Browsing by Author "Lundgren, Anton"

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    Challenges faced and strategies employed in early ESRS E5 Resource use and circular economy implementation - A qualitative analysis within the manufacturing industry in Sweden
    (2024-08-15) Lundgren, Anton; Lindén, Victor; University of Gothenburg/Graduate School; Göteborgs universitet/Graduate School
    Background: In response to growing concerns over sustainability, the EU has introduced the Corporate Sustainability Reporting Directive (CSRD) to enhance transparency in sustainability reporting. This directive mandates compliance with European Sustainability Reporting Standards (ESRS), notably ESRS E5, focusing on resource use and circular economy. However, the implementation presents challenges for large Swedish manufacturing firms due to increased reporting requirements and complexities of implementation. Purpose: This thesis aims to explore the early stage implementation of the ESRS E5 standard in large Swedish manufacturing companies. The study focuses on the challenges faced by these companies during the implementation process and identifying the strategies employed to address these challenges. Method: A qualitative research approach was adopted for this study, utilizing semi-structured interviews complemented by document reviews. Five qualitative semi-structured interviews were held with appropriate personnel at five large manufacturing firms in Sweden in order to gather the empirical results. Conclusion: The analysis of the study highlights four main challenges connected to the early implementation stage of ESRS E5 in large Swedish manufacturing companies. These challenges are, uncertainties surrounding the new regulation, the more extensive nature of the CSRD, value chain complexities, and external pressures. Organizational strategies mostly connected to knowledge acquisition were observed as responses to these challenges. It was discovered that firms make use of both external and internal sources for gaining new knowledge.
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    Real Estate and ESG Rating A cross-sectional study of ESG Risk, ESG Management and financial performance
    (2022-06-30) Wojtowicz Hallberg, Alexander; Gellerman, Daniel; Lundgren, Anton; University of Gothenburg/Department of Business Administration; Göteborgs universitet/Företagsekonomiska institutionen
    Environmental destruction and social sustainability issues are more relevant than ever. The human impact causing social and environmental destruction has led to a forced market movement worldwide where sustainability awareness has grown amongst stakeholders. The use of company ESG ratings when evaluating a company and its financial performance has increased during recent years because of this. The purpose of this thesis is to define the quantitative relationship between company ESG Risk Rating measured by Sustainalytics and the financial performance of companies within the Scandinavian real estate industry. The thesis also aims to answer if strong ESG Management Score implies good financial performance within the same subindustry. Previous research shows no distinct answer regarding the topic which invites new empirical evidence to answer the question. Four hypotheses are formulated to answer the research questions. The hypotheses seek to analyse the correlation between ESG Risk Rating and two financial ratios through regression analyses and ANOVA tests. The financial ratios used in the analysis are price-to-book ratio and return on equity. The analysis including the return on equity did not show significant results. From the significant test results, the conclusion that ESG performance negatively correlate with price-to-book ratio could be made.