Hållbarhetsbetyget ESG - är spelreglerna desamma för alla?

Sammanfattning: The growing expansion of importance amid financial stakeholders regarding sustainability has led to an extended demand and need of reliable reporting amongst sustainability metrics. Previous research and information about ESG reporting and how ESG ratings are calculated are flawed. This thesis investigates if there are differences between how ESG ratings are assessed between companies producing daily goods and manufacturing companies in Europe. To answer this question, multiple linear regression has been used with ESG data from Bloomberg where models have been built for both industries using different techniques in order to detect differences in the model components. Ordinary Least Squares, Ridge and Lasso regression was used with different diagnostic tools to perform variable selection and determine the reliability of each model. This thesis concludes that there is a difference between the industries large manufacturing companies and daily goods producers in which variables that explains the ESG score.