Green accounting and ESG-driven eco-efficiency in European financial institutions: A two-stage DEA-CRITIC-TOPSIS evaluation.

ABSTRACT:

Background

Evaluation of the eco-efficiency of financial institutions and their underlying green accounting practices is imperative as Environmental, Social, and Governance (ESG) principles become ingrained in financial regulation and investment strategy. Nevertheless, the current ESG assessments frequently suffer from a lack of a dual focus on governance quality and performance, which raises concerns about misaligned reporting and Greenwashing.

Objective

This investigation suggests a two-stage methodological framework for evaluating the eco-efficiency of European financial institutions that is driven by ESG and evaluating the impact of internal green accounting practices on sustainability performance.

Methods

Data Envelopment Analysis (DEA) is implemented in the init

SUBMITTER: Sklavos G 

PROVIDER: S-EPMC12548880 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature