Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment

Paper

Cadman, Tim. 2010. "Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment." Principles for Responsible Investment Academic Conference (PRI 2010) . Copenhagen, Denmark 05 - 07 May 2010 Copenhagen, Denmark.
Paper/Presentation Title

Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment

Presentation TypePaper
Authors
AuthorCadman, Tim
Journal or Proceedings TitleProceedings of the Principles for Responsible Investment Academic Conference (PRI 2010)
Number of Pages19
Year2010
Place of PublicationCopenhagen, Denmark
Web Address (URL) of Paperhttp://www.unpri.org/academic10/PRI%20Academic%20Conference%20Agenda_270410.pdf
Conference/EventPrinciples for Responsible Investment Academic Conference (PRI 2010)
Event Details
Principles for Responsible Investment Academic Conference (PRI 2010)
Event Date
05 to end of 07 May 2010
Event Location
Copenhagen, Denmark
Abstract

The transition of global financial markets towards investment models that incorporate environmental and social dimensions is now well underway. This paper discusses the evolution of contemporary responsible investment (RI) and
its relationship to sustainable development and environmental social governance(ESG). In the conception of ESG presented here, various well-known institutional arrangements, most notably interest representation, accountability and transparency, decision-making, and implementation are linked to the structures and processes of governance. Using a hierarchical framework of principles, criteria and indicators (PC&I), the paper presents a means for evaluating RI by way of an analysis of stakeholder perceptions regarding the sector’s governance quality. It concludes with some observations on the
challenges confronting RI, notably the need for universally consistent quality of governance standards.

Keywordsfinancial markets; environmental economics; socially responsible investments; accountability; transparency
ANZSRC Field of Research 2020500102. Business ethics
350799. Strategy, management and organisational behaviour not elsewhere classified
350107. Sustainability accounting and reporting
Public Notes

Paper no. 6

Byline AffiliationsFaculty of Business and Law
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q0x08/beyond-economic-sustainability-embedding-social-and-environmental-values-in-the-governance-of-responsible-investment

Log in to edit

Download files

Published Version
Cadman_PV.pdf
File access level: Anyone

  • 1660
    total views
  • 146
    total downloads
  • 3
    views this month
  • 1
    downloads this month

