Definition of the ESG measure
| Variables | Points |
|---|---|
| Environmental inspections | |
| 1 |
| 1 |
| 1 |
| 1 |
| Social responsibility inspections | |
| 1 |
| 1 |
| 1 |
| Governance inspections | |
| 1 |
| 1 |
| 1 |
| Total points | 10 |
| Variables | Points |
|---|---|
Firm has no issues related to environmental liability at court | 1 |
Firm has no environmental liability imposed by public authorities such as penalty and failure to pay | 1 |
Firm has certificates related to environmental responsibility | 1 |
Air emissions from the industry: Low emission industry | 1 |
Firm has no issue related to the social responsibility at court | 1 |
Firm has no liability on social responsibility such as penalty and failure fees | 1 |
Firm has certificates related to social responsibility | 1 |
Firm has no court issues on governance | 1 |
Firm has no liability related governance such as authority’s penalty and failure fees | 1 |
Firm has certificates related to good governance | 1 |
| Total points | 10 |
The table presents the list of indicators for the total ESG score from Suomen Asiakastieto database. The total score was classified into three categories, environmental inspections; social responsibility inspections; and governance inspections
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