
Does Sustainability Pay?
In our latest report, we examine whether investor returns are greater for businesses which undertake more strategic and impactful sustainability behaviours. In this report we:
- Share the key features of the data used for the analysis of portfolio risks and returns based on the characteristics of company sustainability initiatives.
- Leverage that data to empirically test a range of propositions related to the impact of sustainability behaviour on risk-adjusted returns.
- Propose a complete Business Impact Maturity (BIM) model to evaluate Company sustainability performance, including the purpose, strategic, organisational and cultural elements of maturity.
- Distil the key insights emerging from the results of the analyses and conceptual developments into key implications for different stakeholder groups including businesses, investors and financial institutions, policymakers and international institutions.
Authors

Livio Scalvini
Executive Director, Leonardo Centre on Business for Society

Maurizio Zollo
Professor of Strategy & Sustainability, Scientific Director, Leonardo Centre on Business for Society