scholarly journals Will the DAX 50 ESG Establish the Standard for German Sustainable Investments? A Sustainability and Financial Performance Analysis

2020 ◽  
Vol 53 (4) ◽  
pp. 461-491
Author(s):  
Martin Nerlinger
Keyword(s):  
Financial Performance ◽  
Sustainable Development Goals ◽  
Stock Exchange ◽  
Investor Attention ◽  
The Sustainable Development ◽  
Sustainability Performance ◽  
Short Run ◽  
German Stock ◽  
Development Goals ◽  
Sustainable Investments

The demand for sustainable investments is growing worldwide. As a result, the DAX 50 ESG was introduced in March 2020 as the first ESG index by the German stock exchange. It is promoted as the new standard for German sustainable investments. We are the first to comprehensively examine the financial and non-financial performance of the index and its constituents. Therefore, we examine the sustainability performance using both ESG criteria and the alignment of products and services with the Sustainable Development Goals. Our results show that the DAX 50 ESG may only to a limited extent be promoted as the most sustainable German index. Moreover, since inception as well as during the COVID-19 crisis, the DAX 50 ESG’s financial performance is comparatively worse. Our findings suggest that stock markets penalize the inclusion of a firm in the DAX 50 ESG in the short run, thus affecting the overall index performance. Our analysis of the DAX 50 ESG further increases investor attention to sustainable financial products and enables better investment decisions.

scholarly journals O repositório e o compromisso da Universidade Aberta com os objetivos do desenvolvimento sustentável

2020 ◽  
pp. 197-202
Author(s):  
Madalena Carvalho ◽  
Sandra Caeiro
Keyword(s):  
Sustainable Development Goals ◽  
National Level ◽  
Scientific Production ◽  
The Self ◽  
Scientific Publications ◽  
The Sustainable Development ◽  
Sustainability Performance ◽  
Development Goals ◽  
Systematic Identification ◽  
Theses And Dissertations

The Portuguese Distance Learning University (UAb) assess in a holistic way the Institution's Sustainability performance. In the case of research, it is evaluated by analyzing the scientific publications deposited in the Open Repository. Since 2019, it is possible to associate to each deposit the Sustainable Development Goals (SDG) that match the publications. The objective of this work is, from the analysis of the publications of the Open Repository, to identify the SDG on which the academic and scientific production and the research carried out at UAb focus. An analysis of the representativeness of these objectives is made globally and segmented by community (Theses and Dissertations, Educational Resources and Scientific Publications). The approach adopted for the systematic identification of the SDG is also analyzed through the assessment of the degree of commitment that the authors show in the self-assigning of the SDG to their own productions. Finally, UAb’s contribution for the fulfillment and development of the SDG at national level is analyzed by assessing the relevance of the research and intellectual property work made available in the Open Repository.

scholarly journals Sustainable Development and European Banks: A Non-Financial Disclosure Analysis

2020 ◽  
Vol 12 (15) ◽  
pp. 6146
Author(s):  
Simona Cosma ◽  
Andrea Venturelli ◽  
Paola Schwizer ◽  
Vittorio Boscia
Keyword(s):  
Sustainable Development ◽  
Business Model ◽  
Sustainable Development Goals ◽  
Stock Exchange ◽  
Decision Makers ◽  
Financial Disclosure ◽  
The Sustainable Development ◽  
Support Organizations ◽  
European Banks ◽  
Development Goals

This paper aims at contributing to the debate on the relationships between the European financial sector and sustainable development. Using a non-financial disclosure analysis of 262 European banks, the research sought, first, to investigate the “scope” of the contribution of European banks to the Sustainable Development Goals (SDGs) and, second, to explore the factors that seem to differentiate the SDGs approach among banks. The results show that country of origin, legal system, and adoption of an integrated report seem to differentiate banks in terms of contribution to the SDGs. The business model and stock exchange listing, conversely, do not seem to represent discriminatory factor in the contribution of banks toward the SDGs. The study can be useful for managers and decision makers to develop policies to support organizations in contributing to the SDGs.

scholarly journals Sustainability Engagement and Earnings Management: The Italian Context

2020 ◽  
Vol 12 (12) ◽  
pp. 4881 ◽  
Author(s):  
Francesco Grimaldi ◽  
Alessandra Caragnano ◽  
Marianna Zito ◽  
Massimo Mariani
Keyword(s):  
Sustainable Development ◽  
Earnings Management ◽  
Sustainable Development Goals ◽  
Management Practices ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Financial Information ◽  
The Sustainable Development ◽  
Development Goals ◽  
Italian Context

This study aims at exploring the effect of sustainability engagement on earnings management (EM) practices with particular reference to the Italian context in the year 2018, after the implementation of Legislative Decree No. 254/2016 on the disclosure of non-financial information. This is in line with the Sustainable Development Goals (SDGs) promoted by United Nations in 2015 and specifically with SDG 12 and relative target 12.6 focusing on the adoption of sustainable practices and the integration of sustainability information into reporting on the behalf of companies. We analyzed a sample of 60 companies listed on the Italian Stock Exchange. Our results suggest that there is a slight negative relationship between sustainability engagement and earnings management practices. Indeed, our evidence shows that companies characterized by higher level of sustainability engagement are less prone to advance EM practices. To the best of our knowledge, this is the first research to investigate the effect of the sustainability engagement on EM practices with reference to a sample of Italian listed companies.

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