A systematic literature review of socially responsible investment and environmental social governance metrics

被引：191
|
作者：
Widyawati, Luluk [1 ]
机构：
[1] Univ Queensland, UQ Business Sch, Level 2,Colin Clark Bldg,Bldg 39, St Lucia, Qld 4072, Australia
来源：
BUSINESS STRATEGY AND THE ENVIRONMENT | 2020年 / 29卷 / 02期
关键词：
ESG; literature review; responsible investment; sustainability; sustainable development; MUTUAL FUND PERFORMANCE; FINANCIAL-MARKETS; CORPORATE GOVERNANCE; ETHICAL INVESTORS; STOCK RETURNS; IMPACT; SRI; PRICE; UK; INDICATORS;
D O I：
10.1002/bse.2393
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Socially responsible investment (SRI) encompasses both ethical and financial paradigms. This systematic literature review explores three key research themes within the SRI literature, identifying a significant disconnect between themes and a fixation on the financial (as opposed to ethical) paradigm. One of the foundations of SRI is environmental, social, and governance (ESG) metrics. This review confirms the importance of ESG metrics in the SRI field, as they play two crucial roles, namely, as a proxy for sustainability performance and an enabler of the SRI market. However, there are two main issues related to ESG metrics that undermine their reliability: a lack of transparency and a lack of convergence.
引用
收藏
页码：619 / 637
页数：19
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