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Impact of Country-level Environmental, Social and Governance Pillars on Sustainable Development Goals: Evidence from G20 Countries

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Listed:
  • Muskan Sahu

  • Anisha Mishra

Abstract

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 FGLS Regression to check the robustness of the results. The study offers valuable insights for policymakers and regulators focused on SDG achievement.

Suggested Citation

  • Muskan Sahu & Anisha Mishra, 2023. "Impact of Country-level Environmental, Social and Governance Pillars on Sustainable Development Goals: Evidence from G20 Countries," International Journal of Accounting, Business and Finance, Indian Accounting Association, Patna Branch, vol. 3(1), pages 15-29.
    • Handle: RePEc:dbs:ijabfi:v:3:y:2023:i:1:p:15-29:id:126
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    File URL: https://www.ijabf.in/index.php/IJABF/article/view/126
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    References listed on IDEAS

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    Cited by:

    1. Rami Salem & Musa Ghazwani, 2026. "The Impact of Corporate Responsiveness to Global Anti‐Corruption Initiatives on Enhancing Corporate Emissions Performance: The Moderating Role of CSR Sustainability Committee. Evidence From G20 Firms," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(1), pages 299-320, February.
    2. Amal Yamani, 2024. "The synergistic influence of board gender diversity and audit committee on the financial performance of Saudi Arabian banks," International Journal of Accounting, Business and Finance, Indian Accounting Association, Patna Branch, vol. 3(2), pages 61-77.

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