Navigating ESG complexity: An in-depth analysis of sustainability criteria, frameworks, and impact assessment
Eskantar M. Zopounidis C. Doumpos M. Galariotis E. Guesmi K.
October 2024Elsevier Inc.
International Review of Financial Analysis
2024#95
Environmental, social, and governance (ESG) criteria serve to gauge a companys sustainability and societal impact. The evaluation of a firms performance on these ESG criteria involves a thorough examination of its practices and policies across various domains, encompassing environmental responsibility, labor standards, human rights, corporate governance, and community engagement. Despite the considerable body of research in this domain, the absence of a universally accepted ESG framework and the lack of consensus on the practical utilization of diverse ESG indicators remain noteworthy challenges. With this backdrop, our study has two primary objectives. Firstly, we present a comprehensive framework that encompasses an extensive range of ESG criteria and associated indicators. Additionally, we gauge the relevance of these indicators by examining their correlation with ESG scores obtained from a prominent rating agency. To accomplish this, we employ a non-parametric regression analysis approach rooted in the multicriteria decision-making preference disaggregation paradigm. We present empirical findings based on an international dataset spanning the years 2006 to 2020.
Corporate responsibility , Environmental and social transition , ESG criteria and ESG performance , Multicriteria decision aid , Regression analysis
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Technical University of Crete, School of Production Engineering and Management, University Campus, Chania, 73100, Greece
Department of Accounting and Finance, Bang College of Business, KIMEP University, Dostyk Ave 87, Almaty, 050000, Kazakhstan
CRECC - Paris School of Business, France
Technical University of Crete
Department of Accounting and Finance
CRECC - Paris School of Business
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026