INTERNATIONAL JOURNAL OF ACCOUNTING AND BUSINESS MANAGEMENT (IJABM)
Impact of Country-level Environmental, Social and Governance Pillars on Sustainable Development Goals: Evidence from G20 Countries
E-ISSN: 4556-2236
P-ISSN: 5433-437X
DOI: https://iigdpublishers.com/article/409
Due to current economic ambiguities, achieving Sustainable Development Goals (SDGs) has become increasingly significant. This study investigates how environmental, social, and governance (ESG) indicators impact SDG achievements in G20 countries. The study uses renewable energy consumption as the environmental pillar, primary education as the social pillar, and governance effectiveness as the governance pillar. Control variables include gross domestic product and foreign direct investments. The random effect estimation was applied to 16 G20 countries spanning from 2000 to 2020, and the findings revealed a significant negative impact of renewable energy consumption on SDG scores. Similarly, a significant negative impact of primary education on SDG scores and a significant positive impact of governance effectiveness on SDG scores. We also employed Panel-Corrected Standard Errors (PCSE) and Cross-Sectional Time-Series Feasible Generalized Least Squares Regression to check the robustness of the results. The study offers valuable insights for policymakers and regulators focused on SDG achievement.
Muskan Sahu & Anisha Mishra
Al-Ahdal, W. M., Almaqtari, F. A., Zaid, D. A., Al-Homaidi, E. A., & Farhan, N. H. (2022). Corporate
characteristics and leverage: evidence from Gulf countries. PSU Research Review, 6(2).
https://doi.org/10.1108/PRR-01-2020-0001
Al-Ahdal, W. M., & Prusty, T. (2020). Does board structure index and ownership structure index
impact on top listed Indian company’s performance? International Journal of Business
Governance and Ethics, 14(4). https://doi.org/10.1504/IJBGE.2020.110831
Abid, N., Ikram, M., Wu, J., & Ferasso, M. (2021). Towards environmental sustainability: Exploring
the nexus among ISO 14001, governance indicators and green economy in Pakistan.
Sustainable Production and Consumption, 27, 653–666.
https://doi.org/10.1016/j.spc.2021.01.024
Almaqtari, F. A., Al Ahdal, W. M., Arafat, M. M. Y., & Farhan, N. (2023). Impact of country-level governance on entrepreneurial performance: a cross-country analysis. Afro-Asian J. of Finance and Accounting, 1(1). https://doi.org/10.1504/aajfa.2023.10061718
Al-Matari, E. M., Al-Ahdal, W. M., Farhan, N. H., Senan, N. A. M., & Tabash, M. I. (2020). Determinants of top executive management effect on firm performance in the financial sector: Panel data approach. Contaduriay Administracion, 65(4).
https://doi.org/10.22201/fca.24488410e.2020.2414
