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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3922| Title: | ESG Investing: Making Money While Doing Good |
| Authors: | Majmudar, Utkarsh |
| Keywords: | Environmental, Social, and Governance (ESG) Exclusionary/Screened Investing Negative Screening Norms-based Screening Positive Screening Quantitative strategies ESG Investing Repurposed branding |
| Issue Date: | Sep-2021 |
| Publisher: | The Financial Research and Trading Laboratory (FRTL), IIM Calcutta |
| Abstract: | Environmental, Social, and Governance (ESG) funds have grown dramatically. It is estimated that funds with ESG focus have assets under management USD37.8 trillion, which is likely to grow to over USD50 trillion by 2025 (Diab and Adams. 2021). ESG risks are now better understood than ever before. Internationally, large banks have well-capitalized programs with ESG and impact platforms, pay-for-success and green bonds, and toolkits for social capacity building. A study by the European multinational financial services company Allianz found that 64% of millennials were likely to make investment decisions based on societal problems that are important to them (Allianz. 2019) Till recently, many writers felt that ESG investing was a passing fad. That is no longer true. ESG investing has grown its roots firmly. This article explores the areas of ESG investing. I discuss how incentives are created for ESG investing, financial models/approaches for achieving focus on ESG issues. Finally, I look at the roadblocks that inhibit ESG investing. |
| Description: | Biosketch: Utkarsh Majmudar is a professional with over two decades of experience encompassing teaching, research and administration at premier business schools in India (IIM Bangalore, IIM Lucknow, IIM Udaipur etc.) and working with large corporations in India at GE Capital, iGATE and HSBC. Apart from finance, he has done significant work in the area of sustainability – conducting an annual study of the performance of companies on corporate responsibility, working with large companies, publishing cases on sustainability, and writing extensively on the theme. He has co-authored two books. The second book, Shift: Decisions for a Net Zero World, was released recently. Utkarsh is a member of the Board of Governors at IIM Raipur. |
| URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3922 |
| Appears in Collections: | Issue 2, September 2021 (9th Anniversary Issue) |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ESG Investing Making Money While Doing Good.pdf | ESG Investing: Making Money While Doing Good | 15.77 MB | Adobe PDF |  View/Open |
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