All Academic research articles – Page 5
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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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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.
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The consequences of mandatory corporate sustainability reporting
Governments, regulators and stock exchanges worldwide are increasingly introducing compulsory disclosure requirements on companies in respect of sustainability information.
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The groundswell of support to bring integrated reporting into the mainstream
Since the global financial crisis in 2008, there has been a growing emphasis on the role of the investor as a steward or custodian of beneficiaries’ capital, which in turn has meant investors placing greater emphasis on companies sharing more about their long-term strategies.
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Academic research
RI Quarterly vol. 7: Unleashing performance through reporting and disclosure
I am pleased to introduce the seventh issue of RI Quarterly: presenting key research findings to investment professionals, this time on the topic of reporting and disclosure.
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CO2 disclosure cuts the cost of debt
Energy, the lifeblood of any business, is a considerable cost, but being more transparent about emissions data could be a way for businesses to reduce some of that cost and create value for shareholders.
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Responsible investors: who they are and what they want
Responsible investors, such as the asset owners and money managers who have committed themselves to the Principles for Responsible Investment, are; long-term in their goals and loyal to the companies they choose to invest in.
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Why do investors sign the Principles for Responsible Investment?
Signing the six Principles for Responsible Investment expresses commitment to becoming a responsible investor, but beyond that it means different things to different organisations.
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The changing role of asset owners and the future of responsible investment
In this summary of a book chapter, James Gifford, the founding Executive Director (2006-2013) of the Principles for Responsible Investment (PRI), explores whether, 10 years on, the vision of mobilising asset owners around responsible investment is being achieved.
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Enabling institutional investors' collective action: the role of PRI
Corporate executives often struggle to focus their attention on every issue at the same time, so must prioritise the claims of the most important stakeholders.
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Academic research
RI Quarterly vol. 6: Focus on the PRI impact
It is my pleasure, as Chair of the Steering Committee of the Academic Network, to introduce this issue of RI Quarterly. The present issue centres on a topic that is close to all of us: the PRI itself. The articles below discuss the history, challenges, members and future direction of ...
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Blog post
Why talk? A process model of dialogue in shareholder engagement
Ferraro and Beunza analyse data on shareholder engagements from a faith-based coalition (ICCR, Interfaith Center for Corporate Responsibility) to develop a process model for dialogue.
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Exploration of the cross-sectional return distributions of socially responsible investment funds
The authors differentiate themselves from other work in the field by analysing how total and risk-adjusted returns are distributed, compared at various intervals away from the median (cross-sectional analysis).
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Integrated reporting - what benefits does the research illustrate?
Professor George Serafeim, Associate Professor of Business Administration, Harvard Business School Key findings More firms are undertaking elements of Integrated Reporting (IR) but may not call it IR. Firms practicing IR tend to have dedicated, long-term oriented shareholders. Carrying out IR may lead to more long-term investors holding ...
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Risk attenuation and the reporting of health and safety performance
Sustainalytics Prize for Excellence in Responsible Investment Research: HONOURABLE MENTION Sharron O’Neill, Macquarie University; Jack Flanagan and Kevin Clarke, University of New South Wales Key findings Voluntary disclosure of Occupational Health and Safety (OHS) performance is inadequate for corporate risk management and investor analysis. Corporate managers have wide ...
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Directors' duties in the anthropocene: liability for corporate harm due to incation on climate change
Sustainalytics Prize for Excellence in Responsible Investment Research: STUDENT PRIZE (JOINT WINNER) Sarah Barker, University of Melbourne Key findings Climate change presents material financial risks. The duty of care and diligence requires directors to be informed and engaged; ignorance and inaction are no defense. Directors may be ...
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CSR ratings: does more information add more value?
Professor Magali A. Delmas, University of California, Los Angeles Key findings A firm may be rewarded by the market for how it manages potential environmental outcomes rather than its actual environmental impact. Disclosure raises issues since a firm may have good internal processes, such as reporting yet ...
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Academic research
RI Quarterly Vol. 5: Highlights from the PRI Academic Network Conference 2014
Each year the PRI Academic Network Annual Conference grows in stature, and this year was no exception! Using a deliberate strategy to ‘bridge the gap’ between responsible investment academics and investors, our 7th annual conference exceeded its goals.
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Corporate disclosure of greenhouse gas emissions
The reporting of company-wide greenhouse gas (GHG) emissions is a complex undertaking for companies and currently a voluntary activity in most European countries.
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The next generation of scenarios for climate change
In this paper Moss et al provide an overview of how scenarios of the future are used in climate change research to aid understanding of how changes in technology, lifestyle, and policies can address the risks of climate change, and outline a new process for developing these scenarios.