Master Thesis Online
The impact of the EU Emissions Trading System on the ESG performance score of European companies
Van Gyseghem, Thomas 
Promotor(s) :
Delfosse, Vincent
Date of defense : 10-Jun-2024/22-Jun-2024 • Permalink : http://hdl.handle.net/2268.2/19767
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| Title : | The impact of the EU Emissions Trading System on the ESG performance score of European companies |
| Translated title : | [fr] L'impact du système d'échange de quotas d'émission de l'UE sur le score de performance ESG des entreprises européennes. |
| Author : | Van Gyseghem, Thomas
|
| Date of defense : | 10-Jun-2024/22-Jun-2024 |
| Advisor(s) : | Delfosse, Vincent
|
| Committee's member(s) : | Mernier, Lorren
|
| Language : | English |
| Number of pages : | 87 |
| Keywords : | [en] ESG [en] sustainable finance [en] carbon pricing [en] EU ETS |
| Discipline(s) : | Business & economic sciences > Finance |
| Target public : | Researchers Student General public |
| Institution(s) : | Université de Liège, Liège, Belgique |
| Degree: | Master de spécialisation en gestion des risques financiers |
| Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] The goal of this study is to analyse the correlation between the price of carbon within the EU ETS framework and the evolution of the ESG score of various European companies. In order to find consistent data, we focus on the companies of a selected number of sectors of the Euro Stoxx 600 index. By doing so, we have found on Refinitiv Eikon Datastream, a consistent set of ESG data of companies most susceptible to have been influcenced by the price of carbon within the EU ETS.
Lastly, we analyse the environmental and managerial actions companies can take and how they can impact their ESG scores in a carbon-pricing environment. As a result, we demonstrated that there exists a statistically significant positive impact of carbon price on the various ESG scores of carbon-intensive companies of the STOXX Europe 600 Index during the period 2008 to 2021.
File(s)
Document(s)
The impact of the EU Emissions Trading System on the ESG performance score of European Companies.pdf
Description:
Size: 2.2 MB
Format: Adobe PDF
Annexe(s)
The impact of the EU Emissions Trading System on the ESG performance score of European Companies_Data.xlsx
Description: All the data used during this master thesis
Size: 1.66 MB
Format: Microsoft Excel XML
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