<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2683-2690</journal-id>
<journal-title><![CDATA[The Anáhuac journal]]></journal-title>
<abbrev-journal-title><![CDATA[The Anáhuac j.]]></abbrev-journal-title>
<issn>2683-2690</issn>
<publisher>
<publisher-name><![CDATA[Universidad Anáhuac del Sur S.C., Facultad de Economía y Negocios]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2683-26902025000100102</article-id>
<article-id pub-id-type="doi">10.36105/theanahuacjour.2025v25n1.2845</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Impact of ESG Performance on the Profitability of MILA Companies: The Moderating Role of Board Composition]]></article-title>
<article-title xml:lang="es"><![CDATA[Impacto del desempeño ASG en la rentabilidad de las empresas del mercado MILA: el rol moderador de la composición del directorio]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hernández Pajares]]></surname>
<given-names><![CDATA[Julio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Chau Miyakawa]]></surname>
<given-names><![CDATA[Kiara]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mansilla Mahmud]]></surname>
<given-names><![CDATA[Macarena]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Piura  ]]></institution>
<addr-line><![CDATA[Lima ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2025</year>
</pub-date>
<volume>25</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2683-26902025000100102&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2683-26902025000100102&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2683-26902025000100102&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This study examines the relationship between ESG (environmental, social, and governance) scores and corporate profitability, focusing on the moderating effects of board composition and the presence of a sustainability committee. A panel data regression analysis was used for the study, based on data from the Dow Jones Sustainability Index MILA Pacific Alliance and the annual reports of 56 &#8220;Best in Class&#8221; companies from 2020 to 2022. The results reveal a positive and significant impact of environmental and social ESG scores on ROA (return on assets) and environmental and governance scores on ROE. Furthermore, the presence of women on boards significantly moderates the relationship between ESG scores and ROA and ROE. Board size and independence significantly moderate the relationship between governance ESG score and ROE. The sustainability committee also positively moderates the link between environmental ESG scores and ROE. This study contributes to the literature on the relationship between ESG criteria and profitability, highlighting the moderating role of corporate governance in contributing to Latin American companies&#8217; involvement in sustainable development.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El estudio examina la relación entre las puntuaciones ESG y la rentabilidad empresarial, centrándose en los efectos moderadores de la composición del directorio y la presencia de un comité de sostenibilidad. Para el estudio se utilizó un análisis de regresión de datos de panel, basado en datos del Dow Jones Sustainability Index MILA Pacific Alliance y los informes anuales de 56 empresas «Best in Class» de 2020 a 2022. Los resultados revelan un impacto positivo y significativo de las puntuaciones ambientales y sociales ESG en el ROA y de las puntuaciones ambientales y de gobernanza en el ROE. Además, la presencia de mujeres en los consejos modera significativamente la relación entre las puntuaciones ESG y el ROA y el ROE. El tamaño del consejo y la independencia moderan de forma significativa la relación entre la puntuación ESG de gobernanza y el ROE. Asimismo, el comité de sostenibilidad también modera positivamente la relación entre las puntuaciones ESG medioambientales y el ROE. Este estudio contribuye a la literatura sobre la relación entre criterios ASG y rentabilidad, destacando el papel moderador del gobierno corporativo, como aporte para las empresas latinoamericanas en su involucramiento con el desarrollo sostenible.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[ESG Scores]]></kwd>
<kwd lng="en"><![CDATA[Board Composition]]></kwd>
<kwd lng="en"><![CDATA[Corporate Governance]]></kwd>
<kwd lng="en"><![CDATA[Sustainability Committee]]></kwd>
<kwd lng="en"><![CDATA[MILA market]]></kwd>
<kwd lng="es"><![CDATA[puntuaciones ESG]]></kwd>
<kwd lng="es"><![CDATA[composición de directorio]]></kwd>
<kwd lng="es"><![CDATA[gobierno corporativo]]></kwd>
<kwd lng="es"><![CDATA[comité de sostenibilidad]]></kwd>
<kwd lng="es"><![CDATA[mercado MILA]]></kwd>
</kwd-group>
</article-meta>
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