Τα ESG κριτήρια και η επίδραση τους στην αξιολόγηση της παραγωγικότητας

Ταμπάκος, Στυλιανός

ESG criteria and their impact on productivity assessment

Master Thesis

Author

Ταμπάκος, Στυλιανός

Date

2026-02

Abstract

The concept of sustainable development has become a critical priority for businesses and economies worldwide in recent years. This framework is based on the balanced interaction between economic progress, social cohesion and environmental protection, aiming at long-term prosperity without undermining the natural and social resources of future generations. In this context, ESG criteria (Environment, Society, Governance) constitute an integrated method for assessing corporate performance in a multidimensional context. Acting as a measurable valuation tool, ESG criteria produce useful conclusions about the operation of a modern business, enhancing transparency and social responsibility, while mitigating the risks associated with social and environmental factors. The purpose of this thesis is to examine the relationship between ESG practices and productivity, which is considered key to economic growth, employment and overall living standards. Specifically, the study seeks to investigate whether the integration and implementation of sustainable practices enhance efficiency or whether, on the contrary, they impose short-term costs that reduce productivity. The objectives of the study are, on the one hand, to understand the theoretical basis that connects these two concepts and, on the other hand, to present empirical data that confirm the sign of the effect of ESG criteria on the assessment of productivity. The analysis includes the theoretical foundation of the subject, where the concepts of productivity and sustainable development are analyzed, a general review of the literature is carried out and the institutional framework that has been defined in order to achieve the Sustainable Development Goals is attached. In the process, through the use of STATA, an econometric study (Fixed Effects Regression) is carried out on a sample of 50 countries, examining the relationship between ESG indicators and Total Factor Productivity (TFP). Following the macroeconomic approach, the microeconomic analysis is presented, where 50 international companies from different sectors are studied, under the light of ESG indicators, in order to highlight the impact in terms of ESG risk, while at the same time strategic case studies are utilized that offer an empirical foundation to the issue under consideration. The paper reaches conclusions, highlighting sustainability as a key tool for ensuring long-term economic resilience.

Postgraduate Studies Programme

Βιοοικονομία, Κυκλική Οικονομία και Βιώσιμη Ανάπτυξη

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/18913

Collections

Τμήμα Οικονομικής Επιστήμης

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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα