The implementation of environmental, social, and governance (ESG) principles has become a crucial component of the sustainable development of the global economy and society. Determining the factors affecting the ESG performance rating system in detail contributes to the economic and social growth of sustainable development globally. Recurring ESG key performance indicators (KPIs) can be identified and examined through the analysis of various building certification programs.
However, no uniform weight system is present because the focus of certification programs varies. This study aims to contribute by developing a uniform ESG asset-level weighting methodology, using data from various building certification programs as a unique study in this field. For this purpose, literature research is conducted on the factors affecting ESG performance and on different multi-criteria decision-making methodologies to determine the most suitable method for uniformly weighing factors across the ESG framework. The collected data on program-specific weights of ESG-KPIs are then summarized into an ESG framework. All program-specific ESG-KPIs are categorized into a standardized ESG classification list. The relative importance of criteria is determined and their relative weight to the global goal is calculated using the Analytical Hierarchy Process (AHP).
However, the results of the AHP show some inconsistency. The causes of this inconsistency are identified, and methods to improve the consistency ratio of specific pairwise comparison matrices are proposed. Further applications for addressing inconsistency to enhance the reliability and usability of the ESG uniform weighting system are discussed in the subsequent section.
According to the result, the most important ESG asset-level KPIs are Sustainable Resources, Energy Performance and Atmosphere, Health and Well-Being, Transparency and Disclosure, Land Governance and Land Use, and Service Quality respectively.
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The implementation of environmental, social, and governance (ESG) principles has become a crucial component of the sustainable development of the global economy and society. Determining the factors affecting the ESG performance rating system in detail contributes to the economic and social growth of sustainable development globally. Recurring ESG key performance indicators (KPIs) can be identified and examined through the analysis of various building certification programs.
However, no unifor...
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