The Effect of Sustainable Development Goals (SDG's) on the Financial Performance of Listed Companies
- Title
- The Effect of Sustainable Development Goals (SDG's) on the Financial Performance of Listed Companies
- Creator
- Aleuthia; Dhaundiyal P.; Tripathi A.P.; Kateria A.; Mayank K.; Jha D.
- Description
- The corporate sector is emerging as a significant stakeholder in this transformative journey asnations throughout the world work to align their policies and practices with the SDGs. Theincorporation of SDGs into financial planning has made tremendous headway in India, acountry with a rapidly expanding economy and a diverse corporate landscape. The 50companies that made up the Nifty 50 at the end of 2023 are examined in this study. Twosources provided the financial data on these companies: the Bloomberg platform andSecurities and Exchange Commission (SEC) reports. Only thirty of the NIFTY 50 companieswere putting the SDGs into practise on the previously indicated date. There are fourconfigurations in the successful FP model that describe how the SDGs and FP relate to oneanother. The lack of SDGs, when combined with other variables, explains a high ROE in twoof these four configurations. The examination of the data concludes that businesses who havetraditionally attained higher FP (i.e., higher ROE) have not included SDGs into their strategy.Furthermore, the inclusion of SDGs in strategies results in a lower return on equity (ROE).The paper however takes into consideration only size and risk as the main variables tocalculate the ROE. We recommend the future researchers to consider the other financialvariables while doing the analysis to get a more insightful analysis on the effect of SDGs. Grenze Scientific Society, 2024.
- Source
- 15th International Conference on Advances in Computing, Control, and Telecommunication Technologies, ACT 2024, Vol-2, pp. 2394-2404.
- Date
- 2024-01-01
- Publisher
- Grenze Scientific Society
- Subject
- FP (Financial Performance); Nifty 50 companies; ROE (Return on Equity); SDGs
- Coverage
- Aleuthia, Christ Deemed to be University, Delhi NCR, India; Dhaundiyal P., Christ Deemed to be University, Delhi NCR, India; Tripathi A.P., Christ Deemed to be University, Delhi NCR, India; Kateria A., Christ Deemed to be University, Delhi NCR, India; Mayank K., Christ Deemed to be University, Delhi NCR, India; Jha D., Christ Deemed to be University, Delhi NCR, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-833130057-9
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Aleuthia; Dhaundiyal P.; Tripathi A.P.; Kateria A.; Mayank K.; Jha D., “The Effect of Sustainable Development Goals (SDG's) on the Financial Performance of Listed Companies,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/19085.