Level of maturity of ESG governance practices: implications on organizational performance
DOI:
https://doi.org/10.5585/2025.27483Keywords:
ESG, maturity models, organizational performanceAbstract
Objective of the Study: This study analyzes the existence of an associative relationship between the maturity level of ESG governance practices and organizational performance.
Methodology/Approach: The sample was made up of 88 respondents from organizations from different segments based in the Southern Region of Brazil, and was collected for accessibility and convenience. Canonical correlation analysis was used to process and analyze the data.
Originality/Relevance: The relevance and contribution of this study in the scientific aspect are related to filling a gap observed in the analysis and evaluation of ESG governance practices, through understanding the maturity level, correlating them with organizational performance.
Main Results: The research showed support from the data for the hypotheses formulated, demonstrating that ESG governance practices have an associative relationship with organizational performance, as the strength of association between the dimensions presented a high and significant coefficient of variation (0.877 / p-value of 0.000), a canonical R2 of 0.769 considerable and a Wilks' Lambda of 0.226 close. It was evident that the maturity level of all organizations researched considering all proposed dimensions was the general average value of 4.03, at Level 4 of maturity, that is, ESG governance practices are established and systemic.
Theoretical/Methodological Contributions: The study emphasizes the importance of understanding the level of maturity of ESG governance practices. It also demonstrates a direct relationship between the maturity level of ESG governance practices and operational performance, offering new ideas on how these dynamics apply in a regional context.
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