Impactos dos incentivos fiscais nas práticas de ESG das companhias abertas brasileiras

Abstract

Tax incentives are configured as public policy instruments capable of influencing corporate economic and strategic behavior, particularly in the context of corporate sustainability. This study aims to analyze the impacts of tax incentives on the adoption of ESG practices by Brazilian publicly traded companies. Methodologically, the research is characterized as quantitative and descriptive in nature, relying on documentary research based on the analysis of secondary data extracted from ESG information databases and from the companies’ financial statements from 2020 to 2024. The data were analyzed using statistical techniques, with emphasis on regression models. The results of the econometric models show that tax incentives do not have a statistically significant association with ESG performance, nor with the performance of the environmental, social, and governance dimensions when analyzed separately. Nevertheless, the average results of the indicators indicate that companies receiving tax incentives have higher average performance, suggesting that tax incentives contribute to strengthening ESG practices. As a contribution, this study expands the national literature by providing empirical evidence on the effectiveness of tax incentives as a mechanism to foster corporate sustainability and offers support for public policy formulation and managerial decision-making.