Better Returns in a Better World: Responsible investment - overcoming the barriers and seeing the returns
Author: Helena Viñes Fiestas
Publisher: Oxfam
Published:
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKPosts
ESG and Responsible Institutional Investing Around the World: A Critical Review
Author: Pedro Matos
Publisher: CFA Institute Research Foundation
Published: 2020-05-29
Total Pages: 80
ISBN-13: 1944960988
DOWNLOAD EBOOKThis survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.
The Business Case for Sustainable Finance
Author: Iveta Cherneva
Publisher: Routledge
Published: 2012
Total Pages: 178
ISBN-13: 0415536731
DOWNLOAD EBOOKThis edited volume brings together finance industry perspectives from top global institutions, which focus on the bottom line for integrating ESG factors into the operations of the finance industry. Executives and senior practitioners answer the question: 'does following sustainable finance principles make commercial sense for a commercially-oriented financial institution, and if so, what evidence is there?' '
Evolutions in Sustainable Investing
Author: Cary Krosinsky
Publisher: John Wiley & Sons
Published: 2011-10-14
Total Pages: 512
ISBN-13: 1118157923
DOWNLOAD EBOOKSustainable Investing is fast becoming an essential method of generating long-term returns, moving beyond the negative approaches to socially responsible investing that have dominated the field. This book, our second on the subject, provides over 15 case studies of leading global investors and companies demonstrating how they successfully apply sustainability aspects to their core strategies. Learn from prominent thought leaders Dan Esty and Paul Hawken among others who have contributed key chapters. Our chapter on performance shows clearly how these strategies have been working once negative approaches are parsed out by those examining fund returns. This book also examines in great depth what data exists, and what's on the horizon, to best measure & capture sustainability successfully. Regional perspectives, including 3 chapters on Asia, and focuses on Canada, Australia, Africa & India are also included, as is a look across asset classes. Sustainable Investing, when performed with a positive perspective, has been outperforming the mainstream, unlike negative approaches designed to match benchmark returns. From eco-efficiency to sustainability-driven innovation and beyond, investors of all shapes & sizes need to know how best to position themselves for the radical market shifts underway.
The SAGE Encyclopedia of World Poverty
Author: Mehmet Odekon
Publisher: SAGE Publications
Published: 2015-06-15
Total Pages: 2496
ISBN-13: 1483345718
DOWNLOAD EBOOKThe SAGE Encyclopedia of World Poverty, Second Edition addresses the persistence of poverty across the globe while updating and expanding the landmark work, Encyclopedia of World Poverty, originally published in 2006 prior to the economic calamities of 2008. For instance, while continued high rates of income inequality might be unsurprising in developing countries such as Mexico, the Organization of Economic Co-operation and Development (OECD) reported in May 2013 even countries with historically low levels of income inequality have experienced significant increases over the past decade, including Denmark, Sweden, and Germany. The U.N. and the World Bank also emphasize the persistent nature of the problem. It is not all bad news. In March 2013, the Guardian newspaper reported, “Some of the poorest people in the world are becoming significantly less poor, according to a groundbreaking academic study which has taken a new approach to measuring deprivation. The report, by Oxford University’s poverty and human development initiative, predicts that countries among the most impoverished in the world could see acute poverty eradicated within 20 years if they continue at present rates.” On the other hand, the U.N. says environmental threats from climate change could push billions more into extreme poverty in coming decades. All of these points lead to the need for a revised, updated, and expanded edition of the Encyclopedia of World Poverty. Key Features: 775 evaluated and updated and 175 entirely new entries New Reader’s Guide categories Signed articles, with cross-references Further Readings will be accompanied by pedagogical elements Updated Chronology, Resource Guide, Glossary, and thorough new Index The SAGE Encyclopedia of World Poverty, Second Edition is a dependable source for students and researchers who are researching world poverty, making it a must-have reference for all academic libraries.
