Measurement of Corporate Sustainability Performance Using the Integrated CRITIC - EDAS Method
Chapter from the book:
Arslan,
H.
M.
(ed.)
2024.
Integrated Multi Criteria Decision Making Methods and Current Applications.
Synopsis
The concept of sustainability can be most simply defined as continuity and persistence. Sustainability for humans, other living beings, and legal entities is the ability to be dynamic in the face of changing environmental conditions and adapt to changing circumstances. Sustainability is a concept that begins with human life. The primary objective of this study is to determine the corporate sustainability performance of company A, which operates in the automotive sector and is traded on the BIST. Multi-criteria decision-making (MCDM) methods were used for performance measurements. The CRITIC method was used to determine the weights of the criteria. The EDAS method was used to determine the optimal ranking on a yearly basis. According to the CRITIC method analysis results, the criterion with the highest importance degree in social performance criteria is "number of employees", the criterion with the highest importance degree in environmental sustainability criteria is "direct non-renewable energy consumption", and the criterion with the highest importance degree in economic sustainability criteria is "net profit". When the ranking of the alternative years was made using the EDAS method, the year with the best economic, environmental, and social sustainability performance was found to be 2018. It is foreseen that the relevant company needs to continue its activities by paying attention to the criteria with high importance in order to take better steps in terms of sustainability level.