Governmental and scientific news and insights on investor oriented environmental, social, and governance (ESG) data.

The Role of Shareholder Activism on Transparency

This paper investigates whether pressures from shareholder activism on CSR transparency lead to a change in corporate CSR disclosure. Rather than focusing on whether specific shareholders proposals are implemented, our aim is to understand whether the submission of CSR transparency-related proposals lead firms to increase their level of CSR disclosure. Such change in CSR disclosure [...]

By |2016-11-24T12:14:06+00:00November 22nd, 2016|Anti-corruption, Governance, Investors, Risk|0 Comments

Corporate Environmental Policy and Shareholder Value

This paper examines the effect of corporate environmental policy on institutional holdings, analyst coverage, and shareholder value. We find a sharp asymmetry between corporate policies that affect the firm’s exposure to environmental risk (“toxicity”) and its perceived environmental friendliness (“greenness”). We find a non-monotonic variation in ownership across the environmental performance spectrum. Both green and [...]

By |2016-11-16T14:50:27+00:00November 16th, 2016|Environmental, Firm Value, Governance, Indicators, Investors, Risk|0 Comments

The Value of ESG Data: Early Evidence for Emerging Markets Equities

Cambridge Associates October 2016: Our examination of incorporation of environmental, social, and governance factors into the stock selection process for two major MSCI indexes finds evidence that ESG factors added value in emerging markets equities but not developed markets equities Examination of the first three years data for the new MSCI Emerging Markets ESG Index [...]

Eurosif’s SRI Study 2016 launched

The 7th edition of the Study highlights the scale of Sustainable and Responsible Investment practices and trends in Europe and across 13 European countries. For the first time, the Study provides new detailed insights on Exclusions, Impact Investing and Environmental, Social and Governance (ESG) integration practices. Some of the Study’s most important findings include, among [...]

By |2016-11-24T12:14:06+00:00November 11th, 2016|CSR, Firm Value, Governance, International, Investors, Risk|0 Comments

The Impact of Mandated Corporate Social Responsibility: Evidence from India

Firms’ Corporate Social Responsibility (CSR) activity has become the subject of a large literature in recent years. This paper analyzes CSR activity using quasi-experimental variation created by Section 135 of India’s Companies Act of 2013, which requires (on a “comply-or-explain” basis) that firms satisfying specific size or profit thresholds spend a minimum of 2% of [...]

By |2016-11-24T12:14:06+00:00November 8th, 2016|CSR, Financial, Governance, Governments, Investors|0 Comments

CFA Institute: ESG issues in investing – Investors debunk the myths

This survey explains how investors view environmental, social, and governance (ESG) issues and data and the role ESG issues play in their investing process. MYTH #1 Firms offer ESG products primarily for reputational reasons. REALITY The top reason investors consider ESG products is to adequately manage risk, and client demand is growing. MYTH #2 ESG [...]

By |2016-11-24T12:14:06+00:00November 7th, 2016|CSR, Financial, Firm Value, Governance, Indicators, Investors|0 Comments

Market Reaction to Mandatory Nonfinancial Disclosure

This paper examines the equity market reaction to events associated with the passage of a directive in the European Union (EU) mandating increased nonfinancial disclosure, which affected firms listed on EU exchanges or having significant operations in the EU. The mandated disclosures relate to firms’ environmental, social, and governance performance. Using a cross-country sample, we [...]

By |2016-11-07T11:52:50+00:00November 7th, 2016|Financial, Firm Value, Governance, Investors|0 Comments

A sustainable finance plan for the European Union

This report outlines a ‘Sustainable Finance Plan 2030’ that focuses on three key aims and objectives that should be central to the Commission’s strategy on sustainable finance. First, the Commission should focus on increasing investment in sustainable infrastructure. It should use the current infrastructure investment gap as an opportunity to boost development and employment opportunities, [...]

By |2016-11-24T12:14:06+00:00November 3rd, 2016|Firm Value, Governance, International, Investors|0 Comments

New GRI standard launched

Climate Disclosure Standard Board (CDSB) wrote in this relation: The Global Reporting Initiative (GRI) is one of the key organisations working towards supporting sustainable decision making. An audience poll during their conference in May showed that 55% of the participants believed that investors would be the biggest consumers of sustainability information over the next 5 [...]

By |2016-11-24T12:14:06+00:00November 3rd, 2016|CSR, Indicators, Investors, SDG|0 Comments