欧洲市场的气候变化和库存回报:一种环境强度的方法
Maria-Glòria Barberà-Mariné1, Laura Fabregat-Aibar1, Andreu-Michael Neumann-Calafell1
1Universitat Rovira I Virgili, Department of Business Management. Av. de La Universitat, 1, 43204, Reus Spain.
Journal of environmental management
|September 7, 2023
概括
气候变化对公司构成风险. 减少碳排放提高了股票回报率,而强大的环境评级提高了公司业绩,表明了走向可持续发展的道路.
科学领域:
- 环境经济学环境经济学
- 公司融资公司融资
- 气候变化研究研究气候变化研究
背景情况:
- 气候变化带来了影响公共健康和企业业绩的重大风险.
- 欧盟立法开创了减轻气候变化影响的战略.
- 将环境因素纳入企业决策对于可持续性至关重要,但可能会影响业绩.
研究的目的:
- 分析气候变化对欧洲公司股票回报的影响.
- 研究碳排放,环境评级和企业财务绩效之间的关系.
主要方法:
- 计量经济学小组数据分析.
- 研究样本:来自Stoxx 600指数 (2015-2021) 的265家公司.
主要成果:
- 碳排放对公司业绩和股票回报产生负面影响.
- 在环境支柱中的高评级会对股票回报产生积极影响.
- 环境,社会和治理 (ESG) 因素影响财务结果.
结论:
- 公司面临气候变化带来的财务风险,特别是与碳排放相关的风险.
- 积极的环境管理和强大的ESG绩效可以提高企业价值和股票回报率.
- 可持续的商业实践越来越多地与欧洲市场的财务成功有关.
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