The relationship between environmental and social sustainability disclosure and financial performance
| Financial measure | Leaders | Opportunists | Laggards | Challengers | ||||
|---|---|---|---|---|---|---|---|---|
| Environmental | Social | Environmental | Social | Environmental | Social | Environmental | Social | |
| ROA | Firm A | Firm A | Firm F | Firm C | Firm B | Firm B | Firm I | Firm I |
| Firm C | Firm D | Firm H | Firm E | |||||
| Firm D | Firm J | Firm G | Firm F | |||||
| Firm E | Firm G | |||||||
| Firm J | Firm H | |||||||
| Total revenue growth | Firm C | Firm J | Firm B | Firm B | Firm G | Firm G | Firm A | Firm A |
| Firm E | Firm F | Firm C | Firm D | Firm D | ||||
| Firm J | Firm H | Firm E | Firm I | Firm I | ||||
| Firm F | ||||||||
| Firm H | ||||||||
| Common firms | Firm C, E, J | Firm J | Firm F, H | Firm C, E, F, H | Firm I | Firm I | ||
| Financial measure | Leaders | Opportunists | Laggards | Challengers | ||||
|---|---|---|---|---|---|---|---|---|
| Environmental | Social | Environmental | Social | Environmental | Social | Environmental | Social | |
| ROA | Firm A | Firm A | Firm F | Firm C | Firm B | Firm B | Firm I | Firm I |
| Firm C | Firm D | Firm H | Firm E | |||||
| Firm D | Firm J | Firm G | Firm F | |||||
| Firm E | Firm G | |||||||
| Firm J | Firm H | |||||||
| Total revenue growth | Firm C | Firm J | Firm B | Firm B | Firm G | Firm G | Firm A | Firm A |
| Firm E | Firm F | Firm C | Firm D | Firm D | ||||
| Firm J | Firm H | Firm E | Firm I | Firm I | ||||
| Firm F | ||||||||
| Firm H | ||||||||
| Common firms | Firm C, E, J | Firm J | Firm F, H | Firm C, E, F, H | Firm I | Firm I | ||
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