Sustainable Investing: Beating the Market with ESG
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cham
Springer International Publishing AG
2021
|
| Subjects: | |
| Online Access: | HWR01 |
| Physical Description: | 1 Online-Ressource (252 Seiten) |
| ISBN: | 9783030714895 |
Staff View
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| 505 | 8 | |a Intro -- Foreword -- Acknowledgements -- Introduction -- Note -- Contents -- About the Authors -- List of Figures -- List of Tables -- Part I Basics of Sustainable Investing -- 1 Motivation for Sustainable Investing: What Is the Purpose? -- Sustainable Investing is Becoming More Mainstream -- Better Returns Over the Long Term -- ESG Analysis Helps Investors Find Good Investments in Inefficient Markets -- Effective Risk Management -- Demand for Sustainable Products and Services is Increasing -- International Frameworks of Sustainable Investment -- Megatrends Behind Political Decisions and Legislation -- Legislation on Sustainable Financing is Increasing -- 2 Methods of Sustainable Investing -- Ethical or Sustainable Investing? -- Is Exclusion an Ethical or Financial Decision? -- Most Common Methods of Sustainable Investing -- The Popularity of Impact Investing is Increasing -- References -- Part II Engaging with Investees -- 3 Active Ownership -- Making an Impact at General Meetings -- Recommendations by International Service Providers Have an Impact -- Sustainability Aspects Through Shareholders' Proposals at General Meetings -- Legislation Impacting Shareholders' Rights -- EU Sets Requirements on Remuneration and Ownership Steering -- Stewardship Codes Are Becoming More Common -- Engagement Through Dialogue -- Engagement Through Investor Alliances -- Providers and Key Themes of Engagement Services -- The Role of Activist Investors in Promoting ESG -- Case: Shareholder Resolutions on Climate at the General Meetings of Shell and BP -- Summary -- Case: Stora Enso's International Challenges Brought Sustainability to the Core of Strategy -- Controversial Publicity for Disputes Over Land in Brazil -- Challenges Related to Land Acquired Through Intermediaries in China | |
| 505 | 8 | |a Suspected Use of Child Labour by a Pakistani Subcontractor Made the Company a Centre of Controversy -- Sustainability Has Been Brought to the Core of the Investor Debate: Continuous Dialogue and Investor Trips -- Active Dialogue Started by ESG Service Providers -- The Investors Used the Same Service Providers, Which Was Reflected in the Questions They Posed -- The Sustainability Crisis Culminated During the Annual General Meeting in 2014 -- Some Investors Sold Their Holdings Because of Sustainability Issues -- Open Communication and a Strong Commitment to Sustainability Were Key in Managing the Crisis -- Regaining Investors' Trust Required Time and Effort -- Investors Have Supported the Company's Transformation in Sustainability -- The Dialogue with Investors Has Normalised -- Summary -- The Perspective of an Engagement Service Provider: Sustainalytics Has Engaged with Stora Enso on Behalf of Investors -- Case: KLP Engages with Maersk on Responsible Ship Recycling -- Shipowners Use Beaching to Receive Higher Compensation -- Maersk Decided to Recycle Ships in India -- Weak International Regulation Enables the Dismantling of Ships in Substandard Conditions -- KLP Started Investigating Maersk's Situation After the News Broke Out -- KLP Seeks More Transparency from Maersk Over Ship-Recycling Practices -- KLP Observed Progress Between 2016 and 2020 -- KLP Put the Engagement with Maersk on Hold as It Waited for Changes in the EU Regulation -- KLP Visits Alang -- KLP Views Ship-Recycling Practices Primarily as an Ethical Question -- Company Point of View: Maersk Develops Sustainable Practices in Collaboration with Recycling Docks -- Summary -- References -- Part III Sustainability in Investment Analysis -- 4 Sustainability as Part of Qualitative Analysis -- Sustainability in Traditional Investment Analysis -- Sustainability Ratings and Specialised Analysis | |
| 505 | 8 | |a Understanding the Ambiguity of Sustainability Ratings Is Important -- Sustainability Ratings Help Investors Identify Risks -- Preparation of an in-Depth ESG Analysis -- Sustainability Reports Prepared by Companies: How to Recognise Material Information -- External Sources of Information -- Management Meetings and Requests for Additional Information -- Sustainability Analysis Affects Valuation and Investment Decisions -- Case: An Analysis of ABB to Illustrate ESG Analysis -- From Initial Analysis to Investment Decisions -- Opportunities: Focus on Clean Technology and Innovation -- Risks: Compliance with Sustainable Business Principles in International Operations -- Ethical Business Principles -- Responsible Procurement -- Harmful Materials -- Environmental Management -- Health and Safety -- Other Themes Reported by the Company in Addition to Material Risks -- An ESG Analyst's View: ABB Is at the Forefront of the Low-Carbon Energy Transition -- The Company's View: Responses by the Sustainability Unit at ABB to the Questions that Emerged During the ESG Analysis -- Summary -- 5 ESG Analysis Tools for Assessing Listed Shares -- Historical Reported Figures -- Carbon Intensity -- Green/Brown Exposure -- Sustainable Development Investments -- Case: PGGM's Analysis Tool for Investing in Sustainable Solutions -- Reporting on Impacts Required a New Tool -- Assessing Companies' Net Contribution to Sustainability Is Complicated -- Summary -- Summaries of Historical Data and Conclusions -- Sustainability Ratings -- Violations of International Norms -- Environmental Costs -- Case: Evli Bank's ESG Tool -- The Sustainability Tool Collects Key Data for Portfolio Managers and Customers -- The ESG Tool Contains Information About Companies' Sustainability and Potential Problems -- The Process of Sustainable Investing Is Built Around the Analysis Tool | |
