This textbook provides the first holistic resource on Environmental, Social, and Governance (ESG) investing for undergraduate and graduate programs. It provides a thorough background and history of ESG investing, as well as cutting-edge industry developments, in a way that introduces the reader to the rapidly developing field of responsible investing.
Beginning with a comprehensive background of ESG investing and the development of models measuring risk and return, the book then discusses the development of ESG risks, and provides an overview of ESG rating systems. The textbook also outlines the current position of ESG investing in portfolio management through granular analysis, provides insight into common investor concerns about ESG investments, discloses qualitative theories relevant to ESG investing, and reviews literature attempting to model ESG investment performance. Finally, the authors provide readers with a foundation on the development of financial models measuring risk and return, which will be useful for measuring the performance of ESG investments. With case studies from contributors around the world, this textbook is the first of its kind to truly provide a compelling blend of quantitative and qualitative analysis supporting the incorporation of ESG investment strategies into investment portfolios.
Offering an excellent overview of the growing trends in ESG investing, as well as a close analysis of ESG theories and their practical application both today and in the future, this book will be a great resource for both undergraduates and graduate students.
" Exceptionally well organized and presented, "Responsible Investing: An Introduction to Environmental, Social, and Governance Investments" is enhanced for academia with the inclusion of tables, figures, a five page index, and a complete listing of the contributors and their credentials, making it ideal for college and university curriculums as a textbook that will be a great instructional and informational resource for both undergraduates and graduate students."
James A. Cox, Editor-in-Chief, Reviewer's Bookwatch: January 2019, Oregon.
Chapter 1: Introduction. Chapter 2: A Historical Survey of ESG Investing. Chapter 3: The Development of ESG Risk and the ESG Rating System. Chapter 4: Common Methods for Incorporating ESG Investments into Portfolio Management. Chapter 5: The Current Role of ESG Investing in Portfolio Management. Chapter 6: The Impact of Common Investment Theories on ESG Investment Trends. Chapter 7: Common Investor Concerns Regarding ESG Investment Strategies. Chapter 8: Commonly-Held ESG Views and Practical Considerations. Chapter 9: Methods for Modelling Risk and Return for Traditional Investments. Conclusion