Cover Image

Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia

This study constructs an index to measure the performance of Islamic Social Finance (ISF) Institutions based on Environmental, Social, and Governance (ESG) dimensions. This quantitative research employs the Delphi Analytical Network Process (DANP) and Multistage Weight Index (MWI). The index is cons...

Full description

Saved in:
Bibliographic Details
Main Authors: Ryandono, Muhammad Nafik Hadi, Widiastuti, Tika, Mawardi, Imron, Al Mustofa, Muhammad Ubaidillah, Robani, Anidah, Fanani, Sunan, Dewi, Eka Puspa, Atiya, Nikmatul, Rusanti, Ega, Nisa, Mir'atun
Format: Article
Language:English
Published: Creative Publishing House 2024
Online Access:http://eprints.utem.edu.my/id/eprint/28114/2/003662808202404501062.pdf
http://eprints.utem.edu.my/id/eprint/28114/
https://ecohumanism.co.uk/joe/ecohumanism/article/view/3781/2985
https://doi.org/10.62754/joe.v3i4.3781
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.utem.eprints.28114
record_format eprints
spelling my.utem.eprints.281142024-10-09T16:53:56Z http://eprints.utem.edu.my/id/eprint/28114/ Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia Ryandono, Muhammad Nafik Hadi Widiastuti, Tika Mawardi, Imron Al Mustofa, Muhammad Ubaidillah Robani, Anidah Fanani, Sunan Dewi, Eka Puspa Atiya, Nikmatul Rusanti, Ega Nisa, Mir'atun This study constructs an index to measure the performance of Islamic Social Finance (ISF) Institutions based on Environmental, Social, and Governance (ESG) dimensions. This quantitative research employs the Delphi Analytical Network Process (DANP) and Multistage Weight Index (MWI). The index is constructed using DANP, conducting empirical assessments using MWI, then developing indicators using Focus group discussion (FGD), in-depth interviews, and structured surveys. This study also empirically tests index's implementation on five ISF institutions in Indonesia. The high score of the governance factor in this study indicates that the five ISF institutions are still focused on enhancing governance. This ESG index for ISF institutions create in this research may cannot be applied generally to other nations or institutions. But this ESG-building indicators still can be utilized as a reference for adopting ESG in other institutions. This study contributes to the literature by creating an ESG index for ISF institutions, where more research is needed. The notion of ESG is connected to maqashid sharia and is particularly essential in how institutions execute good governance and social issues while focusing on environmental protection. Creative Publishing House 2024 Article PeerReviewed text en http://eprints.utem.edu.my/id/eprint/28114/2/003662808202404501062.pdf Ryandono, Muhammad Nafik Hadi and Widiastuti, Tika and Mawardi, Imron and Al Mustofa, Muhammad Ubaidillah and Robani, Anidah and Fanani, Sunan and Dewi, Eka Puspa and Atiya, Nikmatul and Rusanti, Ega and Nisa, Mir'atun (2024) Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia. Journal of Ecohumanism, 3 (4). pp. 2620-2645. ISSN 2752-6798 https://ecohumanism.co.uk/joe/ecohumanism/article/view/3781/2985 https://doi.org/10.62754/joe.v3i4.3781
institution Universiti Teknikal Malaysia Melaka
building UTEM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknikal Malaysia Melaka
content_source UTEM Institutional Repository
url_provider http://eprints.utem.edu.my/
language English
description This study constructs an index to measure the performance of Islamic Social Finance (ISF) Institutions based on Environmental, Social, and Governance (ESG) dimensions. This quantitative research employs the Delphi Analytical Network Process (DANP) and Multistage Weight Index (MWI). The index is constructed using DANP, conducting empirical assessments using MWI, then developing indicators using Focus group discussion (FGD), in-depth interviews, and structured surveys. This study also empirically tests index's implementation on five ISF institutions in Indonesia. The high score of the governance factor in this study indicates that the five ISF institutions are still focused on enhancing governance. This ESG index for ISF institutions create in this research may cannot be applied generally to other nations or institutions. But this ESG-building indicators still can be utilized as a reference for adopting ESG in other institutions. This study contributes to the literature by creating an ESG index for ISF institutions, where more research is needed. The notion of ESG is connected to maqashid sharia and is particularly essential in how institutions execute good governance and social issues while focusing on environmental protection.
format Article
author Ryandono, Muhammad Nafik Hadi
Widiastuti, Tika
Mawardi, Imron
Al Mustofa, Muhammad Ubaidillah
Robani, Anidah
Fanani, Sunan
Dewi, Eka Puspa
Atiya, Nikmatul
Rusanti, Ega
Nisa, Mir'atun
spellingShingle Ryandono, Muhammad Nafik Hadi
Widiastuti, Tika
Mawardi, Imron
Al Mustofa, Muhammad Ubaidillah
Robani, Anidah
Fanani, Sunan
Dewi, Eka Puspa
Atiya, Nikmatul
Rusanti, Ega
Nisa, Mir'atun
Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
author_facet Ryandono, Muhammad Nafik Hadi
Widiastuti, Tika
Mawardi, Imron
Al Mustofa, Muhammad Ubaidillah
Robani, Anidah
Fanani, Sunan
Dewi, Eka Puspa
Atiya, Nikmatul
Rusanti, Ega
Nisa, Mir'atun
author_sort Ryandono, Muhammad Nafik Hadi
title Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
title_short Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
title_full Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
title_fullStr Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
title_full_unstemmed Constructing an environmental, social, and governance (ESG) index for Islamic social finance institutions: Empirical investigation from Indonesia
title_sort constructing an environmental, social, and governance (esg) index for islamic social finance institutions: empirical investigation from indonesia
publisher Creative Publishing House
publishDate 2024
url http://eprints.utem.edu.my/id/eprint/28114/2/003662808202404501062.pdf
http://eprints.utem.edu.my/id/eprint/28114/
https://ecohumanism.co.uk/joe/ecohumanism/article/view/3781/2985
https://doi.org/10.62754/joe.v3i4.3781
_version_ 1814061462528720896
score 13.211869

Similar Items