating climate change problems into governance. According to our empirical research, managers and politicians should encourage the deployment of eco-innovative technology and include climate change issues in governance to increase business commitment to climate change.

Author Biographies

Amna Shafiq Minhas, National College of Business Administration and Economics, Pakistan.

Lecturer

Nazik Maqsood, National College of Business Administration and Economics, Pakistan.

Lecturer

Tanveer Ahmad Shahid, Superior University, Lahore, Pakistan.

PhD Scholar, School of Commerce and Economics

Abaid Ul Rehman, University of Wollongong, Australia Melbourne, Australia.

MS Scholar, School of Accounting & Finance 

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Published

2024-02-22

How to Cite

Minhas, A. S. ., Maqsood, N., Shahid, T. A., & Rehman, A. U. (2024). Investment Performance in Green Finance: Assessing the Impact of Environmental Social and Governance Integration. IRASD Journal of Economics, 6(1), 27–44. https://doi.org/10.52131/joe.2024.0601.0192