EconPapers    
Economics at your fingertips  
 

Constructing the FEEM Sustainability Index: A Choquet-integral Application

Caterina Cruciani (), Silvio Giove, Mehmet Pinar () and Matteo Sostero ()
Additional contact information
Silvio Giove: Fondazione Eni Enrico Mattei, Ca’ Foscari University

No 2013.16, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper presents an application of a multi-attribute aggregation methodology to the construction of a sustainability index. Sustainability is a multi-faceted issue, in which synergies or conflicts may arise among the different components, thus making it a complex concept to which multi attribute methods can be employed. This paper addresses the development of the FEEM Sustainability Index (FEEM SI), a composite index including 19 different indicators grouped in the three classical pillars of sustainability ? economic, social and environmental. We present the relevance of multi-attribute aggregation methodologies when dealing with such complex concepts and provide an aggregation methodology used for this case study, the Choquet-integral aggregation. First, we normalize each sustainability indicator with the use of a benchmarking procedure with a smooth target of sustainability. Furthermore, an ad-hoc questionnaire implemented to assess the importance of each sustainability indicator and their interaction with other indicators through expert elicitation. After normalizing each sustainability indicator and computing consensus importance of each sustainability indicator and their interactions for the Choquet-integral aggregation procedure, the overall sustainability index, the FEEM SI is calculated. This paper also conducts robustness analysis and discusses the main implications of the aggregation methodology used.

Keywords: Sustainability Indices; Composite Indicators; Choquet Integral; Multiattribute Value Theory (search for similar items in EconPapers)
JEL-codes: C43 C44 Q01 Q56 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
https://www.feem.it/m/publications_pages/NDL2013-016.pdf (application/pdf)

Related works:
Working Paper: Constructing the FEEM Sustainability Index: A Choquet-integral Application (2013) Downloads
Working Paper: Constructing the FEEM Sustainability Index: A Choquet-Integral Application (2012) Downloads
Working Paper: Constructing the FEEM Sustainability Index: A Choquet-Integral Application (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2013.16

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by barbara racah ( this e-mail address is bad, please contact ).

 
Page updated 2021-04-19
Handle: RePEc:fem:femwpa:2013.16