Export as

Related outputs

Local stakeholders’ priorities and perceptions towards forest ecosystem services in the Red panda habitat region of Nepal
Koju, Upama, Karki, Sikha, Shrestha, Anita, Maraseni, Tek, Gautam, Ambika P., Cadman, Tim, Sherpa, Ang Phuri and Lama, Sonam Tashi. 2023. "Local stakeholders’ priorities and perceptions towards forest ecosystem services in the Red panda habitat region of Nepal." Land Use Policy: the international journal covering all aspects of land use. 129. https://doi.org/10.1016/j.landusepol.2023.106657
Forest Governance in Nepal concerning Sustainable Community Forest Management and Red Panda Conservation
Cadman, Timothy, Maraseni, Tek, Koju, Upama Ashish, Shrestha, Anita and Karki, Sikha. 2023. "Forest Governance in Nepal concerning Sustainable Community Forest Management and Red Panda Conservation." Land. 12 (2). https://doi.org/10.3390/land12020493
Evaluating the governance of sustainable development: The quality and legitimacy of the blue economy
Maraseni, Tek, Karki, Sikha, Koju, Upama, Shrestha, Anita and Cadman, Timothy. 2022. "Evaluating the governance of sustainable development: The quality and legitimacy of the blue economy." Cadman, Timothy and Sarkar, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Germany. Walter de Gruyter. pp. 567-597
De Gruyter Handbook of Sustainable Development and Finance
Cadman, Tim and Sarker, Tapan. Cadman, Tim and Sarker, Tapan (ed.) 2022. De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter.
Stakeholder perspectives on the effectiveness of governance in red panda conservation programmes in Nepal: a comparative analysis
Shrestha, Anita, Karki, Sikha, Koju, Upama, Maraseni, Tek, Gautam, Ambika P., Cadman, Tim and Baral, Sony. 2022. "Stakeholder perspectives on the effectiveness of governance in red panda conservation programmes in Nepal: a comparative analysis." Ecosystems and People. 18 (1), pp. 547-565. https://doi.org/10.1080/26395916.2022.2121762
Applying landscape-level principles to koala management in Australia: a comparative analysis
Schlagloth, Rolf, Morgan, Edward A., Cadman, Timothy, Santamaria, Flavia, McGinnis, Gabrielle, Thomson, Hedley, Kerlin, Douglas H., Maraseni, Tek Narayan, Cahir, Fred, Clark, Ian D., Clode, Danielle and Mcewan, Alexandra. 2024. "Applying landscape-level principles to koala management in Australia: a comparative analysis." Journal of Environmental Planning and Management. 67 (3), pp. 542-563. https://doi.org/10.1080/09640568.2022.2124154
Sustainable ocean development and the blue economy
Cadman, Tim, Sarker, Tapan, Karki, Sikha and Marshallsay, Rebecca. 2022. "Sustainable ocean development and the blue economy." Cadman, Tim and Sarker, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter GmbH (European Journal of Nanomedicine). pp. 497-509
Climate finance for sustainable development
Cadman, Tim and Sarker, Tapan. 2022. "Climate finance for sustainable development." Cadman, Tim and Sarker, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter GmbH (European Journal of Nanomedicine). pp. 385-395
Private finance for sustainable development
Sarker, Tapan and Cadman, Tim. 2022. "Private finance for sustainable development." Cadman, Tim and Sarker, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter GmbH (European Journal of Nanomedicine). pp. 251-264
Public finance for sustainable development
Sarker, Tapan and Cadman, Tim. 2022. "Public finance for sustainable development." Cadman, Tim and Sarker, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter GmbH (European Journal of Nanomedicine). pp. 141-152
Origins and evolution of sustainable development and finance
Cadman, Tim and Sarker, Tapan. 2022. "Origins and evolution of sustainable development and finance." Cadman, Tim and Sarker, Tapan (ed.) De Gruyter Handbook of Sustainable Development and Finance. Berlin, Germany. Walter de Gruyter GmbH (European Journal of Nanomedicine). pp. 3-14
Stakeholder participation in IPBES: connecting local environmental work with global decision making
Krug, Cornelia B., Sterling, Eleanor, Cadman, Timothy, Geschke, Jonas, Schliep, Rainer, Drummond de Castro, Paula F., Osemwegie, Isimemen, Muller-Karger, Frank E. and Maraseni, Tek. 2020. "Stakeholder participation in IPBES: connecting local environmental work with global decision making." Ecosystems and People. 16 (1), pp. 197-211. https://doi.org/10.1080/26395916.2020.1788643
Does REDD+ Ensure Sectoral Coordination and Stakeholder Participation? A Comparative Analysis of REDD+ National Governance Structures in Countries of Asia-Pacific Region
