HYPERION ECONOMIC JOURNAL

Hyperion University of Bucharest
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Sustainability in the Capital Markets and Sustainable Indices

Keywords: sustainability , ESG principles , Capital markets , Sustainable indices , green economy

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Authors:
  • Cornel PANAIT, PhD. Student, Affiliation: Romanian Academy, School of Advanced Studies of the Romanian Academy, Doctoral School of Economic Sciences, National Institute for Economic Research "Costin C. Kirițescu", Romania;
  • Liviu-Gelu DRAGHICI, PhD. Student, Affiliation: Romanian Academy, School of Advanced Studies of the Romanian Academy, Doctoral School of Economic Sciences, National Institute for Economic Research "Costin C. Kirițescu", Romania;
  • Isabelle Margareta OPREA, Affiliation: Romanian Academy, School of Advanced Studies of the Romanian Academy,
    Doctoral School of Economic Sciences, National Institute for Economic Research "Costin C. Kirițescu", Romania;
Pages:  113 : 121
Abstract: The integration of sustainability principles into capital markets has gained increasing significance, driven by environmental, social, and governance (ESG) concerns. This paper examines the role of sustainable practices in capital markets, focusing on their potential to address ecological challenges, promote social equity, and enhance corporate governance. The research aims to evaluate how ESG criteria influence corporate financial performance, and market structures, with particular emphasis on sustainability indices. The study employs desk analysis of reports and a literature review to explore the evolution of ESG-focused investments, the challenges of quantifying and reporting sustainability, and the impact of ESG criteria on financial performance. Special attention is given to sustainable indices such as the S&P 500 ESG Index and the Dow Jones Sustainability World Index, comparing their methodologies and effectiveness in reflecting sustainable practices. Findings highlight the growing importance of ESG principles, which increasingly shape investment strategies and corporate policies.
JEL classification: G10, G11, Q01, Q56, M14

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G10, G11, Q01, Q56, M14

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