ENVIRONMENTAL, SOCIAL, GOVERNANCE PRACTICES AND INNOVATION: EVIDENCE AMONG BRAZILIAN PUBLICLY CAPITAL COMPANIES

• Autor(a) principal: Rizzi, Denise Isabel
• Data de Publicação: 2024
• Outros Autores: Gomes Rocha Ferreira, Lucas Benedito, Rodrigues, Sidnei Manoel, de Souza, João Artur
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/10679
• topic: Environmental, Social and Governance; Sustainability; Innovation; Brazil; Ambientales, Sociales y de Gobernanza; Sustentabilidad; Innovación; Brasil; Environmental, Social and Governance; Sustentabilidade; Inovação; Brasil

Organizations have expressed growing concerns about Socially Responsible Investment, as it does not only consider the financial return but also considers Environmental, Social, and Governance (ESG) practices created to establish additional dimensions of corporate performance, which are not limited to financial data. These sustainable practices give firms greater competitiveness in the market and greater recognition by shareholders, making them directly linked to organizations' innovative power. In addition, how the company cares for and manages the natural environment in which it operates determines these ESG practices, which are considered a differential in leveraging the market. Thus, this study aims to evaluate the effect of ESG practices on innovation in the context of Brazilian companies listed on the Brasil Bolsa Balcão (B3). To this end, we conducted descriptive documentary research with a quantitative approach by analyzing secondary data extracted from Refinitiv Eikon. The research sample corresponded to 125 companies listed on B3 between 2016 and 2020. The results point to a significant and positive relationship between the ESG variables and the capacity for environmental innovation, as well as a positive and significant relationship in the probability of companies supporting Sustainable Development Goal 9, Industry, Infrastructure, and Innovation. With this, it was possible to identify the need to propose policies to support the adoption and encouragement of ESG practices to promote a greater capacity for innovation in firms.