Özet:

Sustainability reporting is attracting widespread interest as humanity is exposed to risks related to climate change and overexploitation of limited resources. Accordingly, many authorities have been and still are encouraging companies to disclose sustainability information for the purpose of increasing transparency and accountability in capital markets thereby ensuring stakeholder trust. However, the irregularity of sustainability reporting and the nature of non-financial information cast doubt on the usefulness of Environmental, Social and Governance (ESG) disclosure. The objective of this study is to investigate the impact of sustainability reporting on financial performance. Panel regression tests were applied to companies listed on Borsa Istanbul Metal Products Machinery Index throughout 2009-2018 in this paper. As a result, no statistically significant relationship was found between sustainability disclosure and financial performance.

Anahtar Kelimeler: