Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?
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Other documents of the author: Muñoz-Torres, María Jesus; Fernandez-Izquierdo, Maria Angeles; Rivera-Lirio, Juana M.; Escrig-Olmedo, Elena
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https://doi.org/10.1002/csr.1695 |
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Title
Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?Author (s)
Date
2019Publisher
WileyISSN
1535-3958; 1535-3966Bibliographic citation
MUÑOZ‐TORRES, María Jesús, et al. Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?. Corporate Social Responsibility and Environmental Management, 2019, vol. 26, no 2, p. 439-452Type
info:eu-repo/semantics/articlePublisher version
https://onlinelibrary.wiley.com/doi/full/10.1002/csr.1695Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
The development of sustainable finance favors the appearance of environmental, social, and governance (ESG) rating agencies as providers of ESG information and tools for measuring the contribution of companies to ... [+]
The development of sustainable finance favors the appearance of environmental, social, and governance (ESG) rating agencies as providers of ESG information and tools for measuring the contribution of companies to sustainable development. This paper attempts to show whether assessment methods adopted by eight ESG agencies are consistent with the Integrative ESG Sustainable Value Framework proposed according to the literature and sustainable business models (SBMs) conceptualization. An exploratory research analyzes whether these methods are identifying and/or driving more SBMs that contribute to promote the creation of sustainable value, seeking to generate economic, social, and environmental value. Results indicate that ESG rating agencies identify the short‐term results in the internal organizational perspective mainly in the environmental dimension, whereas social aspects are emphasized from the external organizational perspective. However, ESG rating agencies are not driving a more SBMs that must integrate ESG criteria in a holistic way with a short‐term and long‐term perspective. [-]
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Corporate Social Responsibility and Environmental Management, 2019, vol. 26, no 2Investigation project
European Union's Horizon 2020 Research and Innovation Programme: 693642Rights
Copyright © John Wiley & Sons
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