| 505 | 8 | |a Sustainability Analysis Requires Several Sources of Information and Interpretation -- The ESG Analysis Tool Has Been Further Developed -- Summary -- Forward-Looking Summaries and Conclusions -- Preparedness for Climate Change -- Climate Scenarios -- Combination of Various Sustainability Aspects in Analysis -- 6 Sustainability of Various Investment Products -- Fund Selection -- Sustainability as Part of Funds' Investment Decisions and Sustainability Ratings for Funds -- Active Ownership-the Methods of Engagement Are Provided in Reports -- Assessment of Competence and Resourcing -- Reporting to Investors and Public Principles -- Case: OP Monitors the Practices of External Funds Annually -- OP Uses Extensive Surveys to Assess Funds' Sustainable Investing -- Meetings and Calls with Asset Managers Are Key Engagement Channels -- Passive Managers Are Expected to Promote Sustainability Among Investees -- Summary -- Sustainability Indices -- More Systematic Consideration of ESG in the Selection of Shares Through a Sustainable Benchmark Index -- Sustainable ETF Index Funds Increase Market Shares -- The Choices of the Service Provider Are Emphasised in the Preparation of Sustainability Indices -- Investors Choose Between Standard and Customised Indices -- Low-Carbon Indices for Climate Risk Management -- Sustainability Assessment in Various Asset Classes -- Fixed Income Investments -- Green Bonds -- Unlisted Investments -- Hedge Funds -- Opportunities for Private Investors -- Investments in Listed Shares -- Investments in Funds -- Sustainable Investing Requires Study -- References -- Part IV The Link Between Sustainability and Returns -- 7 The Nordic Perspective on Integrating ESG -- Goal and Status of Sustainable Investing -- Motivation for Sustainable Investing -- The Level of Implementation Varies -- Impacts Within Investment Organisations | |
| 505 | 8 | |a What Do the Principles of Responsible Investment Indicate? -- Growing Competence Requirements -- Critical Perspective -- Greenwashing or Real? -- Views on Irresponsible Investing -- With Sustainable Investing Becoming Mainstream, Will Outperformance Become a Thing of the Past? -- 8 Is Sustainable Investing Profitable? -- Research-Based Information About the Financial Profitability of Sustainability -- Sustainability Ratings and Financial Profitability Are Interrelated -- Sustainability Improves Market Value -- Sustainability Ratings Have a Positive Association with the Return on Capital Employed -- Material ESG Factors Generate Returns -- Sustainable Companies Fare Well During Recession -- Sustainable Companies During the Covid-19 Pandemic -- Lower Market Value Volatility -- Additional Premium Based on Environmental Friendliness -- Irresponsibility Destroys Returns and Capital -- Return Impacts of Various Methods of Sustainable Investing -- Active Ownership Matters -- Not All Exclusion Reduces Returns -- ESG Integration and Positive Screening Generate the Best Returns -- Challenges in Research and Criticism of Research into Sustainable Investing -- 9 What Is the Profitability of Sustainability Based on? -- The Impact of Sustainability on a Company's Profitability -- Net Sales -- Operating Costs -- Financial Costs -- Taxes -- Sustainable Investing and Economic Theory -- The Association Between Sustainability and Strategy in Value Creation -- The Role of Management -- Ethical Corporate Culture as Part of Good Governance -- References -- Part V Sustainability Trends and the Future of ESG -- 10 Changes in International Politics and Legislation -- Sustainability of the Financial System -- The EU Sustainable Finance Strategy -- The EU's Sustainable Finance Legislation Would Change Companies' Reporting Requirements | |
| 505 | 8 | |a The EU Is Preparing a Taxonomy of Sustainable Investments | |
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| contents | Intro -- Foreword -- Acknowledgements -- Introduction -- Note -- Contents -- About the Authors -- List of Figures -- List of Tables -- Part I Basics of Sustainable Investing -- 1 Motivation for Sustainable Investing: What Is the Purpose? -- Sustainable Investing is Becoming More Mainstream -- Better Returns Over the Long Term -- ESG Analysis Helps Investors Find Good Investments in Inefficient Markets -- Effective Risk Management -- Demand for Sustainable Products and Services is Increasing -- International Frameworks of Sustainable Investment -- Megatrends Behind Political Decisions and Legislation -- Legislation on Sustainable Financing is Increasing -- 2 Methods of Sustainable Investing -- Ethical or Sustainable Investing? -- Is Exclusion an Ethical or Financial Decision? -- Most Common Methods of Sustainable Investing -- The Popularity of Impact Investing is Increasing -- References -- Part II Engaging with Investees -- 3 Active Ownership -- Making an Impact at General Meetings -- Recommendations by International Service Providers Have an Impact -- Sustainability Aspects Through Shareholders' Proposals at General Meetings -- Legislation Impacting Shareholders' Rights -- EU Sets Requirements on Remuneration and Ownership Steering -- Stewardship Codes Are Becoming More Common -- Engagement Through Dialogue -- Engagement Through Investor Alliances -- Providers and Key Themes of Engagement Services -- The Role of Activist Investors in Promoting ESG -- Case: Shareholder Resolutions on Climate at the General Meetings of Shell and BP -- Summary -- Case: Stora Enso's International Challenges Brought Sustainability to the Core of Strategy -- Controversial Publicity for Disputes Over Land in Brazil -- Challenges Related to Land Acquired Through Intermediaries in China Suspected Use of Child Labour by a Pakistani Subcontractor Made the Company a Centre of Controversy -- Sustainability Has Been Brought to the Core of the Investor Debate: Continuous Dialogue and Investor Trips -- Active