A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles
Environmental, social, and governance (ESG) rating agencies, acting as relevant financial market actors, should take a stand on working towards achieving a more sustainable development. In this context, the objective of this paper is, on the one hand, to understand how criteria used by ESG rating agencies in their assessment processes have evolved over the last ten years and, on the other hand, to analyze whether ESG rating agencies are contributing to fostering sustainable development by the inclusion of sustainability principles into their assessment processes and practices according to the ESG criteria. This research is based on a comparative descriptive analysis of the public information provided by the most representative ESG rating and information provider agencies in the financial market in two periods: 2008 and 2018. The findings show that ESG rating agencies have integrated new criteria into their assessment models to measure corporate performance more accurately and robustly in order to respond to new global challenges. However, a deep analysis of the criteria also shows that ESG rating agencies do not fully integrate sustainability principles into the corporate sustainability assessment process.
Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles
Environmental, social, and governance (ESG) rating agencies, acting as relevant financial market actors, should take a stand on working towards achieving a more sustainable development. In this context, the objective of this paper is, on the one hand, to understand how criteria used by ESG rating agencies in their assessment processes have evolved over the last ten years and, on the other hand, to analyze whether ESG rating agencies are contributing to fostering sustainable development by the inclusion of sustainability principles into their assessment processes and practices according to the ESG criteria. This research is based on a comparative descriptive analysis of the public information provided by the most representative ESG rating and information provider agencies in the financial market in two periods: 2008 and 2018. The findings show that ESG rating agencies have integrated new criteria into their assessment models to measure corporate performance more accurately and robustly in order to respond to new global challenges. However, a deep analysis of the criteria also shows that ESG rating agencies do not fully integrate sustainability principles into the corporate sustainability assessment process.
Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles
Elena Escrig-Olmedo (author) / María Ángeles Fernández-Izquierdo (author) / Idoya Ferrero-Ferrero (author) / Juana María Rivera-Lirio (author) / María Jesús Muñoz-Torres (author)
2019
Article (Journal)
Electronic Resource
Unknown
Environmental, social and governance (ESG) factors , ESG rating agencies , sustainability principles , sustainable and responsible investment , sustainable development , Environmental effects of industries and plants , TD194-195 , Renewable energy sources , TJ807-830 , Environmental sciences , GE1-350
Metadata by DOAJ is licensed under CC BY-SA 1.0
The hothouse of sustainability rating
British Library Online Contents | 2000
Building Sustainability: Credit Rating Criteria
| Springer Verlag | 2018
Evaluating Project-Based Roadway Sustainability Rating System for Public Agency Use
| British Library Online Contents | 2012
Evaluating and Rating SOP Quality
| British Library Conference Proceedings | 1996