Multi-Criteria Analysis of Green Bonds: Hybrid Multi-Method Applications

There is an increasing pressure by the community and customers forcing companies to insert environmental concerns in their practices. To help initiatives, green bonds market was created. Our research question “How select a growing billion-dollar market?” This paper presents multi-criteria decision analysis (MCDA) model enable investors identify opportunities based not only opinions, but grounded on objective facts. Analytic hierarchy process (AHP), complex proportional assessment (COPRAS), full consistency method (FUCOM), step-wise Weights Assessment Ratio Analysis (SWARA), technique of order preference similarity ideal solution (TOPSIS) are MCDA methods applied this paper. Top-fifteen ranked specialized media were assessed with proposed model. Criteria included Environmental Performance Index (EPI) Yale University, common financial indicators as assets, risks (?), dividends. The new ranks from compared each other rank published media.