HEINEKEN ESG: The LSEG Methodology

This case enables students to understand how ESG scores are constructed and to critically assess what they truly capture.
By working with actual methodology documentation and real-world granular data structured specifically for pedagogical purposes, students will learn how to interpret, deconstruct, and even build an ESG score.
These ESG scores are now unavoidable in finance and accounting, yet are often poorly understood and over-relied upon by many users. Divergent assessments for the same company between providers reflect deep methodological differences.

The case is built on LSEG's (formerly Refinitiv) ESG methodology, selected for its transparency and accessibility.
Heineken is used as the focal company for its generally good overall scores, though it has pillar imbalances and frequent controversies.

-      Understand how ESG scores are constructed.
-      Interpret ESG scores accurately.
-      Identify and critically discuss the key limitations of current ESG scoring methodologies.

Scores ESG (Environmental, Social and Governance) - ESG scoring methodology - Non-financial assessment - ESG data processing - Data Transparency

M1, M2
Masters spécialisés
MBA, Executive MS
Cadre, dirigeant

Beverages

- PDF of LSEG Method (33 slides)
- 2 fichiers Excel (données)

Année de la problématique : 2025

Livraison : Livraison par lien de téléchargement

Nombre de pages : 4 avec 2 page(s) annexe(s)

Temps d'utilisation : 3h00

Code du secteur d'activité : 15 - Industries alimentaires