Gateway to Think Tanks
来源类型 | Policy Contribution |
规范类型 | 简报 |
Sustainable investing: How to do it | |
Dirk Schoenmaker | |
发表日期 | 2018-11-28 |
出版年 | 2018 |
语种 | 英语 |
概述 | Sustainable investment is gaining momentum in Europe, but its current proposed taxonomy might hinder innovation in the field. In this Policy Contribution, Dirk Schoenmaker advocates for an active investment approach with concentrated portfolios, and sets out a six-point plan for sustainable investing. |
摘要 | In the transition to a sustainable economy, companies are increasingly adopting the goal of long-term value creation, which integrates financial, social and environmental value. Investors have an important stewardship role to steer companies to sustainable business practices that will achieve long-term value creation. Policy proposals from the European Union High Level Expert Group on Sustainable Finance, published in January 2018, promote a fiduciary duty to include sustainability in investment, company disclosure of sustainability information and a unified classification system (or taxonomy) of sustainable investments from which investors can choose. A fiduciary duty to include sustainability in the investment process and to disclose sustainability information can accelerate sustainable investment. But an official taxonomy might stifle innovation in sustainable investment. While such a taxonomy might bring much needed clarity in certain markets, such as the emerging market for green bonds, the general approach to sustainable investment should be market-led. Investors and banks are best placed to assess which companies are prepared for the transition to a sustainable economy. This Policy Contribution proposes an active investment approach to sustainable investment. This active approach is based on fundamental analysis of companies’ environmental, social and governance (ESG) factors and engagement with investee companies on material ESG factors. The aim is to uncover and realise companies’ social and environmental value alongside their financial value. Building on previous research (De Jong et al, 2017), we present a six-point plan for sustainable investing. These points range from active investment in concentrated portfolios and long investment horizons, to deep engagement with companies and shorter investment chains. |
主题 | Finance & Financial Regulation |
关键词 | ESG factors Investment sustainable finance sustainable investment |
URL | https://bruegel.org/2018/11/sustainable-investing-how-to-do-it/ |
来源智库 | Bruegel (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429781 |
推荐引用方式 GB/T 7714 | Dirk Schoenmaker. Sustainable investing: How to do it. 2018. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
Sustainable-investin(106KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | ![]() 浏览 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Dirk Schoenmaker]的文章 |
百度学术 |
百度学术中相似的文章 |
[Dirk Schoenmaker]的文章 |
必应学术 |
必应学术中相似的文章 |
[Dirk Schoenmaker]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。