Construction of a responsible investment composite index for renewable energy industry

A composite index, so-called Renewable Energy Responsible Investment Index (RERII), is proposed. It contains 50 countries and 17 different indicators which are classified to economic, environmental, social and country governance pillars. A trend of RERII is calculated from 2004 to 2013. In addition, 18 country profiles are created for comparative studies. The proposed RERII in this study can be used as a screening tool, decision making tool, benchmarking tool and guidance of sustainable development.