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L’impact de l’investissement socialement responsable sur l’environnement : quelques éléments de réflexion

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  • Marianne Rubinstein

Abstract

[fre] L’investissement socialement responsable (ISR) s’impose aux États-Unis et au Royaume-Uni comme une forme majeure de placement de l’épargne. Dans l’hypothèse où les performances financières honorables de l’ISR se confirment, la demande sociale des investisseurs et les réformes institutionnelles en cours laissent présager un développement rapide de l’ISR. Celui-ci reflète les préoccupations de la société civile et accorde une place croissante aux préoccupations environnementales. Néanmoins, l’impact réel de l’ISR sur l’environnement reste à mesurer. Pour clarifier le débat, une distinction est établie entre l’impact sur les entreprises ciblées par les investisseurs socialement responsables et l’impact macroéconomique. S’il est clair que l’ISR permet de promouvoir une réflexion de nature environnementale au sein des firmes, son impact réel sur l’environnement est difficile à évaluer. . Classification JEL : G39, Q01 [eng] The impact of socially responsible investment on the environment : some elements of reflection . Socially responsible investment (SRI) is a major form of investment savings in the United States and the United Kingdom. In the event that the sound financial performances of SRI is confirmed, the social demand of investors and the institutional reforms that are underway are likely to lead to a rapid development in SRI. They reflect the concerns of civil society and give an increasing place to environmental concerns. Nevertheless, the real impact of SRI on the environment remains to be measured. In order to clarify the debate, a distinction is drawn between the impact created on those companies which are targeted by socially responsible investors and the macro-economic impact. Even though it is clear that SRI enables companies to reflect on the environment, its real impact on the environment is difficult to assess. . JEL classifications : G39, Q01

Suggested Citation

  • Marianne Rubinstein, 2002. "L’impact de l’investissement socialement responsable sur l’environnement : quelques éléments de réflexion," Revue d'Économie Financière, Programme National Persée, vol. 66(2), pages 173-187.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2002_num_66_2_3751
    DOI: 10.3406/ecofi.2002.3751
    Note: DOI:10.3406/ecofi.2002.3751
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    References listed on IDEAS

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    3. Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
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    More about this item

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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