Działania prośrodowiskowe a wskaźniki finansowe organizacji
Pro-Environmental Activities and Financial Indicators of an Organization

Summary/Abstract: Purpose: The article aims to determine the relationship between the scope of reporting proenvironmental initiatives and the financial results of an organization. Design/methodology/approach: The article uses the method of text analysis of non-financial reports of organizations operating in the food industry sector listed on the Warsaw Stock Exchange. Thirteen criteria related to pro-environmental activities were indicated according to which the analysis was conducted. In terms of these criteria, the surveyed organizations were divided into two groups: group 1 – from 7 to 13 criteria and, group 2 – fewer than 7 criteria were reported. They were a measure of the communication scope of pro-environmental activities. Two most popular financial indicators were adopted: return on assets (ROA) and return on equity (ROE). Findings: An analysis was carried out using statistical methods to verify the hypotheses. The data statistical analysis did not allow for confirmation of the assumed research hypotheses about the positive impact of the reporting activities’ scope on both ROA and ROE. The surveyed organizations were divided into two groups, and their differences were analyzed for significance. No statistically significant disparities were found. Research limitations/implications: In the conducted research, some limitations were also identified, i.e. a small research sample or the lack of an obligatory form of reporting. Originality/value: The article examines how the scope of reporting pro-environmental activities affects the financial results of an organization. There is a discrepancy in the literature regarding these relationships; therefore, it is necessary to conduct further research in this area.

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