Assessment of Environmental Sustainability Performance Using AHP-Based CODAS and MARCOS Methods: A Comparative Study

The pursuit of competitive advantage in a dynamic and evolving business landscape has contributed to the accelerated depletion of natural resources and the inability to meet the demands of both individuals and society. To ensure their continuity in this context, businesses must adopt measures and regulations that promote sustainability. In contemporary times, companies have recognized the significance of their sustainability performance and have begun producing sustainability reports. These comprehensive reports encompass social, economic and environmental dimensions, each consisting of multiple indicators. Our study’s focus is analyzing the environmental dimension of sustainability performance as measuring environmental sustainability and progress towards relevant policy targets presents a complex process. This research specifically evaluates the environmental sustainability performance of manufacturing businesses by employing prominent MCDM techniques such as the AHP, CODAS, and MARCOS. Through these methodologies, the environmental sustainability of various manufacturing businesses is systematically assessed, allowing for a ranking of their performance. The resulting findings are then meticulously compared to identify patterns, trends, and potential areas for improvement in environmental sustainability practices. The outcomes of this research can aid businesses, policymakers, and stakeholders in making informed decisions to foster more sustainable practices, thus promoting the long-term well-being of both businesses and the environment.