scholarly journals Esg company ratings – the nature and features of formation

2020 ◽  
Vol 67 (6) ◽  
pp. 104-113
Author(s):  
O. Tyvonchuk
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Sustainability Assessment ◽  
Corporate Sustainability ◽  
Management Decision ◽  
Rating Agencies ◽  
Management Decision Making ◽  
History Of ◽  
Financial Decision ◽  
Market Coverage

The article examines the essence of ESG ratings, the causes and history of their origin and dissemination. It has been found that sustainable development of the companies is in the interests of both investors, companies themselves and other stakeholders, as there is a clear positive correlation between commercial success, financial performance and the efforts of businesses to implement the principles of sustainable development. One of the important tools for evaluating the effectiveness of sustainable development of companies, their risks and potential opportunities in environmental, social and corporate governance spheres are ESG ratings, which provide the conversion of large amounts of information into assessments that can be used in management decision-making. It has been defined that ESG ratings are determined by more than one hundred specialized rating agencies and companies – providers of information and financial decision-making tools. The classification and characteristics of the main ESG ratings are presented. The proposed classification differentiates ESG ratings on such attributes as the level of coverage of companies; specialization; transparency of formation methodology; information used for ratings’ preparation; scale used to rank companies. Examination of the nine best in terms of quality and usefulness international ESG ratings (RobecoSAM Corporate Sustainability Assessment, Climate, Water & Forest Scores, Sustainalytics' ESG Risk Ratings, MSCI ESG Ratings, ISS ESG Governance QualityScore, ISS-Oekom Corporate Rating, Bloomberg ESG Disclosure Scores, FTSE Russell's ESG Ratings, Thomson Reuter's ESG Scores) and the first in Ukraine professional corporate sustainability rating Sustainable Ukraine allowed to establish that they differ significantly in algorithms of their formation, areas and indicators for companies’ assessment, sources of data used, etc., however, the common characteristics of the most authoritative ESG ratings are wide market coverage, transparency and correctness of the methodology used, experience and competence of specialists – developers of ratings.

ANALYSIS OF THE IMPLEMENTATION OF THE TRANSITION STRATEGY TO ENVIRONMENTALLY SUSTAINABLE ECONOMIC DEVELOPMENT OF THE TERRITORIES

2020 ◽  
Author(s):  
V.N. Kurdyukov ◽  
◽  
A.I. Lebedev ◽  
M. Hamdi ◽  
A. Ademu
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Social Groups ◽  
Management Decision ◽  
Environmentally Sustainable ◽  
Transition Strategy ◽  
Management Decision Making ◽  
Decision Making System ◽  
Agricultural Areas ◽  
Development Gap

The article considers ecological-economic obstacles to the transition to sustainable development in various territories. The limitations and gaps of the management decision-making system in the Territories have been identified, as well as the need to adequately take into account the interests of various States and social groups in order to address them. The importance of these factors is growing in the context of the widening development gap between urbanized and agricultural areas.

scholarly journals CREATIVE TRANS-BORDER COOPERATION IN THE FIELD OF OPERATIONS RESEARCH AND SUSTAINABLE DEVELOPMENT IN CIVIL ENGINEERING

2021 ◽  
Vol 27 (6) ◽  
pp. 1613-1639
Author(s):  
Oleg Kapliński ◽  
Tatjana Vilutienė
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Operations Research ◽  
Construction Management ◽  
Operational Research ◽  
Civil Engineering ◽  
Multiple Criteria Decision Making ◽  
Management Decision ◽  
Management Decision Making ◽  
Theory Application

The paper presents an overview of the history and achievements of trans-border cooperation in the Lithuania-Germany-Poland triangle in planning instruments in Construction Management, decision-making theory, application of Operational Research, and Multiple Criteria Decision Making (MCDM) methods in Civil Engineering and sustainable development. The cooperation and results of the Colloquiums with 35 years of tradition, their multidimensional nature is underlined. The research instruments, methods, studied phenomena are reviewed and characteristic applications in engineering and economics are presented. The knowledge and combined efforts of three academic centers have created a synergy which set in motion many original methods and spectacular implementations. The Colloquium calendar and the evolution of organizational forms are presented along with the inclusion of the informal EURO Working Group on Operations Research in Sustainable Development and Civil Engineering.

scholarly journals Spatial and temporal quantification of forest residue volumes and delivered costs

2016 ◽  
Vol 46 (6) ◽  
pp. 832-843 ◽  
Author(s):  
Lucas A. Wells ◽  
Woodam Chung ◽  
Nathaniel M. Anderson ◽  
John S. Hogland
Keyword(s):  
Decision Making ◽  
Basal Area ◽  
Management Decision ◽  
Forest Inventory And Analysis ◽  
Forest Residue ◽  
Management Decision Making ◽  
Sensing Model ◽  
History Of ◽  
Quadratic Mean Diameter

Growing demand for bioenergy, biofuels, and bioproducts has increased interests in the utilization of biomass residues from forest treatments as feedstock. In areas with limited history of industrial biomass utilization, uncertainties in the quantity, distribution, and cost of biomass production and logistics can hinder the development of new bio-based industries. This paper introduces a new methodology to quantify and spatially describe delivered feedstock volumes and costs across landscapes of arbitrary size in ways that characterize operational and annual management decision-making. Using National Agricultural Imagery Program (NAIP) imagery, the forest is segmented into operational-level treatment units. A remote sensing model based on NAIP imagery and Forest Inventory and Analysis plot data are used to attribute treatment units with stand-level estimates of basal area, tree density, aboveground biomass, and quadratic mean diameter. These methods are applied to a study site in southwestern Colorado to assess the quantity and distribution of treatment residue for use in bioenergy production. Results from the case study demonstrate how this generalized approach can be used in the analysis and decision-making process when establishing new bioenergy industries that use forest residue as feedstock.

scholarly journals Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles

2019 ◽  
Vol 11 (3) ◽  
pp. 915 ◽  
Author(s):  
Elena Escrig-Olmedo ◽  
María Fernández-Izquierdo ◽  
Idoya Ferrero-Ferrero ◽  
Juana Rivera-Lirio ◽  
María Muñoz-Torres
Keyword(s):  
Sustainable Development ◽  
Financial Market ◽  
Sustainability Assessment ◽  
Corporate Sustainability ◽  
Descriptive Analysis ◽  
Public Information ◽  
Assessment Process ◽  
Rating Agencies ◽  
The One ◽  
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.

Centralization and Effectiveness of Reward Management in Multinational Enterprises

2018 ◽  
Vol 17 (2) ◽  
pp. 55-65 ◽  
Author(s):  
Michael Tekieli ◽  
Marion Festing ◽  
Xavier Baeten
Keyword(s):  
Decision Making ◽  
Social Identity Theory ◽  
Multinational Enterprises ◽  
Role Identity ◽  
Management Decision ◽  
Role Identities ◽  
Management Decision Making ◽  
New Perspective ◽  
Subsidiary Managers ◽  
The Relationship

Abstract. Based on responses from 158 reward managers located at the headquarters or subsidiaries of multinational enterprises, the present study examines the relationship between the centralization of reward management decision making and its perceived effectiveness in multinational enterprises. Our results show that headquarters managers perceive a centralized approach as being more effective, while for subsidiary managers this relationship is moderated by the manager’s role identity. Referring to social identity theory, the present study enriches the standardization versus localization debate through a new perspective focusing on psychological processes, thereby indicating the importance of in-group favoritism in headquarters and the influence of subsidiary managers’ role identities on reward management decision making.

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