Análise da relação entre os indicadores econômicos de distribuição de riqueza e ESG do setor de consumo da B3, no período de 2014-2021

Abstract

Based on the Stakeholder Theory, this article aims to identify the association between economic performance indicators; wealth generation and distribution (DVA); and environmental, social and corporate governance (ESG) for companies listed in the Consumer Sectors, from 2014 to 2021. Quantitative, descriptive and documentary research techniques were used, with a sample composed of ten companies, with the main sample size limiting the availability of ESG data. On average, wealth distribution benefited mainly personnel (34.10%) and government (21.75%), with a lower coefficient of variability, respectively; there was positive profitability and profitability in the period; and the Consumer Sectors showed good performance and an average degree of transparency regarding the disclosure of ESG data. The annual evolution of the ESG indicates constant growth, but with no change in range, except for the social component, which rose from 49.26 to 54.10 points in 2015; and reduced from 61.75 to 60.09 in 2020, rising to 62.64 in 2021. A positive and significant association was observed between DVA indicators and profitability and profitability, except for wealth distribution with personnel and third-party capital, which were inverse. The environmental component is inversely and significantly associated with the distribution of wealth with personnel; while the social component is positively correlated with tax payments (government). The environmental component also showed a significant and inverse relationship with gross margin. This study contributes to the national literature by highlighting the relationship between VAD and ESG indicators.