{"title":"剖析ESG评级:一个标准适用于所有吗?","authors":"Monica Billio , Aoife Claire Fitzpatrick , Carmelo Latino , Loriana Pelizzon","doi":"10.1016/j.econlet.2025.112606","DOIUrl":null,"url":null,"abstract":"<div><div>In this study, we unpack the ESG ratings of three prominent agencies in Europe and find that (i) each E, S, and G pillar contributes differently to the overall ESG score, (ii) there is a low co-movement between the three E, S, G pillars and (iii) there are specific ESG Key Performance Indicators (KPIs) that are driving these ratings more than others.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"256 ","pages":"Article 112606"},"PeriodicalIF":1.8000,"publicationDate":"2025-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Dissecting the ESG ratings: Does one size fit all?\",\"authors\":\"Monica Billio , Aoife Claire Fitzpatrick , Carmelo Latino , Loriana Pelizzon\",\"doi\":\"10.1016/j.econlet.2025.112606\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>In this study, we unpack the ESG ratings of three prominent agencies in Europe and find that (i) each E, S, and G pillar contributes differently to the overall ESG score, (ii) there is a low co-movement between the three E, S, G pillars and (iii) there are specific ESG Key Performance Indicators (KPIs) that are driving these ratings more than others.</div></div>\",\"PeriodicalId\":11468,\"journal\":{\"name\":\"Economics Letters\",\"volume\":\"256 \",\"pages\":\"Article 112606\"},\"PeriodicalIF\":1.8000,\"publicationDate\":\"2025-09-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economics Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0165176525004434\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176525004434","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Dissecting the ESG ratings: Does one size fit all?
In this study, we unpack the ESG ratings of three prominent agencies in Europe and find that (i) each E, S, and G pillar contributes differently to the overall ESG score, (ii) there is a low co-movement between the three E, S, G pillars and (iii) there are specific ESG Key Performance Indicators (KPIs) that are driving these ratings more than others.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.