×
  • June 2019 CFA Exam Level III Results: Level III exam results are being emailed to candidates on 20 August 2019, after 9:00 a.m. ET. Email delivery service varies so we cannot guarantee an exact delivery time.

    Access your detailed exam result

Abstract

Using survey data from mainstream investment organizations, we provide insights into why and how investors use reported environmental, social, and governance (ESG) information. Relevance to investment performance is the most frequent motivation, followed by client demand, product strategy, and then, ethical considerations. An important impediment to the use of ESG information is the lack of reporting standards. Among the various ESG investment styles, negative screening is perceived to be the least beneficial to investments and is driven by product and ethical considerations. Full integration and engagement are considered more beneficial and are driven by relevance to investment performance.

About the Author(s)

Amir Amel-Zadeh

Amir Amel-Zadeh is Associate Professor of Accounting at Said Business School, University of Oxford, United Kingdom.

George Serafeim

George Serafeim is the Jakurski Family Associate Professor of Business Administration at Harvard Business School, Boston.

1 CE

including 1 SER

Manage your Continuing Education credits

Categories

ESG & SRI Investing

Additional Information

Published by CFA Institute

https://doi.org/10.2469/faj.v74.n3.2

ISSN: 0015-198X

We’re using cookies, but you can turn them off in Privacy Settings. If you use the site without changing settings, you are agreeing to our use of cookies. Learn more in our Privacy Policy.