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SRIís normative and ethics-based rationale

Citation

Richardson, BJ, SRI's normative and ethics-based rationale, Encyclopedia of Business and Professional Ethics, Springer International Publishing, DC Poss and AC Michalos (ed), Australia, pp. 1-6. ISBN 978-3-319-23514-1 (2017) [Research Book Chapter]

Copyright Statement

Copyright 2017 Springer International Publishing AG

DOI: doi:10.1007/978-3-319-23514-1_35-1

Abstract

Socially responsible investment (SRI) has a long lineage. Faith-based investors practised it for centuries to ensure they did not invest in "sin." In recent decades other types of investors have embraced it, challenging apartheid, tobacco, and fossil fuel industries. The SRI sector has grown dramatically, and with this growth its rationales have changed. While some investors embrace SRI as a matter of ethical compulsion, many act for other reasons including their financial self-interest. Some may even no longer speak of SRI or "ethical investment," but instead refer to "environmental, social and governance" (ESG) issues as "financially material" (Ransome and Sampford 2011). This article evaluates the principal rationales for SRI, namely legal compliance, to avoid complicity in undesirable activities, to use leverage to enable positive change, and to accrue financial advantages.

Item Details

Item Type:Research Book Chapter
Keywords:socially responsible investment, SRI
Research Division:Law and Legal Studies
Research Group:Law
Research Field:Environmental and Natural Resources Law
Objective Division:Environment
Objective Group:Environmental Policy, Legislation and Standards
Objective Field:Environmental Policy, Legislation and Standards not elsewhere classified
Author:Richardson, BJ (Professor Benjamin Richardson)
ID Code:120503
Year Published:2017
Deposited By:Law
Deposited On:2017-08-27
Last Modified:2018-05-17
Downloads:0

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