Fujisaki, Taiji, Hyakumura, Kimihiko, Scheyvens, Henry and Cadman, Tim. 2016. "Does REDD+ Ensure Sectoral Coordination and Stakeholder Participation? A Comparative Analysis of REDD+ National Governance Structures in Countries of Asia-Pacific Region." Forests. 7 (9), pp. 1-17. https://doi.org/10.3390/f7090195
Rural Transformation of a Village in Telangana, A Study of Dokur since 1970s
Reddy, A. Amarender, Rani, Ch Radhika, Cadman, Tim, Reddy, T Prabhakar, Battarai, Madhusudan and Reddy, Anugula N.. 2016. "Rural Transformation of a Village in Telangana, A Study of Dokur since 1970s." International Journal of Rural Management. 12 (2), pp. 143-178. https://doi.org/10.1177/0973005216665944
Incentives and disincentives for reducing emissions under REDD+ in Indonesia
Nurfatriani, Fitri, Salminah, Mimi, Cadman, Tim and Sarker, Tapan. 2018. "Incentives and disincentives for reducing emissions under REDD+ in Indonesia." Hossain, Moazzem, Hales, Robert and Sarker, Tapan (ed.) Pathways to a Sustainable Economy: Bridging the Gap between Paris Climate Change Commitments and Net Zero Emissions. Switzerland. Springer. pp. 191-207
Sustainable development and finance post-pandemic – future directions and challenges
Cadman, Timothy and Sarker, Tapan. 2022. "Sustainable development and finance post-pandemic – future directions and challenges." De Gruyter Handbook of Sustainable Development and Finance. Germany. Walter de Gruyter. pp. 653-665
COP26 and a Framework for Future Global Agreements on Carbon Market Integrity
Cadman, T. and Hales, Robert. 2022. "COP26 and a Framework for Future Global Agreements on Carbon Market Integrity." International Journal of Social Quality. 12 (1), pp. 76-99. https://doi.org/10.3167/IJSQ.2022.120105
Reaching over the gap: a review of trends in and status of Red Panda research over 193 years (1827-2020)
Karki, Sikha, Maraseni, Tek, Mackey, Brendan, Bista, Damber, Lama, Sonam Tashi, Gautam, Ambika P., Sherpa, Ang Phuri, Koju, Upama, Shrestha, Anita and Cadman, Tim. 2021. "Reaching over the gap: a review of trends in and status of Red Panda research over 193 years (1827-2020)." Science of the Total Environment. 781, pp. 1-12. https://doi.org/10.1016/j.scitotenv.2021.146659
An assessment of governance quality for community-based forest management systems in Asia: Prioritisation of governance indicators at various scales
Maraseni, Tek Narayan, Bhattarai, Nabin, Karky, Bhaskar Singh, Cadman, Timothy, Timalsina, Niroj, Bhandari, Trishna Singh, Apan, Armando, Ma, Hwan Ok, Rawat, R. S., Verma, Nemit, San, Su Mon, Oo, Thaung Naing, Dorji, Kinley, Dhungana, Sindhu and Poudel, Mohan. 2019. "An assessment of governance quality for community-based forest management systems in Asia: Prioritisation of governance indicators at various scales." Land Use Policy: the international journal covering all aspects of land use. 81, pp. 750-671. https://doi.org/10.1016/j.landusepol.2018.11.044
The role of fiscal instruments in encouraging the private sector and smallholders to reduce emissions from deforestation and forest degradation: Evidence from Indonesia
Cadman, Tim, Sarker, Tapan, Muttaqin, Zahrul, Nurfatriani, Firti and Maraseni, Tek. 2019. "The role of fiscal instruments in encouraging the private sector and smallholders to reduce emissions from deforestation and forest degradation: Evidence from Indonesia." Forest Policy and Economics. 108, pp. 1-10. https://doi.org/10.1016/j.forpol.2019.04.017
Representing whose access and allocation interests? Stakeholder perceptions and interests representation in climate governance
Cadman, Timothy, Maraseni, Tek, Breakey, Hugh and Ma, Hwan-ok. 2019. "Representing whose access and allocation interests? Stakeholder perceptions and interests representation in climate governance." Edmondson, Beth and Levy, Stuart (ed.) Transformative climates and accountable governance. Cham, Switzerland. Palgrave Macmillan. pp. 223-248
Monitoring REDD+ governance: criteria and indicators-based approach to sustainable forest management in Nepal
Cadman, T., Maraseni, T. and Lopez-Casero, F.. 2018. "Monitoring REDD+ governance: criteria and indicators-based approach to sustainable forest management in Nepal." Dhungana, Sindhu, Poudel, Mohan and Bhandari, Trishna Singh (ed.) REDD+ in Nepal: experiences from the REDD Readiness Phase. Kathmandu, Nepal. Government of Nepal, Ministry of Forests and Environment. pp. 101-109
Comparative evaluation of zero deforestation governance
