All Academic research articles – Page 4
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Blog post
How ESG investing affects financial performance
Integrating ESG factors is beneficial for investment decision making. Increasing numbers of asset owners and investors can agree on this, but there is a growing realisation that deeper analysis is required.
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Blog post
Long walk to below 2 degrees – reflections on COP22
Canny investors recognise the need to understand climate risk and protect investments.
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Academic researchRI Quarterly vol. 10: The next frontier for responsible investment
We highlight the outcomes and takeaways from COP22, which was designed to build the foundations that would allow the pledges of the Paris Agreement to be put into action.
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Academic researchWhy and how might investors respond to economic inequality?
Recent research and discourse on inequality has suggested that economic inequality is growing, may have harmful effects on economic growth, may be a sign of unproductive economic activity, rent-seeking or economic instability and is becoming a concern in political and civil society.
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Academic research
Four ways for investors to respond to economic inequality
Recent research and discourse on inequality has suggested that economic inequality is growing, may have harmful effects on economic growth, may be a sign of unproductive economic activity, rent-seeking or economic instability and is becoming a concern in political and civil society.
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Academic researchRI Quarterly vol. 9: Investing in a low-carbon world
To understand an issue as complex and important as redirecting the global economy to avoid dangerous climate change, the numbers matter.
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Blog post
Within 2 degrees: Where will the stranded assets be?
A study by Christophe McGlade and Paul Ekins demonstrates that in order to limit global warming to 2oC above pre-industrial levels, a third of oil reserves, half of gas reserves and over 8o% of coal reserves should remain unused until at least 2050.
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Blog postClimate risk: the unhedgeable half
A Cambridge Institute for Sustainability Leadership (CISL) report shows that up to half of the losses from shifting market sentiment to climate change can be offset through asset allocation, but that the remaining half is unhedgeable at the investor level, leaving investors exposed unless system-wide action is taken.
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Blog postDecarbonised indexes can help hedge climate risk
Mats Andersson, Patrick Bolton and Frédéric Samama demonstrate that a decarbonised index offers long-term, passive investors a way to hedge climate change risk without sacrificing financial returns.
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Blog post
How policy makers can make sustainable energy projects bankable
Christopher Kaminker of the OECD has identified barriers to institutional investors filling the financing gap in sustainable energy investing, outlining recommendations to policy makers on how these barriers can be mitigated.
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Blog postAre investment consultants' reputations the next stranded assets
A paper from Ben Caldecott and Dane Rook lays out why investment consultants are not having a bigger influence on the uptake of green investment practices by asset owners.
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Blog post
Is the "sin stock premium" an illusion?
Roberts and Young-Ferris’s paper details the frustrations that a large global fund manager (InvestCo) encountered trying to quantify and systematise ESG analysis within an investment process reliant upon a traditional financial accounting framework.
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Blog post
Does ESG pay off financially?
PRI Chair Martin Skancke led a spirited discussion on one of the most commonly asked questions in ESG investing: What effect does responsible investing have on returns?
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Blog post
Can ESG factors really be captured like financial data?
Roberts and Young-Ferris’s paper details the frustrations that a large global fund manager (InvestCo) encountered trying to quantify and systematise ESG analysis within an investment process reliant upon a traditional financial accounting framework.
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Blog post
Is all investing impact investing?
Nathan Fabian, Director of Policy and Research, PRI kicked-off a discussion on the question: Is all investing impact investing, or is impact investing a special category that needs different reporting tools?
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Blog post
Do beneficiaries' beliefs affect funds' decisions?
Lisa Schopohl’s paper Red versus Blue: Do Political Dimensions influence the Investment Preferences of State Pension Funds? finds that US state pension funds with Democraticleaning members favour companies that perform well on ESG issues to a greater extent than funds with Republican-leaning counterparts do.
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Academic researchRI Quarterly vol. 8: Highlights from PRI In Person 2015
The Academic Network Conference was integrated with PRI in Person for the first time this year, with a full stream dedicated to academic research. Over 1,000 delegates from 35 countries attended PRI in Person, making it the largest ever responsible investment conference.
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Academic research
Foreword
Corporate reporting reform is necessary to support the wider goals of financial stability and sustainable development. Given today’s complex business models and operating environment, markets need high-quality information in order to allocate capital efficiently and productively.
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Blog post
Why investor participation in public policy is essential for sustainable markets
Effective public policy aligns the interests of the financial markets and society to drive sustainable development.
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Blog post
The price of ESG disclosure: an experiment with private equity investors
In this experimental study ,Patricia Crifo, Vanina D. Forget and Sabrina Teyssier examine how disclosing good or bad environmental, social and governance (ESG) corporate behaviour is perceived by investors.