Dialogue Started by ESG Service Providers -- The Investors Used the Same Service Providers, Which Was Reflected in the Questions They Posed -- The Sustainability Crisis Culminated During the Annual General Meeting in 2014 -- Some Investors Sold Their Holdings Because of Sustainability Issues -- Open Communication and a Strong Commitment to Sustainability Were Key in Managing the Crisis -- Regaining Investors' Trust Required Time and Effort -- Investors Have Supported the Company's Transformation in Sustainability -- The Dialogue with Investors Has Normalised -- Summary -- The Perspective of an Engagement Service Provider: Sustainalytics Has Engaged with Stora Enso on Behalf of Investors -- Case: KLP Engages with Maersk on Responsible Ship Recycling -- Shipowners Use Beaching to Receive Higher Compensation -- Maersk Decided to Recycle Ships in India -- Weak International Regulation Enables the Dismantling of Ships in Substandard Conditions -- KLP Started Investigating Maersk's Situation After the News Broke Out -- KLP Seeks More Transparency from Maersk Over Ship-Recycling Practices -- KLP Observed Progress Between 2016 and 2020 -- KLP Put the Engagement with Maersk on Hold as It Waited for Changes in the EU Regulation -- KLP Visits Alang -- KLP Views Ship-Recycling Practices Primarily as an Ethical Question -- Company Point of View: Maersk Develops Sustainable Practices in Collaboration with Recycling Docks -- Summary -- References -- Part III Sustainability in Investment Analysis -- 4 Sustainability as Part of Qualitative Analysis -- Sustainability in Traditional Investment Analysis -- Sustainability Ratings and Specialised Analysis Understanding the Ambiguity of Sustainability Ratings Is Important -- Sustainability Ratings Help Investors Identify Risks -- Preparation of an in-Depth ESG Analysis -- Sustainability Reports Prepared by Companies: How to Recognise Material Information -- External Sources of Information -- Management Meetings and Requests for Additional Information -- Sustainability Analysis Affects Valuation and Investment Decisions -- Case: An Analysis of ABB to Illustrate ESG Analysis -- From Initial Analysis to Investment Decisions -- Opportunities: Focus on Clean Technology and Innovation -- Risks: Compliance with Sustainable Business Principles in International Operations -- Ethical Business Principles -- Responsible Procurement -- Harmful Materials -- Environmental Management -- Health and Safety -- Other Themes Reported by the Company in Addition to Material Risks -- An ESG Analyst's View: ABB Is at the Forefront of the Low-Carbon Energy Transition -- The Company's View: Responses by the Sustainability Unit at ABB to the Questions that Emerged During the ESG Analysis -- Summary -- 5 ESG Analysis Tools for Assessing Listed Shares -- Historical Reported Figures -- Carbon Intensity -- Green/Brown Exposure -- Sustainable Development Investments -- Case: PGGM's Analysis Tool for Investing in Sustainable Solutions -- Reporting on Impacts Required a New Tool -- Assessing Companies' Net Contribution to Sustainability Is Complicated -- Summary -- Summaries of Historical Data and Conclusions -- Sustainability Ratings -- Violations of International Norms -- Environmental Costs -- Case: Evli Bank's ESG Tool -- The Sustainability Tool Collects Key Data for Portfolio Managers and Customers -- The ESG Tool Contains Information About Companies' Sustainability and Potential Problems -- The Process of Sustainable Investing Is Built Around the Analysis Tool Sustainability Analysis Requires Several Sources of Information and Interpretation -- The ESG Analysis Tool Has Been Further Developed -- Summary -- Forward-Looking Summaries and Conclusions -- Preparedness for Climate Change -- Climate Scenarios -- Combination of Various Sustainability Aspects in Analysis -- 6 Sustainability of Various Investment Products -- Fund Selection -- Sustainability as Part of Funds' Investment Decisions and Sustainability Ratings for Funds -- Active Ownership-the Methods of Engagement Are Provided in Reports -- Assessment of Competence and Resourcing -- Reporting to Investors and Public Principles -- Case: OP Monitors the Practices of External Funds Annually -- OP Uses Extensive Surveys to Assess Funds' Sustainable Investing -- Meetings and Calls with Asset Managers Are Key Engagement Channels -- Passive Managers Are Expected to Promote Sustainability Among Investees -- Summary -- Sustainability Indices -- More Systematic Consideration of ESG in the Selection of Shares Through a Sustainable Benchmark Index -- Sustainable ETF Index Funds Increase Market Shares -- The Choices of the Service Provider Are Emphasised in the Preparation of Sustainability Indices -- Investors Choose Between Standard and Customised Indices -- Low-Carbon Indices for Climate Risk Management -- Sustainability Assessment in Various Asset Classes -- Fixed Income Investments -- Green Bonds -- Unlisted Investments -- Hedge Funds -- Opportunities for Private Investors -- Investments in Listed Shares -- Investments in Funds -- Sustainable Investing Requires Study -- References -- Part IV The Link Between Sustainability and Returns -- 7 The Nordic Perspective on Integrating ESG -- Goal and Status of Sustainable Investing -- Motivation for Sustainable Investing -- The Level of Implementation Varies -- Impacts Within Investment Organisations What Do the Principles of Responsible Investment Indicate? -- Growing Competence Requirements -- Critical Perspective -- Greenwashing or Real? -- Views on Irresponsible Investing -- With Sustainable Investing Becoming Mainstream, Will Outperformance Become a Thing of the Past? -- 8 Is Sustainable Investing Profitable? -- Research-Based Information About the Financial Profitability of Sustainability -- Sustainability Ratings and Financial Profitability Are Interrelated -- Sustainability Improves Market Value -- Sustainability Ratings