ANALYSIS OF THE CORRELATION BETWEEN FINANCIAL PERFORMANCE AND ESG FACTORS AT EU LEVEL IN THE ENERGY INDUSTRY
ANALYSIS OF THE CORRELATION BETWEEN FINANCIAL PERFORMANCE AND ESG FACTORS AT EU LEVEL IN THE ENERGY INDUSTRY

Summary/Abstract: Social responsibility, a concept that emerged after the Second World War, with a continuous evolution, proportional to that of the economic environment, represents one of the major concerns of the E.U. Through various directives and programs, this has been placed as a moral obligation to the actors of the economic environment, an important category in their structure having corporations. Stimulating the attention of corporations towards social responsibility through different forms influences, depending on the involvement of each company, its financial results. In the present research paper, I conducted a study on the energy sector, a study in which I followed the existing correlation between ESG factors and financial performance, finally creating a multiple linear regression model. Modeling and data processing in order to create the econometric model was possible with the help of the S.P.S.S statistical program.

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