Table 7

Summary of evidence for ESG dimensions

ESG predictorsRelationship with bank performance
(ROE, ROA, TQ, SR)
ESG dimensionsEvidence
Environmental (ENV)PositiveENV_Ru (resource use efficiency)
ENV_Em (emission and waste reduction)
ENV_In (environmental innovation)
Positive (ROE, ROA, SR)
Neutral
Neutral
Social (SOC)PositiveSOC_Wf (workforce)
SOC_Hr (human rights)
SOC_Com (community)
SOC_Prd (product responsibility)
Neutral
Neutral
Neutral
Negative (ROE, ROA)
Governance (GOV)PositiveGOV_Mo (management and oversight)
GOV_Shr (shareholders rights)
GOV_Csr (CSR strategy)
Positive (ROE, ROA)
Neutral
Negative (SR)

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