Have a Positive Association with the Return on Capital Employed -- Material ESG Factors Generate Returns -- Sustainable Companies Fare Well During Recession -- Sustainable Companies During the Covid-19 Pandemic -- Lower Market Value Volatility -- Additional Premium Based on Environmental Friendliness -- Irresponsibility Destroys Returns and Capital -- Return Impacts of Various Methods of Sustainable Investing -- Active Ownership Matters -- Not All Exclusion Reduces Returns -- ESG Integration and Positive Screening Generate the Best Returns -- Challenges in Research and Criticism of Research into Sustainable Investing -- 9 What Is the Profitability of Sustainability Based on? -- The Impact of Sustainability on a Company's Profitability -- Net Sales -- Operating Costs -- Financial Costs -- Taxes -- Sustainable Investing and Economic Theory -- The Association Between Sustainability and Strategy in Value Creation -- The Role of Management -- Ethical Corporate Culture as Part of Good Governance -- References -- Part V Sustainability Trends and the Future of ESG -- 10 Changes in International Politics and Legislation -- Sustainability of the Financial System -- The EU Sustainable Finance Strategy -- The EU's Sustainable Finance Legislation Would Change Companies' Reporting Requirements The EU Is Preparing a Taxonomy of Sustainable Investments |
| ctrlnum | (ZDB-30-PQE)EBC6641382 (ZDB-30-PAD)EBC6641382 (ZDB-89-EBL)EBL6641382 (OCoLC)1266519867 (DE-599)BVBBV048523175 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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code="2">rdacarrier</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Intro -- Foreword -- Acknowledgements -- Introduction -- Note -- Contents -- About the Authors -- List of Figures -- List of Tables -- Part I Basics of Sustainable Investing -- 1 Motivation for Sustainable Investing: What Is the Purpose? -- Sustainable Investing is Becoming More Mainstream -- Better Returns Over the Long Term -- ESG Analysis Helps Investors Find Good Investments in Inefficient Markets -- Effective Risk Management -- Demand for Sustainable Products and Services is Increasing -- International Frameworks of Sustainable Investment -- Megatrends Behind Political Decisions and Legislation -- Legislation on Sustainable Financing is Increasing -- 2 Methods of Sustainable Investing -- Ethical or Sustainable Investing? -- Is Exclusion an Ethical or Financial Decision? -- Most Common Methods of Sustainable Investing -- The Popularity of Impact Investing is Increasing -- References -- Part II Engaging with Investees -- 3 Active Ownership -- Making an Impact at General Meetings -- Recommendations by International Service Providers Have an Impact -- Sustainability Aspects Through Shareholders' Proposals at General Meetings -- Legislation Impacting Shareholders' Rights -- EU Sets Requirements on Remuneration and Ownership Steering -- Stewardship Codes Are Becoming More Common -- Engagement Through Dialogue -- Engagement Through Investor Alliances -- Providers and Key Themes of Engagement Services -- The Role of Activist Investors in Promoting ESG -- Case: Shareholder Resolutions on Climate at the General Meetings of Shell and BP -- Summary -- Case: Stora Enso's International Challenges Brought Sustainability to the Core of Strategy -- Controversial Publicity for Disputes Over Land in Brazil -- Challenges Related to Land Acquired Through Intermediaries in China</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Suspected Use of Child Labour by a Pakistani Subcontractor Made the Company a Centre of Controversy -- Sustainability Has Been Brought to the Core of the Investor Debate: Continuous Dialogue and Investor Trips -- Active Dialogue Started by ESG Service Providers -- The Investors Used the Same Service Providers, Which Was Reflected in the Questions They Posed -- The Sustainability Crisis Culminated During the Annual General Meeting in 2014 -- Some Investors Sold Their Holdings Because of Sustainability Issues -- Open Communication and a Strong Commitment to Sustainability Were Key in Managing the Crisis -- Regaining Investors' Trust Required Time and Effort -- Investors Have Supported the Company's Transformation in Sustainability -- The Dialogue with Investors Has Normalised -- Summary -- The Perspective of an Engagement Service Provider: Sustainalytics Has Engaged with Stora Enso on Behalf of Investors -- Case: KLP Engages with Maersk on Responsible Ship Recycling -- Shipowners Use Beaching to Receive Higher Compensation -- Maersk Decided to Recycle Ships in India -- Weak International Regulation Enables the Dismantling of Ships in Substandard Conditions -- KLP Started Investigating Maersk's Situation After the News Broke Out -- KLP Seeks More Transparency from Maersk Over Ship-Recycling Practices -- KLP Observed Progress Between 2016 and 2020 -- KLP Put the Engagement with Maersk on Hold as It Waited for Changes in the EU Regulation -- KLP Visits Alang -- KLP Views Ship-Recycling Practices Primarily as an Ethical Question -- Company Point of View: Maersk Develops Sustainable Practices in Collaboration with Recycling Docks -- Summary -- References -- Part III Sustainability in Investment Analysis -- 4 Sustainability as Part of Qualitative Analysis -- Sustainability in Traditional Investment Analysis -- Sustainability Ratings and Specialised Analysis</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Understanding the Ambiguity of Sustainability Ratings Is Important -- Sustainability Ratings Help Investors Identify Risks -- Preparation of an in-Depth ESG Analysis -- Sustainability Reports Prepared by Companies: How to Recognise Material Information -- External Sources of Information -- Management Meetings and Requests for Additional Information -- Sustainability Analysis Affects Valuation and Investment Decisions -- Case: An Analysis of ABB to Illustrate ESG