A influência dos Ods no desempenho de mercado em empresas de Capital da B3

Abstract

As society recognizes the need to address socio-environmental issues as a fundamental part of economic development, as well as understands the importance of creating actions that help in the development of a more sustainable environment, socio-environmental issues become increasingly relevant. In this scenario, the Sustainable Development Goals (SDGs) stand out as guidelines for achieving a balanced world. This study analyzes the influence of the SDGs on the market value performance of B3 companies that issue sustainability reports/integrated reports, as well as the influence of endogenous (size and corporate governance) and exogenous (ISE) variables on market performance. In order to achieve the objective of the research, a quantitative research, of a descriptive nature, was carried out through the collection of data in the sustainability reports of 270 companies and in Economatica, during the period from 2018 to 2020. Then, data analysis was performed by linear regression and correlation. The research showed that, among the variables analyzed, most are positively related, with emphasis on the relationship between the market and the size of the company and the relationship between the former and the Corporate Governance Level (NGC). As a result, being part of the ISE portfolio did not generate a higher market value. Another negative point noted was the decrease in the disclosure index of words linked to the SDGs. This study contributed to sharing the relevance of social and environmental actions in the result of the value of companies' shares