Inhalt
The SRI phenomenon is said to be
entering the mainstream of financial intermediation. From a
fairly marginal practice promoted or campaigned for by
NGO's and at odds with financial practice and orthodoxy it
grew into well formulated policy adopted by a wide range of
investors. Academic literature on SRI has also boomed on
the assumption that mainstreaming is taking place. However,
little thinking has been carried out on questions
specifically arising from this alleged 'mainstreaming'.
This book, addressed to those with a scholarly or
practitioner's interest in SRI, starts filling this
neglected dimension.
Today, one cannot ignore the difficulties of main stream
financing. The financial spheres are trembling globally in
one of the worst crises since the 1930's. As a response to
the crisis, the intermediation of 'financial
responsibility' will undoubtedly be the subject of new
regulation and scrutinizing. This book looks into what
these turbulences will imply for SRI.
In view of these circumstances, one might or even should,
ask oneself whether the phenomenon was not an empty fad
during the exuberant high of financial euphoria that came
abruptly to an end with current financial crises. To put
it rather sec: are financial intermediaries that promote
'sustainability' credible, while it is obvious that some
developments in financial intermediation -predictably, as
some say- were unsustainable?
Is this an opportunity for enhancing SRI because of the
strength and superiority it has developed or will it
disappear due to a return to financial myopia? This book is
the first to question the future of SRI in such a radical
way.
Inhaltsverzeichnis
Foreword; Alejo José G. Sison.- List
of tables.- List of figures.- About the editors.- About the
authors.- Introduction; Wim Vandekerckhove, Jos Leys,
Kristian Alm, Bert Scholtens, Silvana Signori and Henry
Schäfer.- Chapter 1. Global finance and the role of
responsible investors; Steve Waddell.- Chapter 2. New
values in responsible investment; Neil Eccles.- Chapter 3.
The legitimacy of ESG standards as an analytical framework
for responsible investment;
Tim Cadman.- Chapter 4. Reputational penalties in financial
markets: an ethical mechanism?; Peter-Jan Engelen and Marc
van Essen.- Chapter 5. The financial performance of RI
funds after 2000; Olaf Weber, Marco Mansfeld and Eric
Schirrmann.- Chapter 6. Responsible investment by pension
funds after the financial crisis; Riikka Sievänen.- Chapter
7. Private equity as an emerging asset class of responsible
investment; Barbara Del Bosco and Nicola Misani.- Chapter
8. Responsible investment and exclusion criteria: a case
study from a Catholic Private Bank; Michael S. Aßländer and
Markus Schenkel.- Chapter 9. Islamic Banking and
responsible investment: is a fusion possible?; Reza Zain
Jaufeerally.- Chapter 10. What are your investments doing
right now?; Joakim Sandberg.- Chapter 11. Sustainability
and social justice; Johan A. Klaassen.- Chapter 12.Reality
and Potential of responsible investment; Carlos Joly.-
Chapter 13. Why responsible investing?; Henrik Syse.- Post
scripta - an Owl's view; Jos Leys, Bert Scholtens, Henry
Schäfer, Wim Vandekerckhove, Kristian Alm and Silvana
Signori.- Index.