Sustainable finance
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Published version
Author(s)
Edmans, Alex
Kacperczyk, Marcin
Type
Journal Article
Abstract
Sustainable finance—the integration of environmental, social, and governance (“ESG”) issues into financial decisions—is an increasingly important topic. Within companies, sustainability is no longer an ancillary issue confined to corporate social responsibility departments, but a CEO-level issue fundamental to the core business. Within the investment industry, sustainability used to be the exclusive domain of “socially responsible investors” who had social as well as financial objectives, but is now mainstream and includes investors with purely financial goals. This article introduces the RF Special Issue on Sustainability. It highlights three reasons for the rapid rise in sustainable finance—its financial relevance, its contribution to nonfinancial objectives, and investor tastes. It then summarizes the eight articles in the Special Issue, in particular drawing out their contributions to the literature. Finally, we offer ideas for future research.
Date Issued
2022-11-14
Date Acceptance
2022-10-01
Citation
Review of Finance, 2022, 26 (6), pp.1309-1313
ISSN
1382-6662
Publisher
Oxford University Press
Start Page
1309
End Page
1313
Journal / Book Title
Review of Finance
Volume
26
Issue
6
Copyright Statement
© The Author(s) 2022. Published by Oxford University Press on behalf of the European Finance Association.
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
License URL
Identifier
https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000885427500001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Subjects
Social Sciences
Business, Finance
Economics
Business & Economics
Sustainable finance
ESG
CSR
SRI
responsible business
Publication Status
Published
Date Publish Online
2022-10-29