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CISEF: A composite index of social, environmental and financial performance

Author

Listed:
  • Chrysovalantis Gaganis
  • Fotios Pasiouras
  • Menelaos Tasiou
  • Constantin Zopounidis

    (TUC - Technical University of Crete [Chania], Audencia Business School)

Abstract

We propose a holistic evaluation framework that banks could adopt when screening corporate entities. The framework is based on the development of a composite indicator of social, environmental and financial performance. This integrated view of evaluation is conceptually aligned with ISO standards and empirical proposals of academics and market practitioners in defining inclusive performance. We complement those proposals with a methodological framework that permits incorporation of a plethora of viewpoints in the evaluation process, reflecting the expectations of the various stakeholders in the environment of a bank. We further enhance the evaluation process with analytics of a more detailed hierarchical view of performance, fine-tuning of the evaluation process, and provide implications and suggestions to the senior executive team of a bank’s clients.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Chrysovalantis Gaganis & Fotios Pasiouras & Menelaos Tasiou & Constantin Zopounidis, 2021. "CISEF: A composite index of social, environmental and financial performance," Post-Print hal-03113006, HAL.
    • Handle: RePEc:hal:journl:hal-03113006
    DOI: 10.1016/j.ejor.2020.09.035
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    Cited by:

    1. Argyris, Nikolaos & Østerdal, Lars Peter & Hussain, M. Azhar, 2025. "Value-driven multidimensional welfare analysis: A dominance approach with application to comparisons of European populations," European Journal of Operational Research, Elsevier, vol. 324(1), pages 200-220.
    2. Delis, Manthos D. & Iosifidi, Maria & Tasiou, Menelaos, 2021. "Efficiency of government policy during the COVID-19 pandemic," MPRA Paper 107046, University Library of Munich, Germany.
    3. Dias, Luís C. & Xidonas, Panos & Samitas, Aristeidis, 2025. "A novel sigma-Mu multiple criteria decision aiding approach for mutual funds portfolio selection," European Journal of Operational Research, Elsevier, vol. 322(2), pages 589-598.
    4. Dias, Luis C., 2024. "On the sigma-mu stochastic multicriteria analysis: Exact solutions for common particular cases," Omega, Elsevier, vol. 127(C).
    5. Manthos D. Delis & Maria Iosifidi & Menelaos Tasiou, 2023. "Efficiency of government policy during the COVID-19 pandemic," Annals of Operations Research, Springer, vol. 328(2), pages 1287-1312, September.
    6. Angilella, Silvia & Doumpos, Michalis & Pappalardo, Maria Rosaria & Zopounidis, Constantin, 2024. "Assessing the performance of banks through an improved sigma-mu multicriteria analysis approach," Omega, Elsevier, vol. 127(C).
    7. Francisco Javier Blancas & Ignacio Contreras, 2025. "Global SDG composite indicator: A new methodological proposal that combines compensatory and non‐compensatory aggregations," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 158-176, February.
    8. Musah Mohammed Saeed & Mahalakshmi Mudliar & Manisha Kumari, 2023. "Corporate social responsibility and financial performance nexus: Empirical evidence from Ghana," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 2799-2815, November.

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