“…Although the area of investment analysis has recognized for some time the importance of social appraisal of projects (Rebelato, 2004), and more and more world-class companies tend to consider the principles of sustainability in portfolio management (Morioka & Carvalho, 2016), the literature has suggested that few studies focus on researching and proposing practices aimed at the integration of environmental sustainability in project portfolio management, and especially in portfolio decision-making (Brones & Carvalho, 2015;Brones et al, 2014;Khalili-Damghani & Tavana, 2014;Silvius & Schipper, 2014). In addition, the selection of projects with environmental bias is still closely related to radical innovation, with the development of disruptive solutions, such as hybrid cars and the use of solutions based on solar energy (Brook & Pagnanelli, 2014).…”