Prácticas sostenibles y desempeño financiero en Latinoamérica: un análisis de las calificaciones ambientales
Resumen
Objetivo: En este estudio, se investigó la relación entre las calificaciones ambientales y el desempeño financiero de las empresas latinoamericanas.
Diseño/Metodología: Partiendo de un conjunto de datos que abarcó 1 708 observaciones de 372 empresas entre 2015 y 2020, este estudio utilizó datos de panel para analizar la relación entre las calificaciones ambientales y la rentabilidad de los activos.
Resultados: Según los hallazgos empíricos, el impacto del actual desempeño ambiental en América Latina sobre el desempeño financiero de las empresas de la región es limitado. A pesar de ello, se observaron resultados positivos en Brasil, México y Chile, donde se destaca la exitosa integración de prácticas ambientales y resultados financieros.
Conclusiones: Gracias al análisis del impacto de las calificaciones ambientales, sociales y de gobernanza—en particular las ambientales—sobre la rentabilidad de los activos de las empresas latinoamericanas, este estudio contribuye a una comprensión más profunda de la compleja relación entre la sostenibilidad y el desempeño financiero en la región. Además, destaca los retos y oportunidades que las empresas latinoamericanas enfrentan al momento de alinear su desempeño ambiental con su rentabilidad. De igual forma, pone de manifiesto la necesidad de desarrollar estrategias y mecanismos más efectivos para reducir la brecha entre los resultados en materia ambiental y financiera. A pesar de los avances logrados en América Latina en la consolidación de prácticas ambientales, persiste la apremiante necesidad de crear estrategias sólidas que integren de manera eficiente la sostenibilidad y la rentabilidad.
Originalidad: Este estudio ofrece valiosas orientaciones para los responsables del diseño de políticas, inversionistas y empresas que desean comprender la interacción entre la sostenibilidad y el éxito financiero en América Latina.
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