A systematic literature review of socially responsible investment and environmental social governance metrics

Research output: Contribution to journalArticlepeer-review

51 Citations (Scopus)

Abstract

Socially responsible investment (SRI) encompasses both ethical and financial paradigms. This systematic literature review explores three key research themes within the SRI literature, identifying a significant disconnect between themes and a fixation on the financial (as opposed to ethical) paradigm. One of the foundations of SRI is environmental, social, and governance (ESG) metrics. This review confirms the importance of ESG metrics in the SRI field, as they play two crucial roles, namely, as a proxy for sustainability performance and an enabler of the SRI market. However, there are two main issues related to ESG metrics that undermine their reliability: a lack of transparency and a lack of convergence.

Original languageEnglish
Pages (from-to)619-637
Number of pages19
JournalBusiness Strategy and the Environment
Volume29
Issue number2
DOIs
Publication statusPublished - 1 Feb 2020

Keywords

  • ESG
  • literature review
  • responsible investment
  • sustainability
  • sustainable development

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