Analysis -- From Initial Analysis to Investment Decisions -- Opportunities: Focus on Clean Technology and Innovation -- Risks: Compliance with Sustainable Business Principles in International Operations -- Ethical Business Principles -- Responsible Procurement -- Harmful Materials -- Environmental Management -- Health and Safety -- Other Themes Reported by the Company in Addition to Material Risks -- An ESG Analyst's View: ABB Is at the Forefront of the Low-Carbon Energy Transition -- The Company's View: Responses by the Sustainability Unit at ABB to the Questions that Emerged During the ESG Analysis -- Summary -- 5 ESG Analysis Tools for Assessing Listed Shares -- Historical Reported Figures -- Carbon Intensity -- Green/Brown Exposure -- Sustainable Development Investments -- Case: PGGM's Analysis Tool for Investing in Sustainable Solutions -- Reporting on Impacts Required a New Tool -- Assessing Companies' Net Contribution to Sustainability Is Complicated -- Summary -- Summaries of Historical Data and Conclusions -- Sustainability Ratings -- Violations of International Norms -- Environmental Costs -- Case: Evli Bank's ESG Tool -- The Sustainability Tool Collects Key Data for Portfolio Managers and Customers -- The ESG Tool Contains Information About Companies' Sustainability and Potential Problems -- The Process of Sustainable Investing Is Built Around the Analysis Tool</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Sustainability Analysis Requires Several Sources of Information and Interpretation -- The ESG Analysis Tool Has Been Further Developed -- Summary -- Forward-Looking Summaries and Conclusions -- Preparedness for Climate Change -- Climate Scenarios -- Combination of Various Sustainability Aspects in Analysis -- 6 Sustainability of Various Investment Products -- Fund Selection -- Sustainability as Part of Funds' Investment Decisions and Sustainability Ratings for Funds -- Active Ownership-the Methods of Engagement Are Provided in Reports -- Assessment of Competence and Resourcing -- Reporting to Investors and Public Principles -- Case: OP Monitors the Practices of External Funds Annually -- OP Uses Extensive Surveys to Assess Funds' Sustainable Investing -- Meetings and Calls with Asset Managers Are Key Engagement Channels -- Passive Managers Are Expected to Promote Sustainability Among Investees -- Summary -- Sustainability Indices -- More Systematic Consideration of ESG in the Selection of Shares Through a Sustainable Benchmark Index -- Sustainable ETF Index Funds Increase Market Shares -- The Choices 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| id | DE-604.BV048523175 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:50:25Z |
| indexdate | 2024-07-10T09:40:30Z |
| institution | BVB |
| isbn | 9783030714895 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033900023 |
| oclc_num | 1266519867 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (252 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE_Kauf |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Springer International Publishing AG |
| record_format | marc |
| spelling | Silvola, Hanna Verfasser aut Sustainable Investing Beating the Market with ESG Cham Springer International Publishing AG 2021 ©2021 1 Online-Ressource (252 Seiten) txt rdacontent c rdamedia cr rdacarrier Intro -- Foreword -- Acknowledgements -- Introduction -- Note -- Contents -- About the Authors -- List of Figures -- List of Tables -- Part I Basics of Sustainable Investing -- 1 Motivation for Sustainable Investing: What Is the Purpose? -- Sustainable Investing is Becoming More Mainstream -- Better Returns Over the Long Term -- ESG Analysis Helps Investors Find Good Investments in Inefficient Markets -- Effective Risk Management -- Demand for Sustainable Products and Services is Increasing -- International Frameworks of Sustainable Investment -- Megatrends Behind Political Decisions and Legislation -- Legislation on Sustainable Financing is Increasing -- 2 Methods of Sustainable Investing -- Ethical or Sustainable Investing? -- Is Exclusion an Ethical or Financial Decision? -- Most Common Methods of Sustainable Investing -- The Popularity of Impact Investing is Increasing -- References -- Part II Engaging with Investees -- 3 Active Ownership -- Making an Impact at General Meetings -- Recommendations by International Service Providers Have an Impact -- Sustainability Aspects Through Shareholders' Proposals at General Meetings -- Legislation Impacting Shareholders' Rights -- EU Sets Requirements on Remuneration and Ownership Steering -- Stewardship Codes Are Becoming More Common -- Engagement Through Dialogue -- Engagement Through Investor Alliances -- Providers and Key Themes of Engagement Services -- The Role of Activist Investors in Promoting ESG -- Case: Shareholder Resolutions on Climate at the General Meetings of Shell and BP -- Summary -- Case: Stora Enso's International Challenges Brought Sustainability to the Core of Strategy -- Controversial Publicity for Disputes Over Land in Brazil -- Challenges Related to Land Acquired Through Intermediaries in China Suspected Use of Child Labour by a Pakistani Subcontractor Made the Company a Centre of Controversy -- Sustainability Has Been Brought to the Core of the Investor Debate: Continuous Dialogue and Investor Trips -- Active Dialogue Started by ESG Service Providers -- The Investors Used the Same Service Providers, Which Was Reflected in the Questions They Posed -- The Sustainability Crisis Culminated During the Annual General Meeting in 2014 -- Some Investors Sold Their Holdings Because of Sustainability Issues -- Open Communication and a Strong Commitment to Sustainability Were Key in Managing the Crisis -- Regaining Investors' Trust Required Time and Effort -- Investors Have Supported the Company's Transformation in Sustainability -- The Dialogue with Investors Has Normalised -- Summary -- The Perspective of an Engagement Service Provider: Sustainalytics Has Engaged with Stora Enso on Behalf of Investors -- Case: KLP Engages with Maersk on Responsible Ship Recycling -- Shipowners Use Beaching to Receive Higher Compensation -- Maersk Decided to Recycle Ships in India -- Weak International Regulation Enables the Dismantling of Ships in Substandard Conditions -- KLP Started Investigating Maersk's Situation After the News Broke Out -- KLP Seeks More Transparency from Maersk Over Ship-Recycling Practices -- KLP Observed Progress Between 2016 and 2020 -- KLP Put the Engagement with Maersk on Hold as It Waited for Changes in the EU Regulation -- KLP Visits Alang -- KLP Views Ship-Recycling Practices Primarily as an Ethical Question -- Company Point of View: Maersk Develops Sustainable Practices in Collaboration with Recycling Docks -- Summary -- References -- Part III Sustainability in Investment Analysis -- 4 Sustainability as Part of Qualitative Analysis -- Sustainability in Traditional Investment Analysis -- Sustainability Ratings and Specialised Analysis Understanding the Ambiguity of Sustainability Ratings Is Important -- Sustainability Ratings Help Investors Identify Risks -- Preparation of an in-Depth ESG Analysis -- Sustainability Reports Prepared by Companies: How to Recognise Material Information -- External Sources of Information -- Management Meetings and Requests for Additional Information -- Sustainability Analysis Affects Valuation and Investment Decisions -- Case: An Analysis of ABB to Illustrate ESG Analysis -- From Initial Analysis to Investment Decisions -- Opportunities: Focus on Clean Technology and Innovation -- Risks: Compliance with Sustainable Business Principles in International Operations -- Ethical Business Principles -- Responsible Procurement -- Harmful Materials -- Environmental Management -- Health and Safety -- Other Themes Reported by the Company in Addition to Material Risks -- An ESG Analyst's View: ABB Is at the Forefront of the Low-Carbon Energy Transition -- The Company's View: Responses by the Sustainability Unit at ABB to the Questions that Emerged During the ESG Analysis -- Summary -- 5 ESG Analysis Tools for Assessing Listed Shares -- Historical Reported Figures -- Carbon Intensity -- Green/Brown Exposure -- Sustainable Development Investments -- Case: PGGM's Analysis Tool for Investing in Sustainable Solutions -- Reporting on Impacts Required a New Tool -- Assessing Companies' Net Contribution to Sustainability Is Complicated -- Summary -- Summaries of Historical Data and Conclusions -- Sustainability Ratings -- Violations of International Norms -- Environmental Costs -- Case: Evli Bank's ESG Tool -- The Sustainability Tool Collects Key Data for Portfolio Managers and Customers -- The ESG Tool Contains Information About Companies' Sustainability and Potential Problems -- The Process of Sustainable Investing Is Built Around the Analysis Tool Sustainability Analysis Requires Several Sources of Information and Interpretation -- The ESG Analysis Tool Has Been Further Developed -- Summary -- Forward-Looking Summaries and Conclusions -- Preparedness for Climate Change -- Climate Scenarios -- Combination of Various Sustainability Aspects in Analysis -- 6 Sustainability of Various Investment Products -- Fund Selection -- Sustainability as Part of Funds' Investment Decisions and Sustainability Ratings for Funds -- Active Ownership-the Methods of Engagement Are Provided in Reports -- Assessment of Competence and Resourcing -- Reporting to Investors and Public Principles -- Case: OP Monitors the Practices of External Funds Annually -- OP Uses Extensive Surveys to Assess Funds' Sustainable Investing -- Meetings and Calls with Asset Managers Are Key Engagement Channels -- Passive Managers Are Expected to Promote Sustainability Among Investees -- Summary -- Sustainability Indices -- More Systematic Consideration of ESG in the Selection of Shares Through a Sustainable Benchmark Index -- Sustainable ETF Index Funds Increase Market Shares -- The Choices of the Service Provider Are Emphasised in the Preparation of Sustainability Indices -- Investors Choose Between Standard and Customised Indices -- Low-Carbon Indices for Climate Risk Management -- Sustainability Assessment in Various Asset Classes -- Fixed Income Investments -- Green Bonds -- Unlisted Investments -- Hedge Funds -- Opportunities for Private Investors -- Investments in Listed Shares -- Investments in Funds -- Sustainable Investing Requires Study -- References -- Part IV The Link Between Sustainability and Returns -- 7 The Nordic Perspective on Integrating ESG -- Goal and Status of Sustainable Investing -- Motivation for Sustainable Investing -- The Level of Implementation Varies -- Impacts Within Investment Organisations What Do the Principles of Responsible Investment Indicate? -- Growing Competence Requirements -- Critical Perspective -- Greenwashing or Real? -- Views on Irresponsible Investing -- With Sustainable Investing Becoming Mainstream, Will Outperformance Become a Thing of the Past? -- 8 Is Sustainable Investing Profitable? -- Research-Based Information About the Financial Profitability of Sustainability -- Sustainability Ratings and Financial Profitability Are Interrelated -- Sustainability Improves Market Value -- Sustainability Ratings Have a Positive Association with the Return on Capital Employed -- Material ESG Factors Generate Returns -- Sustainable Companies Fare Well During Recession -- Sustainable Companies During the Covid-19 Pandemic -- Lower Market Value Volatility -- Additional Premium Based on Environmental Friendliness -- Irresponsibility Destroys Returns and Capital -- Return Impacts of Various Methods of Sustainable Investing -- Active Ownership Matters -- Not All Exclusion Reduces Returns -- ESG Integration and Positive Screening Generate the Best Returns -- Challenges in Research