Author, as appears in the article.: Sorrosal-Forradellas, Maria-Teresa; Barbera-Marine, Maria-Gloria; Fabregat-Aibar, Laura; Li, Xiaoni
Department: Gestió d'Empreses
URV's Author/s: Barberà Mariné, Maria Glòria / Fabregat Aibar, Laura / Li, Xiaoni / Sorrosal Forradellas, Maria Teresa
Keywords: Sustainability rating Ranking fuzzy numbers Portfolio sustainability score Mutual funds Esg criteria sustainability rating portfolio sustainability score mutual funds
Abstract: Nowadays, investors seek beyond the financial performance of their investments, including Environmental, Social, and Governance (ESG) criteria in the decision-making process. To this effect, there are currently suppliers who offer different methodologies to evaluate the ESG factors that companies apply in their businesses. In 2016, Morningstar launched the Morningstar Sustainability Rating for mutual funds, which provides information on how well mutual funds incorporate sustainable assets. This rating is obtained from the Morningstar Portfolio Sustainability Score, the calculation system of which was modified and improved in 2018. However, an important drawback remains to be overcome because the score is only calculated if at least 67% of the portfolio assets have an ESG score and it does not take assets without an ESG score into account. This paper aims to provide a more reliable rating for investors because it proposes the inclusion of all the assets in the fund valuation, regardless of whether they have an ESG score, using fuzzy set theory and specifically triangular fuzzy numbers.
Thematic Areas: Strategy and management Marketing Management Economics and econometrics Economics Economia Ciencias sociales Business and international management Business
licence for use: https://creativecommons.org/licenses/by/3.0/es/
Author's mail: laura.fabregat@urv.cat xiaoni.li@urv.cat gloria.barbera@urv.cat gloria.barbera@urv.cat mariateresa.sorrosal@urv.cat
Author identifier: 0000-0002-0077-161X 0000-0002-4047-4046 0000-0003-2578-1301 0000-0003-2578-1301 0000-0003-4719-452X
Record's date: 2024-09-28
Papper version: info:eu-repo/semantics/publishedVersion
Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
Papper original source: European Research On Management And Business Economics. 29 (1): 30-35
APA: Sorrosal-Forradellas, Maria-Teresa; Barbera-Marine, Maria-Gloria; Fabregat-Aibar, Laura; Li, Xiaoni (2023). A new rating of sustainability based on the Morningstar Sustainability Rating. European Research On Management And Business Economics, 29(1), 30-35. DOI: 10.1016/j.iedeen.2022.100208
Article's DOI: 10.1016/j.iedeen.2022.100208
Entity: Universitat Rovira i Virgili
Journal publication year: 2023
Publication Type: Journal Publications
Repositori URV