Article
Financial Management

Measuring the Corporate Sustainability Performance of Deposit Banks with the LOPCOW-RSMVC Model

Date: 07/07/2023
Author: Nazlı ERSOY
Contributor: eb™ Research Team

This study aims to measure the corporate sustainability performance of deposit banks operating in Turkey during the 2021 period using the LOPCOW-RSMVC model from the MCDM method. In the study, 12 indicators were used, including four social sustainability, four economic sustainability, and four environmental sustainability indicators. The weights of the indicators identified at the end of the literature review were determined by the LOPCOW technique, and the performance scores of the banks were calculated using the RSMVC method. The data for the analysis were obtained through the banks' sustainability reports. According to the LOPCOW technique, the most important indicators were determined to be the employee turnover rate, return on equity and total hazardous waste. On the other hand, the total number of ATMs, capital adequacy ratio, and total greenhouse gas emissions were among the criteria with the lowest degree of importance. At the end of the study, it was found that the performance rankings of banks varied by size and year, while A2 bank was found to be among the top performing banks compared to other banks. This study is important in terms of being the first study to use the LOPCOW-RSMVC model in corporate sustainability measurement in the domestic literature, and it is believed to contribute to the literature.