On the Validity of Environmental Performance Metrics

Verfasser / Beitragende:
[Natalia Semenova, Lars Hassel]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 132/2(2015-12-01), 249-258
Format:
Artikel (online)
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024 7 0 |a 10.1007/s10551-014-2323-4  |2 doi 
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245 0 0 |a On the Validity of Environmental Performance Metrics  |h [Elektronische Daten]  |c [Natalia Semenova, Lars Hassel] 
520 3 |a Different proprietary databases have been used extensively in research to assess the environmental performance and environmental risk of companies. This study explores the convergent validity of the environmental ratings of MSCI ESG STATS (formerly known as Kinder, Lydenberg, and Domini Research & Analytics; KLD), Thomson Reuters ASSET4 (ASSET4) and Global Engagement Services (GES). The study shows that the ratings have common dimensions, but on aggregate, they do not converge. On the environmental opportunity side, KLD environmental strengths, and ASSET4 and GES environmental performance metrics correlate highly and provide convergent scores for US companies from 2003-2011. On the environmental risk side, KLD environmental concerns converge with the GES environmental industry risk and company emissions from the ASSET4 database. Further analysis confirms that industry-related risks are drivers of company-specific environmental performance. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Convergent validity  |2 nationallicence 
690 7 |a Corporate environmental responsibility  |2 nationallicence 
690 7 |a Environmental performance  |2 nationallicence 
690 7 |a Environmental risk  |2 nationallicence 
690 7 |a Measurement  |2 nationallicence 
690 7 |a Ratings  |2 nationallicence 
700 1 |a Semenova  |D Natalia  |u Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden  |4 aut 
700 1 |a Hassel  |D Lars  |u Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 249-258  |x 0167-4544  |q 132:2<249  |1 2015  |2 132  |o 10551 
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900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
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950 |B NATIONALLICENCE  |P 700  |E 1-  |a Semenova  |D Natalia  |u Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Hassel  |D Lars  |u Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 249-258  |x 0167-4544  |q 132:2<249  |1 2015  |2 132  |o 10551