Performance das empresas do Índice ICO2 da B3

Abstract

This work analyzes the profitability of companies involved in B3's ICO2 Index, which includes companies with sustainable practices and social responsibility. The research is motivated by the growing relevance of sustainability in the business environment and the inclusion of environmental, social and governance (ESG) criteria in corporate assessment. Financial indicators, such as ROA and ROE, were used to evaluate the performance of companies from 2020 to 2023. The results indicate that companies with better carbon efficiency tend to present greater profitability, showing a positive relationship between sustainable practices and financial performance. However, the analysis also reveals significant variations in financial performance between companies, reducing the fact that specific factors, such as management and sector of activity, are also important determinants. This study contributes to understanding the impact of sustainable practices on business profitability, reinforcing the importance of transparency and environmental responsibility in corporate operations.