Responsible Investment: A Vehicle for Environmentally Sustainable Economic Growth in South Africa
AbstractThis paper explores whether any investment products or strategies in South Africa take environmental sustainability into account. By looking at how environmental, social, and governance (ESG) criteria are used in investment decision making, we found that most socially-responsible investment products and responsible investment strategies largely focus on infrastructure, development, and black economic empowerment. Environmental criteria do not yet receive comparable attention from South African asset managers and owners. Mainstreaming responsible investment principles will need to come from either an increase in demand for such practices by asset owners or from company positions on ESG issues.
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Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-10-17-efd.
Date of creation: 18 Jun 2010
Date of revision:
responsible investment; socially responsible investment; pension funds; asset managers; screening; active share ownership;
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-07-10 (Africa)
- NEP-ALL-2010-07-10 (All new papers)
- NEP-ENV-2010-07-10 (Environmental Economics)
- NEP-RES-2010-07-10 (Resource Economics)
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- Giamporcaro, Stephanie, 2011. "A Market for Environmentally Responsible Investment? Identifying Obstacles and Enablers of Commodification of Environmental Risks in the South African Investment Industry," Discussion Papers dp-11-01-efd, Resources For the Future.
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