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Does SDG-13 disclosure impact the performance of insurance companies?

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  • Di Tommaso, Caterina
  • Mazzuca, Maria
  • Pacelli, Vincenzo

Abstract

In this research, we investigate how compliance with SGD-13 impacts the financial standing and risk profiles of insurance companies worldwide. We apply a differences-in-differences methodology, which allows us to assess the unique effects of SGD-13 compliance within the insurance sector. Our findings reveal that insurance companies compliant with SDG-13 experience greater profitability with an additional effect in the period following the introduction of SDG-13. Moreover, the insurance companies compliant with SDG-13 decrease their solvency ratio and their price volatility. Finally, the findings reveal that insurance companies compliant with SDG-13 in low-to-middle-income countries derive more substantial profitability and risk benefits than their high-income country.

Suggested Citation

  • Di Tommaso, Caterina & Mazzuca, Maria & Pacelli, Vincenzo, 2025. "Does SDG-13 disclosure impact the performance of insurance companies?," Research in International Business and Finance, Elsevier, vol. 77(PA).
    • Handle: RePEc:eee:riibaf:v:77:y:2025:i:pa:s027553192500159x
    DOI: 10.1016/j.ribaf.2025.102903
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