Environmental, social, and governance (ESG) investing : a balanced review of theoretical backgrounds and practical implications / John Hill.

Format:

Book

Author/Creator:

Hill, John, author.

Language:

English

Subjects (All):

Investments--Social aspects.

Investments.

Portfolio management.

Social responsibility of business.

Physical Description:

1 online resource (371 pages)

Place of Publication:

London, England : Academic press, [2020]

Summary:

Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. This book examines theories and their practical implications, illuminating issues that other books leave in the shadows.

Contents:

Front Cover

Environmental, Social, and Governance (ESG) Investing

Copyright Page

Contents

1 Introduction

Principles for responsible investing

Sustainable development goals

The scope of this book

Chapter 2: ESG, SRI, and impact investing

Chapter 3: Theories of the firm

Chapter 4: Fiduciary duty in investment management

Chapter 5: Overview of financial institutions

Chapter 6: Financial markets: equities

Chapter 7: Financial markets: bonds

Chapter 8: Shareholder engagement

Chapter 9: Defining and measuring ESG performance

Chapter 10: ESG in managing institutional investor funds

Chapter 11: ESG in managing college and university endowments

Chapter 12: ESG in managing sovereign wealth and government sponsored funds

Chapter 13: ESG in managing family foundations and family offices

Chapter 14: Faith-based investing

Chapter 15: ESG investing-organizations having direct impact

Chapter 16: What's next for ESG investing

2 ESG, SRI, and impact investing

Environmental, social, and governance investing

Socially responsible investment

Divestment: South Africa

Divestment: sin stocks

Impact investing

The Rise Fund

Mission investing

United Nations principles for responsible investing

United Nations sustainable development goals

Financial returns versus social and environmental returns

Global sustainable investment

3 Theory of the firm

The social responsibility of business is to increase its profits

Maximize shareholder welfare, not market value

Maximizing welfare

Shareholder rights

Summary

Appendix

4 Fiduciary duty in investment management

Addressing the Agency Problem

Fiduciary duty

Fiduciary obligations

"Prudent Man" rule

Uniform Prudent Investor Act

Uniform Prudent Management of Institutional Funds Act

Freshfields Report

Fiduciary II

United Nations Principles for Responsible Investing

Organization for Economic Cooperation and Development

5 Overview of financial institutions

Information asymmetries, moral hazard, and adverse selection

Commercial banks

Credit unions

Investment banks

Trading and research

Asset securitization

Mergers and acquisitions

Prime brokerage

Central banks

Conventional monetary tools

Unconventional monetary policy

Other central banks

Shadow banking: other financial intermediaries

Insurance companies

Categories of insurance

Prudential Financial Inc

MetLife Inc

Zurich Insurance Group

Pension funds

Largest pension funds

CalPERS

Florida State Board of Administration

Asset managers

Hedge funds

Private equity

6 Financial markets: equities

Risk, return, and diversification

Capital asset pricing model

Efficient market hypothesis

Random walk

Types of orders

Equity trading venues

Regulation

Investing in equities

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780128186930

0128186933

9780128186923

0128186925

OCLC:

1139147962