caa a22 4500 60548645X CHVBK 20210128100445.0 cr unu---uuuuu 210128e20151201xx s 000 0 eng 10.1007/s10551-014-2323-4 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2323-4 On the Validity of Environmental Performance Metrics [Elektronische Daten] [Natalia Semenova, Lars Hassel] 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. Springer Science+Business Media Dordrecht, 2014 Convergent validity nationallicence Corporate environmental responsibility nationallicence Environmental performance nationallicence Environmental risk nationallicence Measurement nationallicence Ratings nationallicence Semenova Natalia Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden aut Hassel Lars Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden aut Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 249-258 0167-4544 132:2<249 2015 132 10551 https://doi.org/10.1007/s10551-014-2323-4 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2323-4 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Semenova Natalia Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden aut NATIONALLICENCE 700 1- Hassel Lars Umeå School of Business and Economics, Umeå University, 90187, Umeå, Sweden aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 249-258 0167-4544 132:2<249 2015 132 10551