Comparative Analysis of ESG and Financial Performance Across Technology, Healthcare, and Consumer Goods Industries: A Study of Dominant Companies

Authors

  • Honghui Zhou

DOI:

https://doi.org/10.54097/dzy7wf87

Keywords:

ESG, financial performance, technology, healthcare, consumer goods.

Abstract

This study delves into the comparative analysis of Environmental, Social, and Governance (ESG) factors and financial performance across three distinct industries: Technology, Healthcare, and Consumer Goods. The research aims to understand the relationship between ESG integration and financial outcomes, examining dominant companies within each sector. In the technology sector, Apple Inc. exemplifies robust ESG practices, including renewable energy projects and sustainable material sourcing, which correlate with strong financial performance metrics. Johnson & Johnson, representing the healthcare industry, demonstrates significant progress in healthcare access and environmental sustainability, reflecting positively on financial indicators. Procter & Gamble (P&G) in the consumer goods sector exhibits notable efforts in waste reduction and sustainable sourcing, contributing to market leadership and financial stability. While ESG integration appears to positively influence financial performance across these industries, the extent of alignment varies, suggesting the need for further research and sector-specific strategies. The findings underscore the importance of transparent ESG reporting and tailored strategies to drive long-term value creation and resilience in today's evolving business landscape.

Downloads

Download data is not yet available.

References

Aupperle, K. E., Carroll, A. B., Hatfield, J. D. An empirical examination of the relationship between corporate social responsibility and profitability. Academy of management Journal, 1985, 28 (2): 446-463.

Chouaibi, S., Rossi, M., Siggia, D., Chouaibi, J. Exploring the moderating role of social and ethical practices in the relationship between environmental disclosure and financial performance: Evidence from ESG companies. Sustainability, 2021, 14 (1): 209.

Iwami, K. M. ESG in consumer goods: the relationship between financial materiality and the United Nations Sustainable Development Goals (SDGs), Doctoral dissertation, 2023.

Kocmanová, A., & Dočekalová, M. Construction of the economic indicators of performance in relation to environmental, social and corporate governance (ESG) factors. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2012, 60 (4): 195-206.

Lu, Y. Financial statement analysis and revenue forecast for Apple Inc. In SHS Web of Conferences, 2024, 181: 02020.

Matta, I. Green Bonds: A Case Study of Apple, Verizon, Pepsi and Walmart’s Green Corporate Bonds, Ohio University, 2022.

Okafor, A., Adeleye, B. N., Adusei, M. Corporate social responsibility and financial performance: Evidence from US tech firms. Journal of cleaner production, 2021, 292: 126078.

Piechocka-Kałużna, A., Tłuczak, A., Łopatka, P. The impact of CSR/ESG reporting on the cost of capital: An example of US healthcare entities. European Research Studies Journal, 2021, 24 (3).

Whelan Tensie, AtzUlrich, Clark Casey. ESG and financial performance. Uncovering the Relationship by Aggregating Evidence from 1,000 Plus Studies Published between 2015 – 2020, 2021, 1-19.

Wilburn, K., Wilburn, R. ESG Reporting Using UN Sustainable Development Goals. Journal of Strategic Innovation & Sustainability, 2020, 15 (2).

Downloads

Published

01-09-2024

How to Cite

Zhou, H. (2024). Comparative Analysis of ESG and Financial Performance Across Technology, Healthcare, and Consumer Goods Industries: A Study of Dominant Companies. Highlights in Business, Economics and Management, 40, 334-340. https://doi.org/10.54097/dzy7wf87