Environmental, social, and governance (ESG) ratings are fundamental tools; however, their underlying methodologies often involve complex aggregation processes. Although research on ESG has been expanding, the influence of specific indicators and categories on overall ESG scores remains insufficiently explored. This paper examines the contributions of social and environmental outcome and impact indicators to the ESG scores provided by the London Stock Exchange Group (LSEG). Our analysis reveals that among the 186 indicators comprising the LSEG ESG scores, outcome and impact indicators contribute only 18% to 37% of the total score. The remaining contribution comes from processes and policies indicators.

中文翻译：

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环境、社会和治理分数衡量什么？结果和影响指标在 ESG 评分中的作用


环境、社会和治理 （ESG） 评级是基本工具;但是，其底层方法通常涉及复杂的聚合过程。尽管对 ESG 的研究一直在扩大，但特定指标和类别对整体 ESG 评分的影响仍未得到充分探索。本文研究了社会和环境成果和影响指标对伦敦证券交易所集团 （LSEG） 提供的 ESG 评分的贡献。我们的分析表明，在构成 LSEG ESG 评分的 186 个指标中，结果和影响指标仅占总分的 18% 至 37%。其余贡献来自流程和政策指标。