Environmental, social and governance (ESG) investing is a large and influential industry. Its activities could be illuminated, appraised and improved by academic research. Unfortunately, research to date has focused on measuring return performance. A wider range of topics is necessary before research can properly inform investors, companies and regulators. This paper contributes to the challenge by systematically exploring the literature to reveal a richer array of topics: the heterogeneous nature of ESG investing, its costs and motivations, and its management literature origins. In addition to these established topics, five emerging themes are identified: the human element, climate change, fund flows, fixed income and the rise of non-Western players.

Item Type:	Refereed Article
Keywords:	bibliography analysis, environmental, social and governance issues, responsible investing, socially responsible investing, systematic literature review
Research Division:	Commerce, Management, Tourism and Services
Research Group:	Banking, finance and investment
Research Field:	Environment and climate finance
Objective Division:	Commercial Services and Tourism
Objective Group:	Financial services
Objective Field:	Investment services (excl. superannuation)
UTAS Author:	Daugaard, D (Associate Professor Dan Daugaard)
ID Code:	146803
Year Published:	2020
Web of Science® Times Cited:	54
Deposited By:	Economics and Finance
Deposited On:	2021-09-28
Last Modified:	2021-10-18
Downloads:	0