Comparative Analysis of ESG and Financial Performance Across Technology, Healthcare, and Consumer Goods Industries: A Study of Dominant Companies
Year: 2024
Type: article
Abstract: This study delves into the comparative analysis of Environmental, Social, and Governance (ESG) factors and financial performance across three distinct industries: Technology, Healthcare, and Consumer Goods. The research aims to understand the relationship between ESG integration and financial outcomes, examining dominant companies within each sector. In the technology sector, Apple Inc. exemplifies robust ESG practices, including renewable energy projects and sustainable material sourcing, which correlate with strong financial performance metrics. Johnson & Johnson, representing the healthcare industry, demonstrates significant progress in healthcare access and environmental sustainability, reflecting positively on financial indicators. Procter & Gamble (P&G) in the consumer goods sector exhibits notable efforts in waste reduction and sustainable sourcing, contributing to market leadership and financial stability. While ESG integration appears to positively influence financial performance across these industries, the extent of alignment varies, suggesting the need for further research and sector-specific strategies. The findings underscore the importance of transparent ESG reporting and tailored strategies to drive long-term value creation and resilience in today's evolving business landscape.
DOI: 10.54097/dzy7wf87
Author: Honghui Zhou
Institution: Wenzhou-Kean University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4402710283