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The esg effect: performance shifts in the energy sector post Paris climate agreement
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Resumo(s)
This thesis examines the influence of Environmental, Social, and Governance (ESG) criteria
on companies within the energy sector. By constructing portfolios of top and bottom performers
across four different ESG categories, this study analyzes their performance using various
financial ratios and compares them through regression and factor analysis models. The findings
show that portfolios composed of the bottom 15 performers generally outperform those of top
performers from 2009 to 2015. However, this trend reverses when the top and bottom 10
performers, particularly post Paris Climate agreement, highlighting the relationship between
ESG ratings and financial returns.
Descrição
Palavras-chave
Esg integration Energy sector Top / bottom performers portfolios Risk-reward analysis Factor analysis Sustainable investing