Definition
Linking Socially Responsible Investing with Sustainable Development
Socially responsible investing is largely considered as investments that would enhance environmental, social, and economic sustainability. These investments into projects or legal entities typically allocate resources into the development and offering of products and services that are deemed socially responsible with a focus on long-term economic interest. Institutions engaged in socially responsible investing are meant to avoid businesses that are ethically questionable and involved in products and services that would result in unsustainability of the environment and society. Certain business activities in particular cause pollution to the environment and adversely affect human health. These activities would generate external costs or adverse impacts to the health and sustainability of the society, however, not incurred internally by these entities (Sovacool and Linnér 2016).
Socially responsible investing...
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Attig N, Ghoul SE, Guedhami O, Suh J (2013) Corporate social responsibility and credit ratings. J Bus Ethics 117(4):679–694
Auer BR (2016) Do socially responsible investment policies add or destroy European Stock Portfolio value? J Bus Ethics 135(2):381–397
Bebbington J, Larringaga C, Moneva JM (2008) Corporate social reporting and reputation risk management. Account Audit Account J 21(3):337–361
Blowfield M, Murray A (2014) Corporate responsibility. Oxford University Press, Oxford
Climate Bond Initiative (2018). https://www.climatebonds.net/. Accessed 21 Jan 2018
Crane A, Matten D (2016) Business ethics: managing corporate citizenship and sustainability in the age of globalization (International Edition). Oxford University Press, Oxford
Financial Services Development Council (2016) Hong Kong as a Regional Green Finance Hub
Ghoul S, Guedhami O, Kwok C, Mishra D (2011) Does corporate social responsibility affect the cost of capital? J Bank Financ 35(9):2388–2406
Global Reporting Initiative (2015) G4 sustainability reporting guidelines. Global Reporting Initiative
Gray R, Adams CA, Owen D (2014) Accountability, social responsibility and sustainability: accounting for society and the environment. Pearson Education Limited, Harlow
Häßler RD, Jung TH (2015) Principle good: the principles for responsible investment. In: Wendt K (ed) Responsible investment banking: risk management frameworks, sustainable financial innovation and softlaw standards. Springer International Publishing, Cham, pp 359–370
Hopwood A, Unerman J, Fries J (2010) Introduction to the accounting for sustainability case studies. In: Hopwood A, Unerman J, Fries J (eds) Accounting for sustainability. Earthscan, London/Washington DC, pp 1–26
IFAC (2011) Sustainability framework 2.0: professional accountants as integrators. International Federation of Accountants, New York
Landrigan P et al (2017) Lancet commission on pollution and health. Lancet. https://doi.org/10.1016/S0140-6736(17)32345-0. Published online Oct 19, 2017
Leal FW, Ulisses A, Alves F, Pace P, Mifsud M, Brandli L, Caeiro SS, Disterheft A (2017) Reinvigorating the sustainable development research agenda: the role of the sustainable development goals (SDG). Int J Sust Dev World Ecol. https://doi.org/10.1080/13504509.2017.1342103
Louche C, Arenas D, van Cranenburg KC (2012) From preaching to investing: attitudes of religious organizations towards responsible investment. J Bus Ethics 110(3):301–320
Majoch AAA, Hoepner AGF, Hebb T (2016) Sources of stakeholder salience in the responsible investment movement: why do investors sign the principles for responsible investment? J Bus Ethics. https://doi.org/10.1007/s10551-016-3057-2
Ng A, Nathwani J (2018) Sustainable energy infrastructure for Asia: policy framework for responsible financing and investment. In: Bhattacharyya SC (ed) Routledge handbook of energy in Asia. Routledge, Abingdon, pp 284–295
Perrini F, Tencati A (2006) Sustainability and stakeholder management: the need for new corporate performance evaluation and reporting systems. Bus Strateg Environ 15(5):296–308
Robins N (2008) The emergence of sustainable investing. In: Krosinsky C, Robins N (eds) Sustainable investing: the art of long-term performance. Earthscan, London/Sterling, pp 3–18
Sandberg J (2013) (Re-)Interpreting fiduciary duty to justify socially responsible investment for pension funds? Corp Gov 21(5):436–446
Schaltegger S, Wagner M (2006) Integrative management of sustainability performance, measurement and reporting. Int J Account Audit Perform Eval 3(1):1–19
Sovacool BK, Linnér BO (2016) Introduction to the political economy of climate change adaptation. In: The political economy of climate change adaptation. Palgrave Macmillan, London
United Nations or UN (2017) The sustainable development agenda. http://www.un.org/sustainabledevelopment/development-agenda/. Accessed 30 Nov 2017
UNPRI (2017) The SDG investment case
UNPRI (2018). http://www.unpri.org/. Accessed 20 January 2018
van Dijk-de Groota M, Nijhof AHJ (2015) Socially Responsible Investment Funds: a review of research priorities and strategic options. J Sustain Financ Invest 5(3):178–204
Woods C, Urwin R (2010) Putting sustainable investing into practice: a governance framework for pension funds. J Bus Ethics 92(1):1–19
Wut E, Ng A (2015) CSR practice and sustainable business performance: evidence from the global financial centre of China. Procedia Soc Behav Sci 195:133–141
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Section Editor information
Rights and permissions
Copyright information
© 2019 Springer Nature Switzerland AG
About this entry
Cite this entry
Ng, A.W. (2019). Socially Responsible Investing in Sustainable Development. In: Leal Filho, W. (eds) Encyclopedia of Sustainability in Higher Education. Springer, Cham. https://doi.org/10.1007/978-3-030-11352-0_301
Download citation
DOI: https://doi.org/10.1007/978-3-030-11352-0_301
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-11351-3
Online ISBN: 978-3-030-11352-0
eBook Packages: EducationReference Module Humanities and Social SciencesReference Module Education