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Responsible Investment: A Vehicle for Environmentally Sustainable Economic Growth in South Africa

Author

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  • Giamporcaro, Stephanie
  • Pretorius, Lise
  • Visser, Martine

Abstract

This 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.

Suggested Citation

  • Giamporcaro, Stephanie & Pretorius, Lise & Visser, Martine, 2010. "Responsible Investment: A Vehicle for Environmentally Sustainable Economic Growth in South Africa," RFF Working Paper Series dp-10-17-efd, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-10-17-efd
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    File URL: http://www.rff.org/RFF/documents/EfD-DP-10-17.pdf
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/3030 is not listed on IDEAS
    2. Isabelle Huault & Hélène Rainelli-Le Montagner, 2008. "A market for weather risk ? Worlds in conflict and compromising," Post-Print halshs-00340048, HAL.
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    Cited by:

    1. Giamporcaro, Stephanie, 2011. "A Market for Environmentally Responsible Investment? Identifying Obstacles and Enablers of Commodification of Environmental Risks in the South African Investment Industry," RFF Working Paper Series dp-11-01-efd, Resources for the Future.
    2. Ruschelle Sgammini, 2023. "A Comparative Risk-adjusted Performance Evaluation of South African SRI Funds and the FTSE/JSE over the Covid-19 Period," International Journal of Economics and Financial Issues, Econjournals, vol. 13(1), pages 46-55, January.

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    1. Giamporcaro, Stephanie, 2011. "A Market for Environmentally Responsible Investment? Identifying Obstacles and Enablers of Commodification of Environmental Risks in the South African Investment Industry," RFF Working Paper Series dp-11-01-efd, Resources for the Future.

    More about this item

    Keywords

    responsible investment; socially responsible investment; pension funds; asset managers; screening; active share ownership;
    All these keywords.

    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

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