Climate change and sustainable development challenges have significant impact on business strategies. Corporate social responsibility (CSR) is becoming more and more integral to a business's strategy, its values, and its daily life cycle. Energy sector is under increasing pressure from society due to its huge environmental footprint and social importance. As environmental expectations increase, the energy sector must adapt to this, taking into account social-environmental issues and finding new solutions, which will undoubtedly have an impact on its financial performance. There are limited number of studies dealing with the impact of CSR initiatives on financial performance of energy companies. The paper aims to examine the impact of CSR activities on companies' financial performance in the Lithuanian energy sector. The new method of CSR performance assessment of energy companies was developed and applied in this case study. The relevant financial performance indicators were selected to measure the impact of CSR on financial performance of energy companies. The results of the study, which examined nine Lithuanian energy companies, showed the dominating neutral relationship between CSR and financial performance during 2017–2020 period.

中文翻译：

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社会责任对能源部门企业财务绩效的影响：来自立陶宛的证据

气候变化和可持续发展挑战对商业战略产生重大影响。企业社会责任 (CSR) 越来越成为企业战略、价值观和日常生活周期不可或缺的一部分。由于其巨大的环境足迹和社会重要性，能源部门正承受着越来越大的社会压力。随着环境期望的提高，能源部门必须适应这一点，考虑到社会环境问题并寻找新的解决方案，这无疑会对其财务业绩产生影响。关于企业社会责任倡议对能源公司财务业绩影响的研究数量有限。本文旨在研究企业社会责任活动对立陶宛能源部门公司财务业绩的影响。本案例研究开发并应用了能源公司 CSR 绩效评估的新方法。选取相关财务绩效指标衡量企业社会责任对能源企业财务绩效的影响。该研究调查了 9 家立陶宛能源公司，结果显示，在 2017-2020 年期间，企业社会责任与财务绩效之间呈主导的中性关系。