ESG: a new dimension in portfolio allocation
نویسندگان
چکیده
In this paper, we examine the impact of including environmental, social and governance (ESG) criteria in allocation equity portfolios. We focus on risk return characteristics resulting ESG portfolios investment strategies. Two specific measures are considered to quantify performance a company; rating greenhouse gas (GHG) emission intensity. For both measures, carry out empirical portfolio analyses with assets either STOXX Europe 600 or Russell 1000 index. The data analysis does not provide clear-cut evidence for enhanced high low scores. moreover illustrate that choice agency has an ESG-constrained GHG intensities shows reduced emissions do necessarily have increased diminished returns.
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ژورنال
عنوان ژورنال: Journal of sustainable finance & investment
سال: 2021
ISSN: ['2043-0809', '2043-0795']
DOI: https://doi.org/10.1080/20430795.2021.1923336