| Title | A multicriteria model, based on the PROMETHEE II, for assessing corporate sustainability |
|---|---|
| ID_Doc | 67945 |
| Authors | Bezerra, PRS; Schramm, F; Schramm, VB |
| Title | A multicriteria model, based on the PROMETHEE II, for assessing corporate sustainability |
| Year | 2021 |
| Published | Clean Technologies And Environmental Policy, 23, 10 |
| Abstract | As global inequality and climate change concerns increase, consumers and investors are looking for products and services that have been produced through sustainability processes, practices, and policies. Consequently, plenty of instruments for evaluation of corporate sustainability have been developed and applied worldwide. A research problem that emerges from this topic is how effective these instruments are? Usually indexes are used to assess sustainability, which are the given by the aggregation of various indicators. Various sustainable corporate indexes have been proposed and applied. A recent literature review on models for assessing corporate sustainability revealed us an increase in using multicriteria methods to assess sustainability. Various different type of multicriteria methods have been applied, but in only 7% of the cases, a non-compensatory method was applied. Compensation is a not desired effect when we are looking for sustainability-in practice, when compensation occurs, a disadvantage in some criteria can be compensated for by a large advantage in another criterion. The review also showed other critical issues related with dimensions of sustainability, which are considered in these models, and aspects related to the development of these instruments. These issues impact the quality of the evaluation and consequently can lead to misinterpretation. Therefore, the goal of this paper is to propose a model for evaluation of corporate sustainability, which allows to evaluate sustainability considering economic, social, and environmental perspectives as well as observing aspects of corporate governance. The model is based on the multicriteria method PROMETHEE II that is non-compensatory, avoiding trade-offs among dimensions. The model was applied to four Brazilian construction companies. The results showed us that the model is mathematically consistent and it requires low cognitive effort to be applied, that is, decision makers find it easy to understand the concepts and parameters inherent in the method. The model can be used to evaluate companies from different sectors. |
Similar Articles
| ID | Score | Article |
|---|---|---|
75570
|
Garcia, S; Cintra, Y; Torres, RDSR; Lima, FG Corporate sustainability management: a proposed multi-criteria model to support balanced decision-making(2016) | |
| 68411
|
Büyüközkan, G; Karabulut, Y Sustainability performance evaluation: Literature review and future directions(2018) | |
| 71602
|
Sureeyatanapas, P; Yang, JB; Bamford, D Evaluation of Corporate Sustainability(2014)Frontiers Of Engineering Management, 1.0, 2 | |
| 17913
|
Politis, Y; Grigoroudis, E Incorporating the Sustainability Concept in the Major Business Excellence Models(2022)Sustainability, 14, 13 | |
| 17957
|
Sebestyén, V; Fejes, R; Tóth, E; Tóth-Nagy, G; Kurdi, R University of Pannonia Sustainability index (UPSi) for corporate sustainability(2024) | |
| 76398
|
Ersoy, N Entropy Based Hybrid MCDM Approach for Measuring the Corporate Sustainability Performance(2018)Ege Academic Review, 18, 3 | |
| 70532
|
Saulick, P; Bokhoree, C; Bekaroo, G Business sustainability performance: A systematic literature review on assessment approaches, tools and techniques(2023) | |
| 74267
|
Bartkus, EV; Grunda, R Business Sustainability Assessment: Comparing Results of Two Studies(2011)Inzinerine Ekonomika-Engineering Economics, 22, 1 | |
| 73090
|
Jones, AL; Thompson, CH The sustainability of corporate governance - considerations for a model(2012)Corporate Governance-The International Journal Of Business In Society, 12, 3 | |
| 66975
|
Rycroft, T; Wood, M; Zemba, V; Kennedy, A; Weiss, C; Desmet, D; Ali, R; Linkov, I Assessing the sustainability of advanced materials using multicriteria decision analysis and the triple bottom line(2019)Integrated Environmental Assessment And Management, 15, 6 |