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.
1. Chapter 1. Introduction - p. 1 2. Chapter 2. ESG, SRI, and impact investing - p. 13 3. Chapter 3. Theory of the firm - p. 29 4. Chapter 4. Fiduciary duty in investment management - p. 45 5. Chapter 5. Overview of financial institutions - p. 59 6. Chapter 6. Financial markets: equities - p. 97 7. Chapter 7. Financial markets: bonds - p. 117 8. Chapter 8. Shareholder engagement - p. 145 9. Chapter 9. Defining and measuring ESG performance - p. 167 10. Chapter 10. ESG in managing institutional investor funds - p. 185 11. Chapter 11. ESG in managing college and university endowments - p. 205 12. Chapter 12. ESG in managing sovereign wealth and government sponsored funds - p. 227 13. Chapter 13. ESG in managing family foundations and family offices - p. 247 14. Chapter 14. Faith-based investing - p. 273 15. Chapter 15. ESG investing-organizations having direct impact - p. 303 16. Chapter 16. What’s next for ESG investing? - p. 329 17. References - p. 337 18. Index - p. 341
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.
1. Chapter 1. Introduction - p. 1 2. Chapter 2. ESG, SRI, and impact investing - p. 13 3. Chapter 3. Theory of the firm - p. 29 4. Chapter 4. Fiduciary duty in investment management - p. 45 5. Chapter 5. Overview of financial institutions - p. 59 6. Chapter 6. Financial markets: equities - p. 97 7. Chapter 7. Financial markets: bonds - p. 117 8. Chapter 8. Shareholder engagement - p. 145 9. Chapter 9. Defining and measuring ESG performance - p. 167 10. Chapter 10. ESG in managing institutional investor funds - p. 185 11. Chapter 11. ESG in managing college and university endowments - p. 205 12. Chapter 12. ESG in managing sovereign wealth and government sponsored funds - p. 227 13. Chapter 13. ESG in managing family foundations and family offices - p. 247 14. Chapter 14. Faith-based investing - p. 273 15. Chapter 15. ESG investing-organizations having direct impact - p. 303 16. Chapter 16. What’s next for ESG investing? - p. 329 17. References - p. 337 18. Index - p. 341