Compelling Returns
Author: Scott J. Budde
Publisher: John Wiley & Sons
Published: 2008-09-25
Total Pages: 229
ISBN-13: 0470432454
DOWNLOAD EBOOKAchieve competitive financial returns and make a difference at the same time by applying the information in Compelling Returns: A Practical Guide to Socially Responsible Investing, a well-rounded guide to socially responsible investing (SRI). Understand the basics of SRI and discover how you can align your values with your investments by choosing from three basic strategies. Learn to implement these strategies in your investment portfolios and combine your newfound knowledge with the basic principles of successful investing. An up-to-date directory of companies involved with SRI is included.
The UN Guiding Principles on Business and Human Rights
Author: Radu Mares
Publisher: Martinus Nijhoff Publishers
Published: 2011-12-09
Total Pages: 356
ISBN-13: 9004210512
DOWNLOAD EBOOKRuggie's reports with a special emphasis on regulatory and governance issues surrounding corporate responsibility. How does international human rights law handle corporations? Are we beginning to grasp the complexities and impacts of financial markets on human rights? What kind of corporate due diligence can make supply chains more socially sustainable? Why should parent companies act when their affiliates infringe rights? What is the potential of national human rights institutions in the area of business and human rights? What is the role of states and law in the social change process promoted by the corporate responsibility movement? How do we 'orchestrate' polycentric governance regimes to ensure respect for human rights?
Land Grabs in a Green African Economy
Author: Nhamo, Godwell
Publisher: Africa Institute of South Africa
Published: 2014-12-10
Total Pages: 204
ISBN-13: 0798304774
DOWNLOAD EBOOKThis book focuses on profiling, from both literature-based and primary research points of orientation, instances of land grabs and/or acquisitions with a focus on the implications of land grabs for trade, investment and development policy in Africa under the global green economy transition agenda. In many instances, case studies and examples paint a picture that could be of use to policy-makers. Overall, the book advocates a 'satisfy-satisfy' orientation when land deals are made, as well as total transparency from key actors, building grassroots negotiation capacity and awareness. To illustrate some of the emerging issues in terms of land-grabs, acquisition and their implications for trade, investment and development policies, the sixth Trade Policy Training Centre in Africa (trapca) conference took place in Arusha, Tanzania on 24 and 25 November 2011. The conference had two objectives: (1) to come up with concrete policy interventions and recommendations that would harness foreign investment in land on the continent; and (2) to publish this edited book of selected papers presented at the conference that met the rigorous specifications laid down by the editors and publishers. One of the major revelations to emerge from the Conference was that 'there is no vacant land in Africa'. In addition, participants took the view that land deals in Africa needed to be done on a 'satisfy-satisfy-satisfy' rather than a 'win-win-win' basis. This book is jointly published by trapca and the Africa Institute of South Africa (AISA).
Socially Responsible Investment
Author: Russell Sparkes
Publisher: John Wiley & Sons
Published: 2003-03-14
Total Pages: 422
ISBN-13: 0470856580
DOWNLOAD EBOOKOver recent years there has been rapid consumer-led growth in investing in socially responsible companies to the extent that it has had an influence on corporate policies. New regulations recognise the public interest by requiring all pension funds to declare their ethical policy. Investors can no longer just consider the financial aspects of a company before investing but also have to consider the complex world of ethical investments. Should the ethical policy take precedence over the financial aspects? Should policies be inclusive or exclusive? What percentage of a company's income has to come from unacceptable sources before the source is excluded? Should any exclusion policy also extend to those involved in selling or transporting goods deemed unacceptable? This is the first book to look at socially responsible investment from the perspective of the institutional investor, who will be led through the complex dilemmas of socially responsible investment with practical examples and advice.
Better Returns in a Better World
Author: Helena Vines Fiestas
Publisher:
Published: 2014
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKThe 2008 financial crisis raised a series of fundamental questions about the role of investors in society, both in terms of the investments they make, and the manner in which they use their influence to ensure that the positive poverty reduction and development impacts of their activities are maximized and the negative impacts minimized.Oxfam launched the Better Returns in a Better World project (BRBW) in November 2008 with the aims of analysing the role that institutional investors can play (and have played) in addressing poverty reduction and development issues, encouraging investors to take account of these issues in their investment practices and processes, and identifying the barriers to long-term investment that supports sustainable and equitable development in developing countries. This report summarizes the lessons learned during the course of the BRBW project, and makes a series of recommendations to the investment community, policy makers and more broadly to civil society.
