Environmental, Social Initiatives Lead to Greater Returns in High-Income Nations

PENN STATE SCHOOL OF HOSPITALITY MANAGEMENT | July 30, 2024

Hospitality firms participating in environmental, social and governance practices in high-income nations can generate increased return on assets UNIVERSITY PARK, Pa. — Global sustainability initiatives like the environmental, social and governance (ESG) investing principle may lead to greater financial gains for hospitality firms in high-income countries but not in low-income nations, according to new findings from researchers in the Penn State School of Hospitality Management. Penn State doctoral student Samantha Hwang and Professor of Hospitality Management Seoki Lee led a research team that assessed how implementing practice...