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International Journal of Creative and Open Research in Engineering and Management

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ISSN: 3108-1754 (Online)
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Volume 02, Issue 6

Published on: June 2026

ESG PERFORMANCE EVALUATION OF NIFTY 50 COMPANIES: A COMPARATIVE STUDY

Rajnish Yadav

Dr. Anil Kumar Yadav

Department of Commerce, Deen Dayal Upadhyay Gorakhpur University, Uttar Pradesh, India
DOI:https://doi.org/10.55041/ijcope.v2i6.011

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Abstract

The present study analyzes and compares the ESG performance of NIFTY 50 companies. ESG scores of companies in NIFTY 50 index for the year 2026 were used for conducting the present analysis. In order to conduct the descriptive analysis, descriptive statistics were used to calculate the average ESG performance and identify companies with the best and worst performances in terms of sustainability. For comparing the means of the three variables, namely, Environment, Social, and Governance, Shapiro-Wilk test and Levene’s test for equality of variances were carried out. Due to the violation of the assumptions for normality and homogeneity of variances, Welch’s Analysis of Variance (ANOVA) and Games-Howell post hoc test were used. According to the analysis conducted, the mean ESG score was observed as 72.48, which implies a moderate to good performance of companies on the parameters of sustainability. Out of the three ESG variables, Governance was found to be the best dimension with an average score of 80.37, followed by Social (69.93) and Environmental (62.10). Welch’s ANOVA and Games–Howell post hoc analysis showed that all pairs were significantly different. With such a high effect size, the differences may be considered to have practical significance as well. According to the results obtained from the analysis, while the Indian blue-chip companies have sound corporate governance structures, their environmental performance is considerably poor. These conclusions are valuable for the purposes of corporate management, as well as policy-making and investing.

Keywords: ESG Performance, Environmental Score, Social Score, Governance Score, NIFTY 50, Sustainability, Welch ANOVA, Corporate Responsibility, India.

How to Cite this Paper

Yadav, R. (2026). ESG Performance Evaluation of NIFTY 50 Companies: A Comparative Study. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(6). https://doi.org/10.55041/ijcope.v2i6.011

Yadav, Rajnish. "ESG Performance Evaluation of NIFTY 50 Companies: A Comparative Study." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 6, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i6.011.

Yadav, Rajnish. "ESG Performance Evaluation of NIFTY 50 Companies: A Comparative Study." International Journal of Creative and Open Research in Engineering and Management 02, no. 6 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i6.011.

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References


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  • •Published on: Jun 02 2026
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