Table 6. Correlation matrix Variable ESG... | Emerald Publishing

Table 6.

Correlation matrix

Variable	ESG	Environmental	Social	Governance	NFRD	ROA
Environmental	0.757*	–	–	–	–	–
Social	0.911*	0.701*	–	–	–	–
Governance	0.617*	0.150	0.336*	–	–	–
NFRD	0.209	0.238	0.231	0.028	–	–
ROA	−0.074	−0.040	−0.013	−0.160	0.072	–
Ln_Assets	0.519*	0.378*	0.433*	0.372*	0.198	−0.321*

Variable	ESG	Environmental	Social	Governance	NFRD	ROA
Environmental	0.757*	–	–	–	–	–
Social	0.911*	0.701*	–	–	–	–
Governance	0.617*	0.150	0.336*	–	–	–
NFRD	0.209	0.238	0.231	0.028	–	–
ROA	−0.074	−0.040	−0.013	−0.160	0.072	–
Ln_Assets	0.519*	0.378*	0.433*	0.372*	0.198	−0.321*

Note:

*Denotes significance at 0.001