Impact of ESG Practices on the Firm’s Performance: A Longitudinal Study on Emerging Markets

This study investigated the relationship between business performance in emerging markets (BICS countries) and ESG disclosure scores. Overall, it did not find any correlation between different performance indicators and ESG scores. It's interesting to see that higher overall ESG scores were linked to greater share prices and earnings per share (EPS). This implies that businesses with robust ESG policies may ultimately perform better than others. The study emphasises how ESG may help create value and support sustainable corporate success in emerging markets. It highlights how crucial ESG is to investors, companies, and legislators.