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Sustainability ratings of defense companies and arms exports to war zones
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Resumo(s)
This thesis analyzes whether ESG scores differ between companies that export arms to war zones
and companies that do not, and whether the ESG scores of companies that export more weapons
to more war zones differ from companies with fewer exports to fewer war zones. The findings
indicate that common ESG ratings assessing financial sustainability risks relative to peer
industries tend to be positively related to arms exports to war zones. Large discrepancies are
found between the expectations of consumers about ESG ratings and the actual approaches of
these ratings.
Descrição
Palavras-chave
Corporate sustainability Social responsibility Esg rating agencies Esg rating disagreement Esg scores methodologies Defense industry Arms exports