Work

Sustainability and Financial Performance: Exploring the Interconnections Through the Accounting Perspective in Romania

Year: 2025

Type: article

Abstract: Amid the EU's transition to mandatory sustainability reporting (CSRD), this study explores the relationship between ESG performance and financial results among five major Romanian energy companies.Using a mixed-methods approach, it reveals significant positive correlations between ESG scores, sustainability investments, and financial indicators (ROA, ROE, net profit).The findings underscore the role of accounting in integrating ESG data, enhancing transparency, and supporting strategic decisions.Companies with consistent non-financial reporting and stronger ESG engagement show superior profitability.This research contributes to the understanding of sustainable accounting as a driver of competitiveness in Romania's evolving corporate governance landscape.

Source: Annals of Dunarea de Jos University of Galati Fascicle I Economics and Applied Informatics

DOI: 10.35219/eai15840409534

Author: Florentina Moisescu

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $32

OpenAlex ID: W4416319402

FWCI:

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