Classification of Oil and Gas Companies as to Their Esg Parameters From the Ahp-Topsis-2n Method

Abstract

More and more has been heard about ESG, an acronym that in English means Environmental, Social, and Governance. This concept represents a company's practices considering environmental, social, and governance aspects. These points today do not represent only the companies' ideas, they directly reflect the market value and the brand's establishment. The ESG index is constantly being measured and analyzed by companies and independent market players. This article proposed a methodology for comparing these companies, in the oil and gas industry case, by applying a multicriteria decision-making method (AHP-TOPSIS-2N) that stipulated a ranking of the prominent companies of this follow-up regarding their ESG requirements.