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
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