Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • More ESG Research
  • Submit an article
  • More
    • About JESG
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Impact and ESG Investing
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Impact and ESG Investing

The Journal of Impact and ESG Investing

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • More ESG Research
  • Submit an article
  • More
    • About JESG
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Sustainable Consumption and Production, Climate Change and Firm Performance

Maretno Agus Harjoto, Clemens Kownatzki, Jillian Alderman and Robert Lee
The Journal of Impact and ESG Investing Winter 2021, 2 (2) 8-34; DOI: https://doi.org/10.3905/jesg.2021.2.2.008
Maretno Agus Harjoto
is a professor of finance at the Pepperdine Graziadio Business School at Pepperdine University in Malibu, CA
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Clemens Kownatzki
is an assistant professor of finance at the Pepperdine Graziadio Business School at Pepperdine University in Malibu, CA
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Jillian Alderman
is an assistant professor of accounting at the Pepperdine Graziadio Business School at Pepperdine University in Malibu, CA
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Robert Lee
is an associate professor of accounting at the Pepperdine Graziadio Business School at Pepperdine University in Malibu, CA
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

This article proposes and finds evidence of correlations between a company’s environmental, social, and corporate governance (ESG) score and its sustainable consumption and production and climate change initiatives. Additionally, aligned with the natural resource–based view, the authors hypothesize a positive relationship among sustainable consumption and production, climate action, and company performance. Using Trucost environmental and Paris alignment data, we find that a company’s overall ESG score is aligned with its sustainable consumption production and climate action. The environmental score is aligned, but social and governance scores are negatively related (not aligned) with a company’s sustainable consumption and production and climate action. Additionally, companies’ sustainable consumption and production and climate action offer 0.3%—0.8% annualized excess stock returns and 12.5%—20% higher return on assets (ROA) for a 1% increase in companies’ ability to meet these goals. This article provides insights for asset managers relying on ESG for investment selection and corporate managers attempting to improve their ESG score.

  • © 2021 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Impact and ESG Investing: 2 (2)
The Journal of Impact and ESG Investing
Vol. 2, Issue 2
Winter 2021
  • Table of Contents
  • Index by author
  • Complete Issue (PDF)
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Impact and ESG Investing.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Sustainable Consumption and Production, Climate Change and Firm Performance
(Your Name) has sent you a message from The Journal of Impact and ESG Investing
(Your Name) thought you would like to see the The Journal of Impact and ESG Investing web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Sustainable Consumption and Production, Climate Change and Firm Performance
Maretno Agus Harjoto, Clemens Kownatzki, Jillian Alderman, Robert Lee
The Journal of Impact and ESG Investing Nov 2021, 2 (2) 8-34; DOI: 10.3905/jesg.2021.2.2.008

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Sustainable Consumption and Production, Climate Change and Firm Performance
Maretno Agus Harjoto, Clemens Kownatzki, Jillian Alderman, Robert Lee
The Journal of Impact and ESG Investing Nov 2021, 2 (2) 8-34; DOI: 10.3905/jesg.2021.2.2.008
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • LITERATURE AND HYPOTHESES
    • DATA, MEASUREMENTS, AND EMPIRICAL MODELS
    • MULTIVARIATE REGRESSION ANALYSIS
    • CONCLUSION
    • ACKNOWLEDGMENTS
    • APPENDIX
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 2693-1982 | E-ISSN: 2693-1974

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy