000120922 001__ 120922
000120922 005__ 20240319081004.0
000120922 0247_ $$2doi$$a10.1016/j.jclepro.2021.129862
000120922 0248_ $$2sideral$$a131481
000120922 037__ $$aART-2022-131481
000120922 041__ $$aeng
000120922 100__ $$0(orcid)0000-0002-4549-8098$$aVilas, Pablo$$uUniversidad de Zaragoza
000120922 245__ $$aCluster analysis to validate the sustainability label of stock indices: An analysis of the inclusion and exclusion processes in terms of size and ESG ratings
000120922 260__ $$c2022
000120922 5060_ $$aAccess copy available to the general public$$fUnrestricted
000120922 5203_ $$aSustainability stock indices play an important role in guiding socially responsible funds to their constituents. Thus, to find out whether the term sustainability is more than just a label, we analyze the inclusion and exclusion criteria applied by sustainability indices, and we compare them with those applied by conventional indices. We analyze the level of sustainability and size of the companies included in and excluded from five sustainability indices compared to a control group of 11 conventional indices. Our results show that the level of sustainability influences the inclusion process and, to a lesser extent, the exclusion process of the five FTSE4Good indices. However, we find similar results for several conventional indices. In addition, the size criterion dominates the sustainability criterion in the inclusion and exclusion processes of sustainability indices like in conventional indices. Further, we use different cluster algorithms to determine that the inclusion and exclusion processes of four of the five sustainability indices are different from those of the conventional indices. Our results validate the use of the “sustainability” label for four of five sustainability indices but also show that further differentiation between sustainability and conventional indices is needed.
000120922 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-20R$$9info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/MICINN-AEI/10.13039/501100011033
000120922 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000120922 590__ $$a11.1$$b2022
000120922 592__ $$a1.981$$b2022
000120922 591__ $$aENGINEERING, ENVIRONMENTAL$$b8 / 55 = 0.145$$c2022$$dQ1$$eT1
000120922 593__ $$aEnvironmental Science (miscellaneous)$$c2022$$dQ1
000120922 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b8 / 46 = 0.174$$c2022$$dQ1$$eT1
000120922 593__ $$aStrategy and Management$$c2022$$dQ1
000120922 591__ $$aENVIRONMENTAL SCIENCES$$b22 / 275 = 0.08$$c2022$$dQ1$$eT1
000120922 593__ $$aRenewable Energy, Sustainability and the Environment$$c2022$$dQ1
000120922 593__ $$aIndustrial and Manufacturing Engineering$$c2022$$dQ1
000120922 594__ $$a18.5$$b2022
000120922 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000120922 700__ $$0(orcid)0000-0003-3661-5448$$aAndreu, Laura$$uUniversidad de Zaragoza
000120922 700__ $$0(orcid)0000-0001-6078-0465$$aSarto, José Luis$$uUniversidad de Zaragoza
000120922 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000120922 773__ $$g330 (2022), 129862 [14 pp.]$$pJ. clean. prod.$$tJournal of Cleaner Production$$x0959-6526
000120922 8564_ $$s2763411$$uhttps://zaguan.unizar.es/record/120922/files/texto_completo.pdf$$yVersión publicada
000120922 8564_ $$s2588997$$uhttps://zaguan.unizar.es/record/120922/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000120922 909CO $$ooai:zaguan.unizar.es:120922$$particulos$$pdriver
000120922 951__ $$a2024-03-18-14:29:45
000120922 980__ $$aARTICLE