Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings

Companies are currently changing their traditional role in society and transforming it into a proactive role in which their operations generate social and environmental positive impacts. Corporate Social Responsibility (CSR) has evolved from simple philanthropy to a more theoretical concept with a n...

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Authors: Diez-Cañamero, Borja, Bishara, Tania, Otegi Olaso, José Ramón, Mínguez Gabiña, Rikardo, Fernández, José María
Format: article
Publication Date:2020
Country:España
Institution:Universidad del País Vasco
Repository:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/42456
Online Access:http://hdl.handle.net/10810/42456
Access Level:Open access
Keyword:Corporate Social Responsibility (CSR)
Socially Responsible Investment (SRI)
Environment, Social and Governance Criterion (ESG)
Stakeholder Theory
sustainability indexes
sustainability rankings
sustainability ratings
ESG performance
sustainability performance
corporate sustainable system
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repository_id_str
spelling Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and RatingsDiez-Cañamero, BorjaBishara, TaniaOtegi Olaso, José RamónMínguez Gabiña, RikardoFernández, José MaríaCorporate Social Responsibility (CSR)Socially Responsible Investment (SRI)Environment, Social and Governance Criterion (ESG)Stakeholder Theorysustainability indexessustainability rankingssustainability ratingsESG performancesustainability performancecorporate sustainable systemCompanies are currently changing their traditional role in society and transforming it into a proactive role in which their operations generate social and environmental positive impacts. Corporate Social Responsibility (CSR) has evolved from simple philanthropy to a more theoretical concept with a new corporate philosophy that takes all the interests of all stakeholders into consideration. The financial market is pushing the development of Socially Responsible Investment (SRI), which has led to the rise of Corporate Sustainability Systems (CSS). These CSSs are tools that rate corporate performance on sustainability. However, they constitute a chaotic universe, with instruments of different nature. This paper identifies and groups the common characteristics of the CSSs into three different typologies: Indexes, Rankings and Ratings. Despite this classification, and although the fundamental pillar of CSR is the “Stakeholder Theory”, CSSs are still not ideal tools to be used by all stakeholders. From the magma of CSSs, this article identifies and describes, through a comparative analysis, those which best comply with the “Stakeholder Theory”. This paper facilitates the work of researchers and stakeholders by exposing the differential characteristics of the most important CSSs.This research was founded by IHOBE, Environmental Management Public Agency of the Basque Government, and was carried out in collaboration with the Department of Graphic Design and Engineering Projects of the University of the Basque Country (UPV/EHU).MDPI2020202020202020info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/42456reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoIngléshttps://www.mdpi.com/2071-1050/12/5/2153info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/es/© 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).oai:addi.ehu.eus:10810/424562026-06-18T09:23:17Z
dc.title.none.fl_str_mv Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
title Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
spellingShingle Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
Diez-Cañamero, Borja
Corporate Social Responsibility (CSR)
Socially Responsible Investment (SRI)
Environment, Social and Governance Criterion (ESG)
Stakeholder Theory
sustainability indexes
sustainability rankings
sustainability ratings
ESG performance
sustainability performance
corporate sustainable system
title_short Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
title_full Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
title_fullStr Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
title_full_unstemmed Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
title_sort Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings
dc.creator.none.fl_str_mv Diez-Cañamero, Borja
Bishara, Tania
Otegi Olaso, José Ramón
Mínguez Gabiña, Rikardo
Fernández, José María
author Diez-Cañamero, Borja
author_facet Diez-Cañamero, Borja
Bishara, Tania
Otegi Olaso, José Ramón
Mínguez Gabiña, Rikardo
Fernández, José María
author_role author
author2 Bishara, Tania
Otegi Olaso, José Ramón
Mínguez Gabiña, Rikardo
Fernández, José María
author2_role author
author
author
author
dc.subject.none.fl_str_mv Corporate Social Responsibility (CSR)
Socially Responsible Investment (SRI)
Environment, Social and Governance Criterion (ESG)
Stakeholder Theory
sustainability indexes
sustainability rankings
sustainability ratings
ESG performance
sustainability performance
corporate sustainable system
topic Corporate Social Responsibility (CSR)
Socially Responsible Investment (SRI)
Environment, Social and Governance Criterion (ESG)
Stakeholder Theory
sustainability indexes
sustainability rankings
sustainability ratings
ESG performance
sustainability performance
corporate sustainable system
description Companies are currently changing their traditional role in society and transforming it into a proactive role in which their operations generate social and environmental positive impacts. Corporate Social Responsibility (CSR) has evolved from simple philanthropy to a more theoretical concept with a new corporate philosophy that takes all the interests of all stakeholders into consideration. The financial market is pushing the development of Socially Responsible Investment (SRI), which has led to the rise of Corporate Sustainability Systems (CSS). These CSSs are tools that rate corporate performance on sustainability. However, they constitute a chaotic universe, with instruments of different nature. This paper identifies and groups the common characteristics of the CSSs into three different typologies: Indexes, Rankings and Ratings. Despite this classification, and although the fundamental pillar of CSR is the “Stakeholder Theory”, CSSs are still not ideal tools to be used by all stakeholders. From the magma of CSSs, this article identifies and describes, through a comparative analysis, those which best comply with the “Stakeholder Theory”. This paper facilitates the work of researchers and stakeholders by exposing the differential characteristics of the most important CSSs.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020
2020
2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/42456
url http://hdl.handle.net/10810/42456
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://www.mdpi.com/2071-1050/12/5/2153
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/3.0/es/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/3.0/es/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
instname_str Universidad del País Vasco
reponame_str Addi. Archivo Digital para la Docencia y la Investigación
collection Addi. Archivo Digital para la Docencia y la Investigación
repository.name.fl_str_mv
repository.mail.fl_str_mv
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