Level of maturity of ESG governance practices: implications on organizational performance

Luciano Trentin; Moacir Marques

doi:10.5585/2025.27483

Authors

Luciano Trentin Universidade Regional de Blumenau (FURB), Blumenau, Santa Catarina, Brazil https://orcid.org/0000-0002-7916-3536
Moacir Marques Universidade do Vale do Itajaí (UNIVALI), Itajaí, Santa Catarina, Brazil https://orcid.org/0009-0007-5614-4731

DOI:

https://doi.org/10.5585/2025.27483

Keywords:

ESG, maturity models, organizational performance

Abstract

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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Author Biographies

Luciano Trentin, Universidade Regional de Blumenau (FURB), Blumenau, Santa Catarina, Brazil

Doctor in Accounting and Administration

Moacir Marques, Universidade do Vale do Itajaí (UNIVALI), Itajaí, Santa Catarina, Brazil

Master in Transport Engineering and Territorial Administration

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