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Journal of Sustainable Finance & Investment· 2015Q1· Review

ESG and financial performance: aggregated evidence from more than 2000 empirical studies

Gunnar Friede, Timo Busch, Alexander Bassen

Short summary

An exhaustive review of over 2200 studies confirms a strong, positive link between Environmental, Social, and Governance (ESG) criteria and corporate financial performance (CFP). The vast majority of research finds a non-negative, and often positive, relationship that remains stable over time.

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Field: Strategy and Management

Strategy and ManagementBusiness, Management and Accounting