Coerenza ESG e sostenibilità finanziaria: un nuovo strumento d'analisi per la strategia aziendale e d'investimento
Author(s)
Date Issued
2023
Type
article
Volume
n. 4
Start Page
43
End Page
65
Abstract
Scholars and practitioners have long been debating Environmental, Social,
and Governance (ESG) investing. Academics have also studied the correlation
between ESG and corporate fnancial performance, as well as whether investment
managers should factor corporate ESG policies and activities in their portfolio
investment strategies. However, the typical approach followed so far sees ESG as
data enrichment in analysing performance of the target for investment selection.
Tis article elaborates on the recently developed fnancial/ESG sustainable
growth matrix Bellandi (2022, 2023) to show its use by management for more
comprehensive growth strategy decisions. Te joint reading of ESG strategies
and fnancial policies provides a company with a new pair of lenses for strategic
analysis, and investors with a new dimension and tool for stock picking and
diagnostics of growth forecasts of the target. Conversely, this paper does not focus
on the relationship between ESG and corporate financial performance.