Extract
[...] There is no universal consensus that the profitability of airlines increases with increased ESG performance. We have rather found that there are several contextual and contingent factors that moderate this relationship. This shows that the relationship is rather nuanced and difficult to predict. Lee, Kim, and Ham (2018) perfectly illustrate the complexity of the relationship between ESG criteria and airline profitability. They demonstrate that this relationship is moderated by variables such as the type of airline (here, the authors distinguish between low-cost and full-service airlines); they also show that performance is moderated by general economic conditions. [...]
[...] Although these are crucial aspects, it seems that other important perspectives are missing to understand the integration of ESG issues in the aviation sector. For example, we refer to the costs of ESG investments, how is access to green financing? On the other hand, what about the specific issues of the aviation sector such as carbon compensation and/or the impact of noise? References: Articles from journals classified in FNEGNE: Herremans, I. M., Nazari, J. A., & Mahmoudian, F. (2016). Stakeholder relationships, engagement, and sustainability reporting.Journal of Business Ethics, 138, 417-435. Zieba, M., & Johansson, E. [...]
[...] Measurement validation of a consumer-driven environmental, social, and governance (ESG) index for the airline industry.Journal of Sustainable Tourism, 1-23. https://doi.org/10.1080/09669582.2024.2351179 Dixit, A., Choi, T. M., Kumar, P., & Jakhar, S. K. (2024). Roles of reciprocity and fairness concerns in airline-airport systems with environmental considerations.European Journal of Operational Research, 312(3), 1011-1023. https://doi.org/10.1016/j.ejor.2023.07.016 Sreenath, S., Sudhakar, K., & Yusop, A. F. (2021). Sustainability at airports: Technologies and best practices from ASEAN countries.Journal of Environmental Management, https://doi.org/10.1016/j.jenvman.2021.113639 Mousavi, S., & Bossink, B. A. (2017). [...]
[...] (2019). Every little helps? ESG news and stock market reaction.Journal of Business Ethics, 157, 543-565. Ahn, Y. (2022). A socio-cognitive model of sustainability performance: Linking CEO career experience, social ties, and attention breadth.Journal of Business Ethics, 175(2), 303-321. [...]
[...] Sustainability reporting, materiality, and accountability assessment in the airport industry.Business Strategy and the Environment, 28(7), 1370-1405. https://doi.org/10.1002/bse.2321 Li, D. C., & Merkert, R. (2023). "Door-to-door" carbon emission calculation for airlines-Its decarbonization potential and impact.Transportation Research Part Transport and Environment, https://doi.org/10.1016/j.trd.2023.103849 Li, X., Fan, Y., & Wu, L. (2017). CO2 emissions and expansion of railway, road, airline and in-land waterway networks over the 1985-2013 period in China: A time series analysis.Transportation Research Part Transport and Environment, 57, 130-140. Liu, H., Stockwell, N., Rodgers, M. [...]