and Criticism of Research into Sustainable Investing -- 9 What Is the Profitability of Sustainability Based on? -- The Impact of Sustainability on a Company's Profitability -- Net Sales -- Operating Costs -- Financial Costs -- Taxes -- Sustainable Investing and Economic Theory -- The Association Between Sustainability and Strategy in Value Creation -- The Role of Management -- Ethical Corporate Culture as Part of Good Governance -- References -- Part V Sustainability Trends and the Future of ESG -- 10 Changes in International Politics and Legislation -- Sustainability of the Financial System -- The EU Sustainable Finance Strategy -- The EU's Sustainable Finance Legislation Would Change Companies' Reporting Requirements The EU Is Preparing a Taxonomy of Sustainable Investments Investments-Environmental aspects Investments-Social aspects Corporate Social Responsibility (DE-588)7697760-2 gnd rswk-swf Investitionsanalyse (DE-588)4273190-2 gnd rswk-swf Electronic books Investitionsanalyse (DE-588)4273190-2 s Corporate Social Responsibility (DE-588)7697760-2 s DE-604 Landau, Tiina Sonstige oth Erscheint auch als Druck-Ausgabe Silvola, Hanna Sustainable Investing Cham : Springer International Publishing AG,c2021 9783030714888 |
| spellingShingle | Silvola, Hanna Sustainable Investing Beating the Market with ESG Intro -- Foreword -- Acknowledgements -- Introduction -- Note -- Contents -- About the Authors -- List of Figures -- List of Tables -- Part I Basics of Sustainable Investing -- 1 Motivation for Sustainable Investing: What Is the Purpose? -- Sustainable Investing is Becoming More Mainstream -- Better Returns Over the Long Term -- ESG Analysis Helps Investors Find Good Investments in Inefficient Markets -- Effective Risk Management -- Demand for Sustainable Products and Services is Increasing -- International Frameworks of Sustainable Investment -- Megatrends Behind Political Decisions and Legislation -- Legislation on Sustainable Financing is Increasing -- 2 Methods of Sustainable Investing -- Ethical or Sustainable Investing? -- Is Exclusion an Ethical or Financial Decision? -- Most Common Methods of Sustainable Investing -- The Popularity of Impact Investing is Increasing -- References -- Part II Engaging with Investees -- 3 Active Ownership -- Making an Impact at General Meetings -- Recommendations by International Service Providers Have an Impact -- Sustainability Aspects Through Shareholders' Proposals at General Meetings -- Legislation Impacting Shareholders' Rights -- EU Sets Requirements on Remuneration and Ownership Steering -- Stewardship Codes Are Becoming More Common -- Engagement Through Dialogue -- Engagement Through Investor Alliances -- Providers and Key Themes of Engagement Services -- The Role of Activist Investors in Promoting ESG -- Case: Shareholder Resolutions on Climate at the General Meetings of Shell and BP -- Summary -- Case: Stora Enso's International Challenges Brought Sustainability to the Core of Strategy -- Controversial Publicity for Disputes Over Land in Brazil -- Challenges Related to Land Acquired Through Intermediaries in China Suspected Use of Child Labour by a Pakistani Subcontractor Made the Company a Centre of Controversy -- Sustainability Has Been Brought to the Core of the Investor Debate: Continuous Dialogue and Investor Trips -- Active Dialogue Started by ESG Service Providers -- The Investors Used the Same Service Providers, Which Was Reflected in the Questions They Posed -- The Sustainability Crisis Culminated During the Annual General Meeting in 2014 -- Some Investors Sold Their Holdings Because of Sustainability Issues -- Open Communication and a Strong Commitment to Sustainability Were Key in Managing the Crisis -- Regaining Investors' Trust Required Time and Effort -- Investors Have Supported the Company's Transformation in Sustainability -- The Dialogue with Investors Has Normalised -- Summary -- The Perspective of an Engagement Service Provider: Sustainalytics Has Engaged with Stora Enso on Behalf of Investors -- Case: KLP Engages with Maersk on Responsible Ship Recycling -- Shipowners Use Beaching to Receive Higher Compensation -- Maersk Decided to Recycle Ships in India -- Weak International Regulation Enables the Dismantling of Ships in Substandard Conditions -- KLP Started Investigating Maersk's Situation After the News Broke Out -- KLP Seeks More Transparency from Maersk Over Ship-Recycling Practices -- KLP Observed Progress Between 2016 and 2020 -- KLP Put the Engagement with Maersk on Hold as It Waited for Changes in the EU Regulation -- KLP Visits Alang -- KLP Views Ship-Recycling Practices Primarily as an Ethical Question -- Company Point of View: Maersk Develops Sustainable Practices in Collaboration with Recycling Docks -- Summary -- References -- Part III Sustainability in Investment Analysis -- 4 Sustainability as Part of Qualitative Analysis -- Sustainability in Traditional Investment Analysis -- Sustainability Ratings and Specialised Analysis Understanding the Ambiguity of Sustainability Ratings Is Important -- Sustainability Ratings Help Investors Identify Risks -- Preparation of an in-Depth ESG Analysis -- Sustainability Reports Prepared by Companies: How to Recognise Material Information -- External Sources of Information -- Management Meetings and Requests for Additional Information -- Sustainability Analysis Affects Valuation and Investment Decisions -- Case: An Analysis of ABB to Illustrate ESG Analysis -- From Initial Analysis to Investment Decisions -- Opportunities: Focus on Clean Technology and Innovation -- Risks: Compliance with Sustainable Business Principles in International Operations -- Ethical Business Principles -- Responsible Procurement -- Harmful Materials -- Environmental Management -- Health and Safety -- Other Themes Reported by the Company in Addition to Material Risks -- An ESG Analyst's View: ABB Is at the Forefront