IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Defining and Measuring Green Investments: Implications for Institutional Investors' Asset Allocations

  • Georg Inderst
  • Christopher Kaminker
  • Fiona Stewart

This definitional, stocktaking paper aims to provide a comprehensive review of the concepts and definitions related to “green” investments that are currently used in the market place. The purpose of this research is not to take a position on a specific definition but rather to explore what is being generally used, whether there are commonalties and inconsistencies, and what lessons can be drawn from this analysis. The paper examines how “green” investments are defined across different asset classes (equities, bonds and alternative investments), as well as providing some estimates of the size of these markets. The paper concludes that, given the lack of consensus on the usage and definition of the term “green”, the most productive approach could be to take an open and dynamic stance towards definitions and standards, with international institutions and governments adopting a “governance approach to green investment”. Ce document à caractère définitionnel et d’inventaire vise à fournir une revue complète des concepts et définitions liés aux investissements « verts » utilisés actuellement sur le marché. L’objectif de cette recherche n’est pas de prendre position pour une définition particulière mais plutôt d’explorer ce qui est généralement utilisé, s’il existe des points communs et des incohérences et quelles leçons peuvent être tirées de cette analyse. Le document examine comment les investissements « verts » sont définis à travers différentes classes d’actif (actions, obligations and investissements alternatifs) et fournit également certaines estimations de la taille de ces investissements. Le document conclut que, étant donné le manque de consensus autour de l’usage et de la définition du terme « vert », l’approche la plus productive pourrait être d’adopter une attitude ouverte et dynamique au regard des définitions et des standards, les institutions internationales et les gouvernements pouvant adopter « une approche de gouvernance pour l’investissement vert ».

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://dx.doi.org/10.1787/5k9312twnn44-en
Our checks indicate that this address may not be valid because: 403 Forbidden (http://dx.doi.org/10.1787/5k9312twnn44-en [303 See Other]--> http://www.oecd-ilibrary.org/finance-and-investment/defining-and-measuring-green-investments_5k9312twnn44-en). If this is indeed the case, please notify ()


Download Restriction: no

Paper provided by OECD Publishing in its series OECD Working Papers on Finance, Insurance and Private Pensions with number 24.

as
in new window

Length:
Date of creation: Sep 2012
Date of revision:
Handle: RePEc:oec:dafaad:24-en
Contact details of provider: Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Phone: 33-(0)-1-45 24 82 00
Fax: 33-(0)-1-45 24 85 00
Web page: http://www.oecd.org
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:oec:dafaad:24-en. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.