We present a master’s thesis developed under the POWER Project, entitled “Does Gender Diversity on Boards Relate to ESG Performance?”, written by Anne Sophie Grübler and under the scientific supervision of Maria João Guedes.
This study analyzes the relationship between the presence of women on boards of directors and companies’ ESG (environmental, social and governance) results. Using a sample of 1,878 European companies for the period 2012-2022 and the Gender-Balance-on-Boards (GBB) index to measure gender diversity, the analysis shows a positive but non-linear relationship between the proportion of women on boards and companies’ ESG performance.
You can consult this research paper here.
