Ο ρόλος των ESG κριτήριων και η στρατηγική ανάπτυξης στον κλάδο του New Space : συγκριτική ανάλυση μικρομεσαίων και μεγάλων επιχειρήσεων

Αρζουμανιάν, Χρήστος

The role of ESG criteria and the development strategy in the New Space sector : a comparative analysis of small and medium-sized enterprises and large corporations

Master Thesis

Author

Αρζουμανιάν, Χρήστος

Date

2025-10

Abstract

The study explores in depth the integration of ESG criteria within the emerging New Space ecosystem, where private innovation, new markets, and the rapid scaling of services coexist with increasing environmental, social, and governance risks. A mixed ESG benchmarking methodology is adopted, using a 0–2 evaluation scale, based on primary and secondary data from corporate reports and institutional frameworks, complemented by strategic analysis tools (PESTEL, SWOT). The sample covers three categories: (a) large American corporations, (b) European SMEs, and (c) Earth Observation (EO) startups, allowing comparisons across firms of different sizes, sectors, and geographical contexts. The results indicate higher maturity and transparency among large groups (especially listed companies), gradual yet uneven integration among European SMEs, and an “ESG by design” approach among startups, with governance remaining the main gap. The PESTEL analysis highlights regulatory and financial accelerators within the EU and a lack of binding commitments globally, while the SWOT analysis reveals strong technological dynamics but weaknesses in indicator standardization and SME access to ESG finance. Policy recommendations include the alignment of the EU Taxonomy with the CSRD, the institutionalization of a Space Sustainability Rating, the inclusion of ESG clauses in public–private partnerships (PPPs), and tailored operational guidelines per company category (KPIs, digital ESG monitoring, data ethics). The study contributes to the development of a practical “Space-ESG” framework, bridging technological sustainability with financial transparency.

Postgraduate Studies Programme

Οικονομική και Επιχειρησιακή Στρατηγική

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

104

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/18733

Collections

Τμήμα Οικονομικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα