Esg ratings divergence & developing a proprietary Esg scorecard

Bibliographic Details
Main Author: Bonnike, Lucas Sander
Publication Date: 2020
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/105987
Summary: This paper analyses the divergence in Environmental, Social, and Governance(ESG) ratings between two leading providers: Sustainalytics and RobecoSAM.It finds that there are significant divergences in ratings between the two providers and that the rating correlation between them is much lower when compared to the correlation observed between credit rating agency scores. This applies to both their composite ESG ratings and their unidimensional Environmental, Social, and Governance scores. Additionally, this paper attempts to build a transparent, reliable, and cost-effective proprietary ESG scorecard by using a limited amount of data points, however the resulting scores are weakly correlated to the agency ratings.
id RCAP_8ace98ac313ca7af89bb2d6715b71232
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network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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spelling Esg ratings divergence & developing a proprietary Esg scorecardESG ratingsESG rating agenciesProprietary ESG scorecardsESG scoringSustainable investmentsEnvironmentalSocialGovernance performanceCorporate sustainabilityDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper analyses the divergence in Environmental, Social, and Governance(ESG) ratings between two leading providers: Sustainalytics and RobecoSAM.It finds that there are significant divergences in ratings between the two providers and that the rating correlation between them is much lower when compared to the correlation observed between credit rating agency scores. This applies to both their composite ESG ratings and their unidimensional Environmental, Social, and Governance scores. Additionally, this paper attempts to build a transparent, reliable, and cost-effective proprietary ESG scorecard by using a limited amount of data points, however the resulting scores are weakly correlated to the agency ratings.Ribeiro, Gonçalo SommerRUNBonnike, Lucas Sander2023-01-03T01:30:21Z2020-01-242020-01-032020-01-24T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/105987TID:202494730enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T17:48:19Zoai:run.unl.pt:10362/105987Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:19:34.254685Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Esg ratings divergence & developing a proprietary Esg scorecard
title Esg ratings divergence & developing a proprietary Esg scorecard
spellingShingle Esg ratings divergence & developing a proprietary Esg scorecard
Bonnike, Lucas Sander
ESG ratings
ESG rating agencies
Proprietary ESG scorecards
ESG scoring
Sustainable investments
Environmental
Social
Governance performance
Corporate sustainability
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Esg ratings divergence & developing a proprietary Esg scorecard
title_full Esg ratings divergence & developing a proprietary Esg scorecard
title_fullStr Esg ratings divergence & developing a proprietary Esg scorecard
title_full_unstemmed Esg ratings divergence & developing a proprietary Esg scorecard
title_sort Esg ratings divergence & developing a proprietary Esg scorecard
author Bonnike, Lucas Sander
author_facet Bonnike, Lucas Sander
author_role author
dc.contributor.none.fl_str_mv Ribeiro, Gonçalo Sommer
RUN
dc.contributor.author.fl_str_mv Bonnike, Lucas Sander
dc.subject.por.fl_str_mv ESG ratings
ESG rating agencies
Proprietary ESG scorecards
ESG scoring
Sustainable investments
Environmental
Social
Governance performance
Corporate sustainability
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic ESG ratings
ESG rating agencies
Proprietary ESG scorecards
ESG scoring
Sustainable investments
Environmental
Social
Governance performance
Corporate sustainability
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper analyses the divergence in Environmental, Social, and Governance(ESG) ratings between two leading providers: Sustainalytics and RobecoSAM.It finds that there are significant divergences in ratings between the two providers and that the rating correlation between them is much lower when compared to the correlation observed between credit rating agency scores. This applies to both their composite ESG ratings and their unidimensional Environmental, Social, and Governance scores. Additionally, this paper attempts to build a transparent, reliable, and cost-effective proprietary ESG scorecard by using a limited amount of data points, however the resulting scores are weakly correlated to the agency ratings.
publishDate 2020
dc.date.none.fl_str_mv 2020-01-24
2020-01-03
2020-01-24T00:00:00Z
2023-01-03T01:30:21Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/105987
TID:202494730
url http://hdl.handle.net/10362/105987
identifier_str_mv TID:202494730
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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