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

Institutional Investors, Corporate Social Responsibility, and Stock Price Performance

In 2006, the United Nations Global Compact launched Principles for Responsible Investment (PRI), and the Japanese Ministry of Environment advocated financial mechanisms for environmental protection. We find that institutional ownership in 2005 is positively related to the probability of subsequent improvements in environment ratings for Japanese firms. The result is especially evident for domestic institutional [...]

By |2017-02-17T13:08:37+00:00February 17th, 2017|CSR, Firm Value, Governments, Investors|0 Comments

The Effects of Board Gender Diversity on a Firm’s Risk Strategies

We study whether board gender diversity (BGD) affects corporate risk strategies. Specifically, we investigate the association between BGD and firms’ reputation risk and financial risk. Using S&P data from 1997 to 2013, we find that BGD is negatively associated with tax avoidance, suggesting firms with gender-diverse boards are more cautious about potential reputation risks associated [...]

By |2017-02-17T13:05:13+00:00February 17th, 2017|Gender inequality, Governance, Risk|0 Comments

London Stock Exchange Group launches guidance for ESG reporting

London Stock Exchange Group has 09.02.2017 issued guidance, through its Global Sustainable Investment Centre, setting out recommendations for good practice in Environmental, Social and Governance (ESG) reporting. The global guide responds to demand from investors for a more consistent approach to ESG reporting, which is now a core part of the investment decision process. This [...]

By |2017-02-10T10:57:08+00:00February 10th, 2017|ESG, Governance, Investors, Risk, SDG|0 Comments