This research delves into the connection between companies' adoption of sustainability strategies and the consequent effects this has on their overall performance. Based on a global panel of companies listed between 2015 and 2021, utilizing panel data analysis with fixed effects regression, the findings indicate that a genuinely implemented sustainable strategy significantly contributes to the enhancement of firm performance. Moreover, the efficacy of the sustainable strategy is shaped by its incorporation into ownership structures characterized by dispersed ownership, highlighting the pivotal role of board independence in fostering value creation. The study reveals variations specific to each sector, challenging the applicability of a universal approach across all industries. The findings highlight the importance of these approaches in cultivating favorable environmental results, emphasizing the vital links between environmentally sustainable business practices, strategic decision‐making, and their impact on the environment.

中文翻译：

---

深入研究可持续发展战略的影响：探索可持续发展委员会对公司绩效的影响


本研究深入探讨了公司采用可持续发展战略与其对其整体绩效产生的影响之间的联系。基于 2015 年至 2021 年间上市的全球公司小组，利用具有固定效应回归的面板数据分析，结果表明，真正实施的可持续战略对提高公司绩效有重大贡献。此外，可持续战略的有效性是通过将其纳入以分散所有权为特征的所有权结构而形成的，突出了董事会独立性在促进价值创造方面的关键作用。该研究揭示了每个行业特有的差异，对通用方法在所有行业的适用性提出了挑战。研究结果强调了这些方法在培养有利环境结果方面的重要性，强调了环境可持续的商业实践、战略决策及其对环境的影响之间的重要联系。