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New measurement of sovereign ESG index

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  • Jiang, Ping-Chuan
  • Feng, Gen-Fu
  • Yang, Hao-Chang

Abstract

In view of the progressive development of the ESG concept, this paper measures the sovereign ESG index of 171 countries worldwide over the period 1990–2020 by employing the entropy weight method based on relevant indicators from the World Bank's Sovereign ESG Database. The graphical analysis of the index leads to the preliminary conclusion that countries with higher economic levels tend to start earlier and focus more on ESG development, while low-income countries invest less in sustainable development and may have focused their development on the economy in the early stages of globalization. This research aims to contribute a set of instrumental data reflecting the current status and evolution of global sovereign ESG development, and to provide an important reference for studies related to sovereign ESG development and indicator system design.

Suggested Citation

  • Jiang, Ping-Chuan & Feng, Gen-Fu & Yang, Hao-Chang, 2022. "New measurement of sovereign ESG index," Innovation and Green Development, Elsevier, vol. 1(2).
    • Handle: RePEc:eee:ingrde:v:1:y:2022:i:2:s2949753122000091
    DOI: 10.1016/j.igd.2022.100009
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    References listed on IDEAS

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    Cited by:

    1. Aljughaiman, Abdullah A. & Barrak, Thamir Al & Chebbi, Kaouther, 2024. "Does sovereign ESG shape corporate cash management in emerging markets?," Finance Research Letters, Elsevier, vol. 67(PB).
    2. Long, Han & Feng, Genfu, 2024. "Does national ESG performance curb greenhouse gas emissions?," Innovation and Green Development, Elsevier, vol. 3(3).
    3. Niu, Bingcheng, 2024. "Government environmental protection expenditure and national ESG performance: Global evidence," Innovation and Green Development, Elsevier, vol. 3(2).
    4. Jiang, Ping-Chuan, 2024. "National ESG index update: An assessment of the G20 countries," Innovation and Green Development, Elsevier, vol. 3(2).
    5. Zheng, Mingbo & Wong, Chun Yee, 2024. "The impact of digital economy on renewable energy development in China," Innovation and Green Development, Elsevier, vol. 3(1).
    6. Liu, Xue-Ying & Zhao, Xin-Xin & Ma, Kun & Sharma, Susan Sunila, 2024. "The impact of financial sanctions on ESG performance of target countries," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    7. Hu, Huijing & Tu, Zekai & Chen, Aoyun & Huang, Juanjuan, 2023. "Enterprises’ globalization and ESG performance," Finance Research Letters, Elsevier, vol. 58(PD).
    8. Ping‐Chuan Jiang & Gen‐Fu Feng & Hai‐Jie Wang & Chun‐Ping Chang, 2024. "CSR from different perspectives: The global ESG indexes updated," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4694-4714, September.
    9. Sui, Bo & Yao, Liuyang, 2023. "The impact of digital transformation on corporate financialization: The mediating effect of green technology innovation," Innovation and Green Development, Elsevier, vol. 2(1).

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    More about this item

    Keywords

    Sustainable development; Sovereign ESG; Entropy weight method; Kernel density estimation;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F01 - International Economics - - General - - - Global Outlook

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