Synthetic indicators of mutual funds' environmental responsibility: An application of the Reference Point Method

The proposed approach is based on the double (reservation-aspiration) Reference Point Method. This scheme is applied to each fund of a randomly selected set of U.S. equity mutual funds, in order to determine, on the basis of a given set of indicators, a pair of synthetic indicators that measure the weak and the strong environmental responsibility degree of each mutual fund, relying on the particular preferences of the investor.