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Darmstädter Definition nachhaltiger Geldanlagen
[Darmstadt Definition of Sustainable Investments]


  • Hoffmann, Johannes
  • Scherhorn, Gerhard
  • Busch, Timo


Sustainable investments cannot focus on profit maximization alone, they also have to contribute to the future of mankind in terms of ecological and social-cultural challenges. How to apply this definition for financial investments is a broadly discussed topic for asset-managers with regard to the many implications on future developments. Many tend to think that investments are sufficiently sustainable if they comply with the particular ideas the investor has about social, ethical or environmental concerns. To provide a deeper and broader definition about sustainable investments, the project Ethical-Ecological Rating initiated an expert workshop on behalf of the German Forum Sustainable Investments and the Corporate Responsibility Interface Center. The workshop's theme was: Definition and understanding of sustainable investments. Experts from several sectors, banks, investors, and other participants with economic or social background attended the workshop. The result is the Darmstadt Definition of Sustainable Investments. The experts involved intend to clarify the understanding of sustainable investments inorder to provide a more profound and stringent insight for actors in economy, society, politics, and administration. For both, the public and notably the investors, it is demonstrated that sustainable investments are one key for a more sustainable economy.

Suggested Citation

  • Hoffmann, Johannes & Scherhorn, Gerhard & Busch, Timo (ed.), 2004. "Darmstädter Definition nachhaltiger Geldanlagen
    [Darmstadt Definition of Sustainable Investments]
    ," Wuppertal Spezial, Wuppertal Institute for Climate, Environment and Energy, volume 31, number 31.
  • Handle: RePEc:zbw:wupspe:31

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    References listed on IDEAS

    1. European Commission, 2013. "Taxation trends in the European Union: 2013 edition," Taxation trends 2013, Directorate General Taxation and Customs Union, European Commission.
    2. European Commission, 2007. "Taxation trends in the European Union: 2007 edition," Taxation trends 2007, Directorate General Taxation and Customs Union, European Commission.
    3. A. Greening, Lorna & Greene, David L. & Difiglio, Carmen, 2000. "Energy efficiency and consumption -- the rebound effect -- a survey," Energy Policy, Elsevier, vol. 28(6-7), pages 389-401, June.
    4. Bleischwitz, Raimund, 2003. "Cognitive and institutional perspectives of eco-efficiency," Ecological Economics, Elsevier, vol. 46(3), pages 453-467, October.
    5. European Commission, 2011. "Taxation trends in the European Union: 2011 edition," Taxation trends 2011, Directorate General Taxation and Customs Union, European Commission.
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