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Environmental, Social, and Governance (ESG) Investing: A Balanced Review of Theoretical Backgrounds and Practical Implications presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns.
This book examines theories and their practical implications, illuminating issues that other books leave in the shadows.
- Provides a dispassionate examination of ESG investing
- Presents the historical arguments for maximizing returns and competing theories to support an ESG approach
- Reviews case studies of empirical evidence about relative returns of both traditional and ESG investment approaches
Upper-division undergraduates through professionals working in quantitative economics, portfolio management, and economic sustainability
Part I: Background
2. Theories of the Firm
3. Fiduciaries and their Responsibilities
4. Overview of Financial Markets
5. Portfolio Diversification
6. Equity and Bond markets
7. ESG, SRI, and Impact Investments
8. ESG Direct Action
9. Shareholder Activism
10. ESG in Mutual Funds and ETFs
Part II: Special Topics and Case Studies
11. University Endowments
12. Sovereign Wealth Funds
13. Family Office
14. Religious Fund
15. Multi-Investor Funds
16. Conclusions and Future Outlook
- No. of pages:
- © Academic Press 2020
- 1st February 2020
- Academic Press
- Paperback ISBN:
John Hill is President and CEO of Derivatives Strategy Group. He previously served as Co-Head of Global Energy Futures at Merrill Lynch and at ABN AMRO bank and as President and CEO of Broadway Futures Group, a small independent broker. He was Senior Vice President of North American Sales for Intercontinental Exchange (ICE), one of the first electronic platforms and was a model to many more recent start-ups. During his tenure at ICE, the company grew from a small, Atlanta-headquartered private company to a public company with an IPO valued at $12 billion. It now owns and operates the NYSE, among other businesses. Mr. Hill was also Senior Vice President at ICAP, the largest interdealer broker, where his focus was developing electronic businesses and planning compliance with Dodd Frank regulations.
President and CEO of Derivatives Strategy Group, Rye, NY, USA