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1st Edition

Corporate ESG Transformation Financial and Managerial Perspectives

Edited By Joanna Błach, Monika Foltyn-Zarychta Copyright 2027

298 Pages 16 B/W Illustrations

by Routledge

Description

This book offers a comprehensive, multidimensional examination of how firms move from symbolic sustainability commitment declarations toward genuine Environmental, Social, and Governance (ESG) transformation. It advances ESG scholarship in three key ways. First, it introduces the concept of the ESG transformation gap and proposes an original set of measurement tools that provide a new framework... Read more

Table of Contents

List of tables, figures, case studies

Introduction: Corporate ESG Transformation: Financial and Managerial Perspectives

Chapter 1. Corporate ESG Transformation - Definition and Factors

Danuta Kozłowska-Makóś, Anna Sikora and Joanna Błach

1.1. Introduction

1.2. Definition of ESG transformation

1.2.1. Definition of ESG: conceptual diversity and reporting perspectives

1.2.2. Definition of ESG transformation: from disclosure to strategic integration

1.3. Regulatory framework of corporate ESG transformation

1.4. Non-regulatory external factors of corporate ESG transformation

1.5. Internal factors of corporate ESG transformation

1.6. Main research topics and emerging trends in international studies on corporate ESG transformation

1.7. Conclusions

Reference list

Chapter 2. Corporate ESG Transformation Gap - Measurement and Controversies

Danuta Kozłowska Makóś, Rafał Zachorowski and Krzysztof Pałęga

2.1. Introduction

2.2. Conceptualization and definition of corporate ESG transformation gap

2.3. Identification and classification of ESG transformation gaps

2.4. Operationalization and measurement of ESG transformation gap

2.4.1. Measurement approaches in the literature and supervisory reports

2.4.2. Proposed operationalization framework and measurement procedure

2.5. Conclusions

Reference list

Chapter 3. Consequences of Corporate ESG Transformation - Financial Perspective

Joanna Błach, Maria Gorczyńska, Iwona Gorzeń-Mitka and Małgorzata Lipowicz

3.1. Introduction

3.2. Costs of ESG transformation

3.3. ESG transformation and financial performance

3.4. Value creation through ESG

3.5. Financial decisions in terms of ESG transformation

3.6. Sustainability-oriented corporate debt securities

3.7. Conclusions

Reference list

Chapter 4. Consequences of Corporate ESG Transformation - Managerial Perspective

Iwona Gorzeń-Mitka

4.1. Introduction

4.2. ESG Transformation and Managerial Implications

4.3. Strategic and Operational Consequences

4.4. Tools and Managerial Practices Supporting ESG Transformation

4.5. Conclusions

Reference list

Chapter 5. Corporate ESG Transformation - Households’ Perspective as Stakeholders

Monika Foltyn-Zarychta, Michał Mrowiec and Marcin Tomecki

5.1. Introduction

5.2. The role of stakeholders in the corporate ESG transformation

5.3. Households as consumers and their role as stakeholders in ESG transformation

5.4. Households as investors and their role as stakeholders in ESG transformation

5.5. Conclusions

Reference list

Chapter 6. Sustainability Performance and Cost of Capital in ESG-Transforming Markets: Mechanisms and Determinants

Rafał Buła and Monika Foltyn-Zarychta

6.1. Introduction

6.2. Literature review and hypotheses development

6.3. Sample and methodology

6.4. Results

6.5. Discussion

6.6. Conclusions

Reference list

Final remarks

Index

Editor(s)

Biography

Joanna Błach is an Associate Professor in the Department of Corporate Finance and Insurance, University of Economics, Katowice, Poland.

Monika Foltyn-Zarychta is an Associate Professor in the Department of Investment, University of Economics, Katowice, Poland.

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