Environmental, Social, and Governance (ESG) Issues in Investing

 

We believe that every investment analyst should know about the risks and opportunities of environmental, social, and governance (ESG) issues. We help investment professionals better understand ESG issues in investing through our educational programs and learning opportunities for continuing professional development.

The ESG investing ethos embodies our efforts to promote a fiduciary culture and a more sustainable form of capitalism through our Future of Finance initiative. This is a global effort to shape a more trustworthy, forward-thinking financial industry that better serves society.

Read Promoting Responsible and Sustainable Investing: CFA Institute ESG and Sustainability Initiatives (PDF)

Also download ESG in Equity Analysis and Credit Analysis, (PDF), a guide on what environmental, social, and governance (ESG) integration is and how it is performed, including case studies.

ESG in the CFA® Program

The current CFA Program curriculum discusses ESG and socially responsible investing (SRI) issues across Levels I, II and III, such as: ESG risk exposure analysis, corporate governance valuation implications, and positive and negative SRI screen impact on portfolio style characteristics.

We will continue to evaluate the volume and emphasis of ESG issues in the CFA Program curriculum.

Get Involved with ESG Issues

Our ESG Resources

As interest in ESG and other socially-aware strategies has risen over time, we have been providing resources for those who wish to consider these factors in their investment approach. We invite you to learn more through the collection of resources offered here.

eLearning

ESG Investing: A Comprehensive Overview
This online course is an introduction to Environmental, Social, and Governance (ESG) issues in Sustainable, Responsible, and Impact investing (SRI).

Major Publications

Articles

General

Environmental

Social

  • Generous Profits by Peter Shadbolt, CFA Institute Magazine, January/February 2014

Governance

Blog Posts

2017

2016

2015

2014

Videos and Podcasts

Our collection of ESG-related multimedia products includes dozens of video and audio recordings from leaders in the industry.

View our collection of ESG-related videos and podcasts.

External Articles and Resources