Pardalopoulos, Stylianos Georgios

2023-06-23T11:39:40Z

https://repository.ihu.edu.gr//xmlui/handle/11544/30318

Quantifying

Firm value

Energy

Quantifying Sustainability's impact on a firm value: A framework for a heavy industry company

2022-09

free

School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management

This paper analyzes the framework of sustainability strategies focused to a Greek aluminum company and then estimates any economic benefits that may occur in specific areas. We use the return of sustainability investment (ROSI) methodology which was created by CSB of Stern in order to bridge the gap between financial performance and sustainability strategies. We focused on the energy use and the employee well-being within the firm by using ROSI’s resources and tools. We collected data from Alumil SA for the year period 2019 and 2020 and analyzed the sustainability program in these years. We were able to identify those changes in the working status of the employees, specifically the hire of more hourly wage employees than fixed salary was beneficial for the financial performance of the firm. Furthermore, despite the efforts of the firm to decrease the use of conventional energy means and carbon emissions we find out that the economic benefits were relatively low. Also, we were able to estimate that in 2021 the firm we will increase the environmental footprint as well as the social carbon cost. It is worth mentioning that through this dissertation we were able to understand that despite the sustainability reporting of Alumil SA which was first started in 2019, necessary data were absent thus meaning estimates from European and global organization were taken.

Archontakis, Fragiskos

ihu