of the Low-Carbon Energy Transition -- The Company's View: Responses by the Sustainability Unit at ABB to the Questions that Emerged During the ESG Analysis -- Summary -- 5 ESG Analysis Tools for Assessing Listed Shares -- Historical Reported Figures -- Carbon Intensity -- Green/Brown Exposure -- Sustainable Development Investments -- Case: PGGM's Analysis Tool for Investing in Sustainable Solutions -- Reporting on Impacts Required a New Tool -- Assessing Companies' Net Contribution to Sustainability Is Complicated -- Summary -- Summaries of Historical Data and Conclusions -- Sustainability Ratings -- Violations of International Norms -- Environmental Costs -- Case: Evli Bank's ESG Tool -- The Sustainability Tool Collects Key Data for Portfolio Managers and Customers -- The ESG Tool Contains Information About Companies' Sustainability and Potential Problems -- The Process of Sustainable Investing Is Built Around the Analysis Tool Sustainability Analysis Requires Several Sources of Information and Interpretation -- The ESG Analysis Tool Has Been Further Developed -- Summary -- Forward-Looking Summaries and Conclusions -- Preparedness for Climate Change -- Climate Scenarios -- Combination of Various Sustainability Aspects in Analysis -- 6 Sustainability of Various Investment Products -- Fund Selection -- Sustainability as Part of Funds' Investment Decisions and Sustainability Ratings for Funds -- Active Ownership-the Methods of Engagement Are Provided in Reports -- Assessment of Competence and Resourcing -- Reporting to Investors and Public Principles -- Case: OP Monitors the Practices of External Funds Annually -- OP Uses Extensive Surveys to Assess Funds' Sustainable Investing -- Meetings and Calls with Asset Managers Are Key Engagement Channels -- Passive Managers Are Expected to Promote Sustainability Among Investees -- Summary -- Sustainability Indices -- More Systematic Consideration of ESG in the Selection of Shares Through a Sustainable Benchmark Index -- Sustainable ETF Index Funds Increase Market Shares -- The Choices of the Service Provider Are Emphasised in the Preparation of Sustainability Indices -- Investors Choose Between Standard and Customised Indices -- Low-Carbon Indices for Climate Risk Management -- Sustainability Assessment in Various Asset Classes -- Fixed Income Investments -- Green Bonds -- Unlisted Investments -- Hedge Funds -- Opportunities for Private Investors -- Investments in Listed Shares -- Investments in Funds -- Sustainable Investing Requires Study -- References -- Part IV The Link Between Sustainability and Returns -- 7 The Nordic Perspective on Integrating ESG -- Goal and Status of Sustainable Investing -- Motivation for Sustainable Investing -- The Level of Implementation Varies -- Impacts Within Investment Organisations What Do the Principles of Responsible Investment Indicate? -- Growing Competence Requirements -- Critical Perspective -- Greenwashing or Real? -- Views on Irresponsible Investing -- With Sustainable Investing Becoming Mainstream, Will Outperformance Become a Thing of the Past? -- 8 Is Sustainable Investing Profitable? -- Research-Based Information About the Financial Profitability of Sustainability -- Sustainability Ratings and Financial Profitability Are Interrelated -- Sustainability Improves Market Value -- Sustainability Ratings Have a Positive Association with the Return on Capital Employed -- Material ESG Factors Generate Returns -- Sustainable Companies Fare Well During Recession -- Sustainable Companies During the Covid-19 Pandemic -- Lower Market Value Volatility -- Additional Premium Based on Environmental Friendliness -- Irresponsibility Destroys Returns and Capital -- Return Impacts of Various Methods of Sustainable Investing -- Active Ownership Matters -- Not All Exclusion Reduces Returns -- ESG Integration and Positive Screening Generate the Best Returns -- Challenges in Research and Criticism of Research into Sustainable Investing -- 9 What Is the Profitability of Sustainability Based on? -- The Impact of Sustainability on a Company's Profitability -- Net Sales -- Operating Costs -- Financial Costs -- Taxes -- Sustainable Investing and Economic Theory -- The Association Between Sustainability and Strategy in Value Creation -- The Role of Management -- Ethical Corporate Culture as Part of Good Governance -- References -- Part V Sustainability Trends and the Future of ESG -- 10 Changes in International Politics and Legislation -- Sustainability of the Financial System -- The EU Sustainable Finance Strategy -- The EU's Sustainable Finance Legislation Would Change Companies' Reporting Requirements The EU Is Preparing a Taxonomy of Sustainable Investments Investments-Environmental aspects Investments-Social aspects Corporate Social Responsibility (DE-588)7697760-2 gnd Investitionsanalyse (DE-588)4273190-2 gnd |
| subject_GND | (DE-588)7697760-2 (DE-588)4273190-2 |
| title | Sustainable Investing Beating the Market with ESG |
| title_auth | Sustainable Investing Beating the Market with ESG |
| title_exact_search | Sustainable Investing Beating the Market with ESG |
| title_exact_search_txtP | Sustainable Investing Beating the Market with ESG |
| title_full | Sustainable Investing Beating the Market with ESG |
| title_fullStr | Sustainable Investing Beating the Market with ESG |
| title_full_unstemmed | Sustainable Investing Beating the Market with ESG |
| title_short | Sustainable Investing |
| title_sort | sustainable investing beating the market with esg |
| title_sub | Beating the Market with ESG |
| topic | Investments-Environmental aspects Investments-Social aspects Corporate Social Responsibility (DE-588)7697760-2 gnd Investitionsanalyse (DE-588)4273190-2 gnd |
| topic_facet | Investments-Environmental aspects Investments-Social aspects Corporate Social Responsibility Investitionsanalyse |
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