Graduation Year

2023

Date of Submission

12-2022

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics-Accounting

Reader 1

Marc Massoud

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© 2022 Matthew J. Landeros

Abstract

Throughout this paper, we will define and explore both sustainability and ESG and their growing importance to participants in capital markets, with a particular focus on the tense states of both American and British capital markets. We will then identify current sustainability metrics, such as GRI and CDP, and why they are partially ineffective in their mission to properly convey the full truth behind sustainable corporate behaviors. Additionally, we will address how impact-weighted accounting, specifically from a product approach, can potentially function as a better alternative of measuring sustainable corporate behaviors and quantifiably represent them in a company’s financial statements through monetary terms that are easily feasible, comparable, and scalable. In order to properly do so, we will conclude by applying this approach to five public companies in the food service industry through the sustainability framework established in a working paper by George Seraferim and Katie Trinh from Harvard Business School (Serafeim, Trinh, 2020).

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