Cadman, Tim, Maraseni, Tek, Sarker, Tapan and Ma, Hwan Ok. 2017. "Comparative evaluation of zero deforestation governance." EFTRN News. 58, pp. 161-168.
Business, organised labour and climate policy: forging a role at the negotiation table
Glynn, Peter J., Cadman, Tomothy and Maraseni, Tek Narayan. 2017. Business, organised labour and climate policy: forging a role at the negotiation table. Cheltenham, United Kingdom. Edward Elgar Publishing.
Introduction: Global Governance and Climate Change
Cadman, Timothy. 2013. "Introduction: Global Governance and Climate Change ." Cadman, Tim (ed.) Climate Change and Global Policy Regimes:Towards Institutional Legitimacy. United Kingdom. Palgrave Macmillan. pp. 1-16
Applying an Empirical Evaluation to the Governance Legitimacy of Carbon Offset Mechanisms on the Basis of Stakeholder Perceptions
Cadman, Tim. 2013. "Applying an Empirical Evaluation to the Governance Legitimacy of Carbon Offset Mechanisms on the Basis of Stakeholder Perceptions ." Cadman, Tim (ed.) Climate Change and Global Policy Regimes:Towards Institutional Legitimacy. United Kingdom. Palgrave Macmillan. pp. 79-95
Governance values in the climate change regime: stakeholder perceptions of REDD+ legitimacy at the national level
Cadman, Timothy, Maraseni, Tek, Breakey, Hugh, Lopez-Casero, Federoico and Ma, Hwan Ok. 2016. "Governance values in the climate change regime: stakeholder perceptions of REDD+ legitimacy at the national level." Forests. 7 (10), pp. 212-228. https://doi.org/10.3390/f7100212
Five years of REDD+ governance: the use of market mechanisms as a response to anthropogenic climate change
Cadman, Timothy, Maraseni, Tek, Ok Ma, Hwan and Lopez-Casero, Federico. 2017. "Five years of REDD+ governance: the use of market mechanisms as a response to anthropogenic climate change." Forest Policy and Economics. 79, pp. 8-16. https://doi.org/10.1016/j.forpol.2016.03.008
Developing sustainable governance systems at the regional level: the case of emissions trading
Cadman, Tim, Hume, Margee, Maraseni, Tek and Lopez-Casero, Federico. 2015. "Developing sustainable governance systems at the regional level: the case of emissions trading." Thomas, Ken D. (ed.) Handbook of research on sustainable development and economics. United States. IGI Global. pp. 248-266
The Political economy of sustainable development: policy instruments and market mechanisms
Cadman, Tim, Eastwood, Lauren, Lopez-Casero Michaelis, Federico, Maraseni, Tek, Pittock, Jamie and Sarker, Tapan. 2015. The Political economy of sustainable development: policy instruments and market mechanisms. Cheltenham, Northampton,United Kingdom. Edward Elgar Publishing.
A comparative analysis of global stakeholders’ perceptions of the governance quality of the clean development mechanism (CDM) and reducing emissions from deforestation and forest degradation (REDD+)
Maraseni, Tek Narayan and Cadman, Tim. 2015. "A comparative analysis of global stakeholders’ perceptions of the governance quality of the clean development mechanism (CDM) and reducing emissions from deforestation and forest degradation (REDD+)." International Journal of Environmental Studies. 72 (2), pp. 288-304. https://doi.org/10.1080/00207233.2014.993569
Developing forest-sector and REDD+ governance: a multi-stage, multi-level and multi-stakeholder approach in Nepal
Lopez-Casero, Federico, Cadman, Tim and Maraseni, Tek. 2014. "Developing forest-sector and REDD+ governance: a multi-stage, multi-level and multi-stakeholder approach in Nepal." Policy in Focus.
An assessment of the impacts of the REDD+ pilot project on community forests user groups (CFUGs) and their community forests in Nepal
Maraseni, T. N., Neupane, P. R., Lopez-Casero, F. and Cadman, T.. 2014. "An assessment of the impacts of the REDD+ pilot project on community forests user groups (CFUGs) and their community forests in Nepal." Journal of Environmental Management. 136, pp. 37-46. https://doi.org/10.1016/j.jenvman.2014.01.011
Addressing the participation gap in institutional investment: an assessment framework and preliminary results
Cadman, Tim and Maraseni, Tek. 2014. "Addressing the participation gap in institutional investment: an assessment framework and preliminary results." Hawley, James P., Hoepner, Andreas G. F., Johnson, Keith L., Sandberg, Joakim and Waitzer, Edward W. (ed.) Cambridge handbook of institutional investment and fiduciary duty. Cambridge, United Kingdom. Cambridge University Press. pp. 452-465
Quality-of-governance standards for carbon emissions trading: developing REDD+ governance through a multi-stage, multi-level and multi-stakeholder approach
