Unveiling the ESG- firm performance Link in Mining: Examining the role of Climate change and greenhouse gas emission as moderator
DOI: https://doi.org/10.5281/zenodo.21875935
Sarita Sahoo, Pinaki Nandan Pattnaik
Views: 49 | Downloads: 33
Keywords:
ESG Score, Firm Performance, ROE Accounting Performance, ROA Accounting Performance, Tobin’s Q Market Performance, Mining Sector
Abstract:
Environmental, Social, and Governance (ESG) performance is increasingly viewed as a lever for responsible business growth and long-term value creation. This study explores how ESG practices influence firm performance and market value, particularly when aligned with environmental commitments such as greenhouse gas reduction and climate action. Focusing on Indian firms, the research applies a panel data approach and fixed-effects regression to assess both the direct and moderating effects of ESG dimensions on financial outcomes. The findings suggest that ESG engagement when embedded with a genuine environmental intent can enhance organizational accountability and stakeholder trust. Furthermore, the moderating role of climate responsiveness and emission management underscores the importance of integrating sustainability within core corporate strategy. By shifting the lens from ESG as a compliance measure to a performance enabler, this study presents a roadmap for firms to pursue environmental and financial goals in tandem. It highlights the need for contextual, metrics-driven ESG strategies tailored to local and sector-specific challenges.