Date of Completion


Degree Type

Honors Thesis


Finance (FNCE)

First Advisor

Joshua Spizman


With climate change becoming more and more of an ominous reality, the concept of sustainability is gaining more and more traction, throughout both consumers and businesses. Companies that have implemented “green” initiatives have found that there are various potential benefits that can be derived from these sustainable practices. This study aims to quantify those benefits and examine how sustainable businesses perform in comparison to their non-sustainable counterparts. Using Newsweek’s Green Rankings, and several statistical tests, it was found that there are no statistically significant differences between sustainable firms and non-sustainable firms, showing that while sustainability may not yield any short-term benefits, there are also no additional costs incurred to implement sustainable practices.