Responsible Investment in Emerging Markets

Responsible Investment in Emerging Markets

Author: Rory Sullivan

Publisher:

Published: 2012

Total Pages: 90

ISBN-13: 9781783530434

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There is huge investor interest in the growth and investment potential of emerging markets, and there has been a significant increase in the scale of the investments being made in these markets. While concerns have been raised about the potential negative consequences of such investments in the context of specific projects and at the macroeconomic level, investors have suggested that these are necessary, albeit painful, steps towards greater economic welfare over the longer term. In recent years, investors have argued that "responsible investment" allows investors to maximize the financial and social benefits of their activities, and, simultaneously, to mitigate the negative impacts of their investments. As yet, however, little has been written in either the practitioner or in the academic literature about the responsibilities of investors in emerging markets, about the practicalities of implementing responsible investment in emerging markets, or about the outcomes (financial and social) that result. This special issue addresses this gap in the literature by presenting a series of major articles that analyse the implications for investors and for society of investors seeking to take a more responsible approach to their investments.


Responsible Investment in Emerging Markets

Responsible Investment in Emerging Markets

Author: Malcolm McIntosh

Publisher:

Published: 2017

Total Pages:

ISBN-13: 9781351288040

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"There is huge investor interest in the growth and investment potential of emerging markets, and there has been a significant increase in the scale of the investments being made in these markets. While concerns have been raised about the potential negative consequences of such investments in the context of specific projects and at the macroeconomic level, investors have suggested that these are necessary, albeit painful, steps towards greater economic welfare over the longer term.In recent years, investors have argued that "responsible investment" allows investors to maximize the financial and social benefits of their activities, and, simultaneously, to mitigate the negative impacts of their investments. As yet, however, little has been written – in either the practitioner or in the academic literature – about the responsibilities of investors in emerging markets, about the practicalities of implementing responsible investment in emerging markets, or about the outcomes (financial and social) that result.This special issue addresses this gap in the literature by presenting a series of major articles that analyse the implications – for investors and for society – of investors seeking to take a more responsible approach to their investments.Dr Sullivan notes: “The journal also opens up wider questions around the implications of foreign investment for the stability of emerging markets. As we reflect on the causes and consequences of the global financial crisis, we need to be aware that the inflows of foreign investment into emerging markets may have the perverse effect of increasing their vulnerability to future financial shocks.”"--Provided by publisher.


Sustainable and Responsible Investment in Developing Markets

Sustainable and Responsible Investment in Developing Markets

Author: Joshua Y. Abor

Publisher: Edward Elgar Publishing

Published: 2023-05-09

Total Pages: 435

ISBN-13: 1803927062

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Covering pertinent areas of sustainable and responsible investment (SRI) this forward-looking book examines SRI in developing markets including its evolution, principles and concepts. It explores the drivers and challenges in developing economies and analyses the theoretical underpinnings to critical issues pertaining to SRI.


Responsible Investment in Emerging Markets

Responsible Investment in Emerging Markets

Author: Rory Sullivan

Publisher:

Published: 2013

Total Pages: 6

ISBN-13:

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There is huge investor interest in the growth and investment potential of emerging markets, and there has been a significant increase in the scale of the investments being made in these markets. While concerns have been raised about the potential negative consequences of such investments in the context of specific projects and at the macroeconomic level, investors have suggested that these are necessary, albeit painful, steps towards greater economic welfare over the longer term.In recent years, investors have argued that "responsible investment" allows investors to maximize the financial and social benefits of their activities, and, simultaneously, to mitigate the negative impacts of their investments. As yet, however, little has been written - in either the practitioner or in the academic literature - about the responsibilities of investors in emerging markets, about the practicalities of implementing responsible investment in emerging markets, or about the outcomes (financial and social) that result.This special issue of the Journal of Corporate Citizenship addresses this gap in the literature by presenting a series of major articles that analyze the implications - for investors and for society - of investors seeking to take a more responsible approach to their investments.


Towards Sustainable and Responsible Investment

Towards Sustainable and Responsible Investment

Author: International Finance Corporation

Publisher:

Published: 2003

Total Pages:

ISBN-13:

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To support the growth of sustainable capital flows, IFC's advisory services seek to influence, support, and enable capital market stakeholders to better integrate environmental, social, and governance (ESG) factors into capital allocation and portfolio management processes, using IFC's own investment practices as a model. IFC is playing its part to support the growth of the market by funding the development of enhanced stock market indices, financial instruments, and through targeted market research. In 2003, this report provided the first comprehensive overview of socially responsible investing (SRI) in emerging markets. Its findings showed that the social investment industry, having already achieved striking, ongoing growth in developed countries, could ultimately play an expanded role in emerging markets as well. This summary version of the report can be downloaded in full from IFC's website, highlights the major findings of the report. Its findings allow us to gauge how far the sustainable investing community has come since the turn of the century when ESG issues were breaking into the mainstream investment field.


Planted forests in emerging economies: Best practices for sustainable and responsible investments

Planted forests in emerging economies: Best practices for sustainable and responsible investments

Author: Lucio Brotto

Publisher: CIFOR

Published: 2016-07-16

Total Pages: 68

ISBN-13: 602387035X

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Investments in industrial-scale planted forests have grown exponentially in recent years and are included into investment portfolios for various reasons (e.g. diversification, risk mitigation, attractive returns). The rapid growth of planted forests may incur negative social and environmental impacts. Thus, investment companies and fund managers are increasingly interested in using sustainable and responsible investment (SRI) tools (e.g. standards, guidelines, and codes of conduct). However, a classification system for SRI tools in the field of planted forests still lacks consensus.


Responsible Investing

Responsible Investing

Author: Matthew W. Sherwood

Publisher: Routledge

Published: 2018-09-21

Total Pages: 319

ISBN-13: 1351361910

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This textbook provides the first holistic resource on Environmental, Social, and Governance (ESG) investing for undergraduate and graduate programs. It provides a thorough background and history of ESG investing, as well as cutting-edge industry developments, in a way that introduces the reader to the rapidly developing field of responsible investing. Beginning with a comprehensive background of ESG investing and the development of models measuring risk and return, the book then discusses the development of ESG risks, and provides an overview of ESG rating systems. The textbook also outlines the current position of ESG investing in portfolio management through granular analysis, provides insight into common investor concerns about ESG investments, discloses qualitative theories relevant to ESG investing, and reviews literature attempting to model ESG investment performance. Finally, the authors provide readers with a foundation on the development of financial models measuring risk and return, which will be useful for measuring the performance of ESG investments. With case studies from contributors around the world, this textbook is the first of its kind to truly provide a compelling blend of quantitative and qualitative analysis supporting the incorporation of ESG investment strategies into investment portfolios. Offering an excellent overview of the growing trends in ESG investing, as well as a close analysis of ESG theories and their practical application both today and in the future, this book will be a great resource for both undergraduates and graduate students.


OECD Sovereign Borrowing Outlook 2021

OECD Sovereign Borrowing Outlook 2021

Author: OECD

Publisher: OECD Publishing

Published: 2021-05-20

Total Pages: 94

ISBN-13: 9264852395

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This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.


ESG and Responsible Institutional Investing Around the World: A Critical Review

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

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This 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.