Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects
The integration of Environmental, Social, and Governance (ESG) criteria in investment decision-making is increasingly critical for evaluating energy projects. This study develops a structured, quantifiable framework using the Fuzzy DEMATEL method to assess and rank ESG factors, addressing the limita...
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-04-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/18/8/1942 |
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| author | Tetiana Zatonatska Oleksandr Soboliev Artem Artyukhov Dmytro Zatonatskiy Valeriy Balan Tomasz Wołowiec Dariusz Woźniak |
| author_facet | Tetiana Zatonatska Oleksandr Soboliev Artem Artyukhov Dmytro Zatonatskiy Valeriy Balan Tomasz Wołowiec Dariusz Woźniak |
| author_sort | Tetiana Zatonatska |
| collection | DOAJ |
| description | The integration of Environmental, Social, and Governance (ESG) criteria in investment decision-making is increasingly critical for evaluating energy projects. This study develops a structured, quantifiable framework using the Fuzzy DEMATEL method to assess and rank ESG factors, addressing the limitations of traditional scoring-based models. The proposed methodology systematically identifies the most influential ESG criteria and accounts for their interdependencies, providing a more comprehensive decision-making tool. The analysis, based on expert evaluations, highlights the dominant role of renewable energy integration, resource efficiency, and risk management in determining project sustainability. The results demonstrate that the framework ensures a more transparent and adaptable assessment process, supporting both investors and policymakers in navigating complex energy investment landscapes. The study also establishes a scalable approach that can incorporate financial performance indicators, enhancing the practical applicability of ESG-based investment evaluation. |
| format | Article |
| id | doaj-art-a2b64f801825404b8caee83f59f9fa07 |
| institution | DOAJ |
| issn | 1996-1073 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj-art-a2b64f801825404b8caee83f59f9fa072025-08-20T03:13:49ZengMDPI AGEnergies1996-10732025-04-01188194210.3390/en18081942Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy ProjectsTetiana Zatonatska0Oleksandr Soboliev1Artem Artyukhov2Dmytro Zatonatskiy3Valeriy Balan4Tomasz Wołowiec5Dariusz Woźniak6Faculty of Economics, Taras Shevchenko National University, 01-601 Kyiv, UkraineFaculty of Economics, Taras Shevchenko National University, 01-601 Kyiv, UkraineFaculty of Commerce, University of Economics in Bratislava, 852-35 Bratislava, SlovakiaSESE Academy of Financial Management, Ministry of Finance of Ukraine, 01-053 Kyiv, UkraineFaculty of Economics, Taras Shevchenko National University, 01-601 Kyiv, UkraineInstitute of Public Administration and Business, WSEI University, 20-209 Lublin, PolandSchool of Business, National-Louis University, 33-300 Nowy Sącz, PolandThe integration of Environmental, Social, and Governance (ESG) criteria in investment decision-making is increasingly critical for evaluating energy projects. This study develops a structured, quantifiable framework using the Fuzzy DEMATEL method to assess and rank ESG factors, addressing the limitations of traditional scoring-based models. The proposed methodology systematically identifies the most influential ESG criteria and accounts for their interdependencies, providing a more comprehensive decision-making tool. The analysis, based on expert evaluations, highlights the dominant role of renewable energy integration, resource efficiency, and risk management in determining project sustainability. The results demonstrate that the framework ensures a more transparent and adaptable assessment process, supporting both investors and policymakers in navigating complex energy investment landscapes. The study also establishes a scalable approach that can incorporate financial performance indicators, enhancing the practical applicability of ESG-based investment evaluation.https://www.mdpi.com/1996-1073/18/8/1942renewable energyESG investmentgreen financedecarbonizationfuzzy DEMATELenergy transition |
| spellingShingle | Tetiana Zatonatska Oleksandr Soboliev Artem Artyukhov Dmytro Zatonatskiy Valeriy Balan Tomasz Wołowiec Dariusz Woźniak Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects Energies renewable energy ESG investment green finance decarbonization fuzzy DEMATEL energy transition |
| title | Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects |
| title_full | Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects |
| title_fullStr | Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects |
| title_full_unstemmed | Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects |
| title_short | Sustainable Energy Investments: ESG-Centric Evaluation and Planning of Energy Projects |
| title_sort | sustainable energy investments esg centric evaluation and planning of energy projects |
| topic | renewable energy ESG investment green finance decarbonization fuzzy DEMATEL energy transition |
| url | https://www.mdpi.com/1996-1073/18/8/1942 |
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