Sustainable investing has recently gained traction throughout the world. This trend has multiple sources, which span from genuine ethical concerns to hopes of performance boosting, and also encompass risk mitigation. The resulting appetite for green assets is impacting the decisions of many investors. Perspectives in Sustainable Equity Investing is an up-to-date review of the academic literature on sustainable equity investing. It covers more than 800 academic sources grouped into six thematic chapters. Designed for corporate sustainability and financial management professionals, this is an ideal reference for ESG-driven financiers (both retail and institutional). Students majoring in finance or economics with some background or interest in ESG concerns would also find this compact overview useful.
Key Features:
- Introduces the reader to terms and nomenclature used in the field.
- Surveys the link between sustainability and performance (including risk).
- Details the integration of sustainable criteria in complex portfolio optimization.
- Reviews the financial liabilities induced by climate change.
Author(s): Guillaume Coqueret
Publisher: CRC Press/Chapman & Hall
Year: 2022
Language: English
Pages: 204
City: Boca Raton
Cover
Half Title
Title Page
Copyright Page
Dedication
Contents
Acknowledgments
About the Author
CHAPTER 1: Introduction
1.1. CONTENT AND TARGET AUDIENCE
1.2. FOREWORD
1.3. PREVIOUS SURVEYS AND META-STUDIES
CHAPTER 2: ESG data
2.1. OVERVIEW OF ESG ISSUES
2.1.1. Traditional issues
2.1.2. Missing data
2.1.3. Sovereign metrics
2.2. RATING DISAGREEMENT
2.3. MEASUREMENT ISSUES AND STABILITY
2.4. GREENWASHING
2.5. GREEN FIRMS
2.6. AD-HOC SOLUTIONS
2.7. NEED FOR TRANSPARENT AND UNIFORM REPORTING
CHAPTER 3: Investors and SRI
3.1. INVESTOR PREFERENCES AND BELIEFS
3.2. IMPACT INVESTING
3.3. INVESTOR PRACTICES
CHAPTER 4: ESG investing and financial performance
4.1. TOY MODEL
4.1.1. Theory: assets, agents, equilibrium
4.1.2. Numerical example
4.2. SRI IMPROVES PERFORMANCE
4.3. SRI DOES NOT IMPACT PERFORMANCE
4.4. SRI IS FINANCIALLY DETRIMENTAL
4.5. IT DEPENDS...
4.6. CSR AND RISK
4.7. ESG AND OTHER FINANCIAL METRICS
4.8. EMPIRICAL ILLUSTRATION
CHAPTER 5: Quantitative portfolio construction with ESG data and criteria
5.1. SIMPLE PORTFOLIO CHOICE SOLUTIONS
5.2. IMPROVED MEAN-VARIANCE ALLOCATION
5.3. OTHER QUANTITATIVE TECHNIQUES
5.4. MISCELLANEOUS TIPS, METHODS AND OTHER INTEGRATION TECHNIQUES
CHAPTER 6: Climate change risk
6.1. UNCERTAIN DISCOUNTING
6.2. MEASUREMENT ISSUES
6.3. STRESS TESTS AND OTHER MEASURES
6.4. MICROAND MACRO-ECONOMIC IMPACTS
6.5. INVESTOR ATTENTION
6.6. POLICY
CHAPTER 7: Conclusion
Bibliography
Index
