118254 20230519145532.0 doi 10.3390/su13147613 sideral 126869 ART-2021-126869 eng Vilas P. Universidad de Zaragoza (orcid)0000-0002-4549-8098 The convergence between sustainability and conventional stock indices. Are we on the right track? 2021 Access copy available to the general public Unrestricted The growth of passive and socially responsible (SR) investment makes that sustainability indices play an important role in defining what constitutes a sustainable investment. In order to know the suitability of sustainability indices as benchmarks for SR investors, we used different linear regressions to compare the compositions of sustainability indices and their conventional counterparts and to compare the levels of corporate social responsibility (CSR) of both types of indices. We showed that the composition of sustainability indices gradually converged towards their conventional peers. Moreover, the difference between the CSR levels of both type of indices remained the same or even decreased over time. We concluded that a change in the weighting method of sustainability indices such as the equally weighted criterion would significantly increase the difference from their conventional counterparts. However, due to the relationship between CSR and size, this change would penalize the CSR level of the index. These results raise the question of whether SR passive investors will be able to meet their non-financial expectations as a consequence of the convergence. © 2021 by the authors. Licensee MDPI, Basel, Switzerland. info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 3.889 2021 ENVIRONMENTAL STUDIES 57 / 128 = 0.445 2021 Q2 T2 ENVIRONMENTAL SCIENCES 133 / 279 = 0.477 2021 Q2 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 35 / 47 = 0.745 2021 Q3 T3 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 7 / 9 = 0.778 2021 Q4 T3 0.664 2021 Energy Engineering and Power Technology 2021 Q1 Renewable Energy, Sustainability and the Environment 2021 Q1 Management, Monitoring, Policy and Law 2021 Q1 Geography, Planning and Development 2021 Q1 5.0 2021 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Andreu L. Universidad de Zaragoza (orcid)0000-0003-3661-5448 Sarto J.L. Universidad de Zaragoza (orcid)0000-0001-6078-0465 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 13, 14 (2021), 76136 [11 pp] Sustainability (Basel) Sustainability (Switzerland) 2071-1050 534010 http://zaguan.unizar.es/record/118254/files/texto_completo.pdf Versión publicada 2791337 http://zaguan.unizar.es/record/118254/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:118254 articulos driver 2023-05-18-15:32:20 ARTICLE