Incorporating Stakeholders’ Preferences into CSR Ratings: Fuzzy TOPSIS Approach to Evaluate Agri-Food Companies

Sustainability ratings agencies evaluate companies in economic, social, environmental and corporate governance terms. However, the scoring modes employed by the rating agencies to evaluate the social and environmental performance are associated with some problems such as the lack of adaptation of ra...

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Bibliographic Details
Published inModeling and Simulation in Engineering, Economics, and Management pp. 31 - 41
Main Authors Escrig-Olmedo, Elena, Muñoz-Torres, María Jesús, Fernández-Izquierdo, María Ángeles, Rivera-Lirio, Juana Maráa
Format Book Chapter
LanguageEnglish
Published Berlin, Heidelberg Springer Berlin Heidelberg
SeriesLecture Notes in Business Information Processing
Subjects
agri-food sector
Fuzzy TOPSIS
Multiple criteria evaluation
sustainability
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Summary:Sustainability ratings agencies evaluate companies in economic, social, environmental and corporate governance terms. However, the scoring modes employed by the rating agencies to evaluate the social and environmental performance are associated with some problems such as the lack of adaptation of rating criteria and rating evaluation methodologies to the preferences of investors and companies. To overcome this difficulty a multi-criteria decision-making method is proposed: Fuzzy TOPSIS method. The subjectiveness and imprecision of the evaluation process are modeled as fuzzy numbers by means of linguistic terms. The proposed method is applied to measure the environmental performance in a sample of European, North American, and Australasian agri-food companies.
ISBN:9783642382789
3642382789
ISSN:1865-1348
1865-1356
DOI:10.1007/978-3-642-38279-6_4