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

By Luluk Widyawati. Business Strategy and the Environment, 2019

334 citations recorded by the source corpus.

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.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f0f40c2ccee9bbbc2efc480819e431e2596ea9ea

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

In Strategy and Management

Citations in the corpus

Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research (2022, positive): “…as climate ﬁnance, carbon and ESG disclosure, green bonds, and socially responsible investment (Alsaiﬁ et al., 2020; Barua & Chiesa, 2019; Lokuwaduge & Heenetigala, 2017; Migliorelli, 2021; OECD, 2020; Widyawati, 2020), all of which can be covered under our umbrella deﬁnition of sustainable ﬁnance.”
Sustainable development and financial system: IntegratingESGrisks through sustainable investment strategies in a climate change context (2021, background): “Academic literature on SI is broadening the scope of its attention to transcend the exhausted discussion (Juravle & Lewis, 2008) of the difference of performance between SI and conventional investments, paying more attention to ESG risk considerations and ESG risk metrics (Widyawati, 2020).”
Banks and environmental, social and governance drivers: Follow the market or the authorities? (2021, positive): “, 2018), governance and CFP (Aebi, Sabato, & Schmid, 2012; Cek & Eyupoglu, 2020; Cucari et al., 2018; Peng & Isa, 2020; Velte, 2019; Widyawati, 2020; Yoon et al., 2018), and environmental and CFP (Peng & Isa, 2020; Velte, 2019; Yoon et al.”