Document Type


First Faculty Advisor

Mark Vozella

Second Faculty Advisor

Eileen Kwesiga


sustainability; correlation; analysis


Bryant University

Rights Management



The goal of this thesis is to analyze the relationship between a company’s sustainable practices and the revenue earned in an annual reporting period. The research methodology is based on a correlation model and data was gathered from the MSCI ESG Ratings & Climate Search Tool and Calcbench to perform the analyses. A model was built to allow data input for the correlation to be ran. The results showed that many companies had highly significant relationships between their MSCI Scores and revenue for the same reporting periods. There were some companies that had negative correlations because as the score increased, the revenue decreased, and vice versa. Additionally, companies that had the same score for all reporting periods analyzed could not be included in the analysis as the correlation would result in an error.

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