Social sustainability and financial performance of multilatinas: the moderating role of board independence and the sustainability committee Aguilera Caracuel, Javier Guerrero-Villegas, Jaime Ahmadova, Gozal Bornay Barrachina, Mar Funding for open access publishing: Universidad de Granada/CBUA. This research work is funded by the R&D&i Project Ref. TED2021-130960A-I00, funded by the Strategic Projects Oriented towards the Ecological Transition and the Digital Transition 2021 (Spanish Research Agency, NextGeneration EU), and by the R&D&i Project Ref. C-SEJ-128-UGR23, co-funded by the Regional Ministry of University, Research and Innovation and by the European Union under the Andalusia ERDF Program 02021–2027. This research has also been partially funded by the Excellence Unit "Advanced Research in Economics and Business" of the University of Granada Ref. UCE2023-A-2024-03 and by the Unit of Excellence of the University Campus of Melilla (University of Granada, Spain). Ref. UCE-PP2024-02. This research also received funding for open access charge: Universidad de Granada/CBUA. We thank Instituto Europeo de Sostenibilidad en Gestión (iESG) and members of ISDE research group (SEJ-481) for their support and insightful suggestions to enhance the scientific quality and rigour of this research. Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, Increasing demands are being placed on organisations to promote the economic, social and environmental welfare of the societies within which they operate. The social dimension of sustainability is an issue of current research interest, especially with respect to firms in emerging markets. In contributing to the welfare and progress of the societies in which they operate, these firms may also enhance the motivation and participation of their human resources. In this study, the generalised method of moments is applied to data from 115 multilatinas in Mexico and South America, for the period 2015–2022, to consider whether a firm’s adoption of internal and external social sustainability practices improves financial performance. In addition, we examine whether board independence and sustainability committees play a significant moderating role in equipping multilatinas to adopt social sustainability practices that enhance financial performance. 2025-07-28T07:39:28Z 2025-07-28T07:39:28Z 2025-07-25 journal article Aguilera-Caracuel, J., Guerrero-Villegas, J., Ahmadova, G. et al. Social sustainability and financial performance of multilatinas: the moderating role of board independence and the sustainability committee. Rev Manag Sci (2025). https://doi.org/10.1007/s11846-025-00922-w https://hdl.handle.net/10481/105709 https://doi.org/10.1007/s11846-025-00922-w eng open access Springer Nature