Lopez-Casero, Federico, Cadman, Tim and Maraseni, Tek. 2013. Quality-of-governance standards for carbon emissions trading: developing REDD+ governance through a multi-stage, multi-level and multi-stakeholder approach. Hayama, Japan. Institute for Global Environmental Strategies (IGES).
More equal than others? A comparative analysis of state and non-state perceptions of interest representation and decision-making in REDD+ negotiations
Cadman, Tim and Maraseni, Tek. 2013. "More equal than others? A comparative analysis of state and non-state perceptions of interest representation and decision-making in REDD+ negotiations." Innovation: the European Journal of Social Science Research. 26 (3), pp. 214-230. https://doi.org/10.1080/13511610.2013.771880
Governing the forests: an institutional analysis of REDD+ and community forest management in Asia
de Oliveira, Jose Puppim, Cadman, Tim, Ma, Hwan Ok, Maraseni, Tek, Koli, Anar, Jadhav, Yogesh D. and Prabowo, Dede. 2013. Governing the forests: an institutional analysis of REDD+ and community forest management in Asia. Yokohama, Japan. International Tropical Timber Organization (ITTO) / United Nations University Institute of Advanced Studies (UNU-IAS), Yokohama, Japan.
Development of draft quality-of-governance standards for climate change mitigation and beyond: groundtruthing of developed verifiers in REDD+ pilot area, Nepal
Maraseni, Tek, Neupane, Prem Raj, Lopez, Federcio and Cadman, Tim. 2012. Development of draft quality-of-governance standards for climate change mitigation and beyond: groundtruthing of developed verifiers in REDD+ pilot area, Nepal. Brisbane, Australia. Griffith University.
Enhancing the value of multiple use plantations: a case study from southeast Queensland, Australia
Maraseni, Tek Narayan, Cockfield, Geoff, Cadman, Tim, Chen, Guangnan and Qu, Jiansheng. 2012. "Enhancing the value of multiple use plantations: a case study from southeast Queensland, Australia." Agroforestry Systems. 86 (3), pp. 451-462. https://doi.org/10.1007/s10457-012-9506-8
Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment
Cadman, Tim. 2011. "Beyond economic sustainability: embedding social and environmental values in the governance of responsible investment." Dynamics of Investing Responsibly: From Screening to Mainstreaming (2011). Sydney, Australia 24 - 25 Nov 2011 Sydney, Australia.
The governance of REDD+: an institutional analysis in the Asia Pacific region and beyond
Cadman, Tim and Maraseni, Tek. 2012. "The governance of REDD+: an institutional analysis in the Asia Pacific region and beyond." Journal of Environmental Planning and Management. 55 (5), pp. 617-635. https://doi.org/10.1080/09640568.2011.619851
Developing sustainable governance systems for regional sustainability programmes and 'green' business practices: the case of 'green' timber
Cadman, Tim and Hume, Margee. 2012. "Developing sustainable governance systems for regional sustainability programmes and 'green' business practices: the case of 'green' timber." Tortora, Marco (ed.) Sustainable systems and energy management at the regional level: comparative approaches. Hershey, PA. United States. IGI Global. pp. 365-382
The legitimacy of ESG standards as an analytical framework for responsible investment
Cadman, Tim. 2011. "The legitimacy of ESG standards as an analytical framework for responsible investment." Vandekerckhove, Wim, Leys, Jos, Alm, Kristian, Scholtens, Bert, Signori, Silvana and Schafer, Henry (ed.) Responsible investing in times of turmoil. Dordrecht, Germany. Springer. pp. 35-53
Evaluating the governance of responsible investment institutions: an environmental and social perspective
Cadman, Timothy. 2011. "Evaluating the governance of responsible investment institutions: an environmental and social perspective." Journal of Sustainable Finance and Investment. 1 (1), pp. 20-29. https://doi.org/10.3763/jsfi.2010.0004
Quality and legitimacy of global governance: case lessons from forestry
Cadman, Timothy. 2011. Quality and legitimacy of global governance: case lessons from forestry. Basingstoke, Hampshire, United Kingdom. Palgrave Macmillan.
The governance of climate change: evaluating the governance quality and legitimacy of the United Nations' REDD-plus programme
Cadman, Tim and Maraseni, Tek. 2011. "The governance of climate change: evaluating the governance quality and legitimacy of the United Nations' REDD-plus programme." The International Journal of Climate Change: Impacts and Responses. 2 (3), pp. 103-124.