Research project granted funding by Liikesivistysrahasto

The research project The relationship between sustainability and profit making: How to measure and analyse ESG information to support sustainable business? has received 200 000 euros funding from the Foundation for Economic Education (Liikesivistysrahasto). The research group consists of eight researchers, which all are affiliated with Hanken. The principal investigator of the project is Hanna Silvola, Associate Professor in Accounting at Hanken.

In this study, the researchers examine how accounting can help business organizations to run sustainable business and make profits, in line with each other, not against each other. They study how to measure and analyse ESG information to support sustainable business. ESG stands for the company’s environmental impact, social impact and governance – meaning that companies need to tell about their environmental, social and governance issues.

“Sustainability is a great possibility for Finnish companies to build competitive advantage, but our businesses indeed need more information on how to do it. Therefore, this research project will produce results that have – in addition to the academic contribution – high practical relevance for Finnish companies”, says Hanna Silvola.