In the last decade, the demand for sustainable and social investments has improved. The mutual funds industry has responded to market needs by offering a number of investment products focused on Environmental, Social and Governance (ESG) companies. The aim of this article is to understand if an ESG score can actually be considered a valid criterion that portfolio managers could adopt, along with traditional risk–return optimisation, in selecting asset portfolios. The paper analyses the link between the performance and the ESG score of different sectoral portfolios (one for each sector of the Global Industry Classification Standard), entirely composed of ESG assets, in the search for a clear and strong positive correlation that could suggest an overall advantage to focus on an ex ante choice of assets with high ESG scores.

Pampurini, F., Quaranta, A. G., Pacelli, V., Environmental, Social and Governance investing: Does rating matter?, <<BUSINESS STRATEGY AND THE ENVIRONMENT>>, 2023; 32 (1): 30-41. [doi:10.1002/bse.3116] [https://hdl.handle.net/10807/223251]

Environmental, Social and Governance investing: Does rating matter?

Pampurini, Francesca
Primo
;
Quaranta, Anna Grazia;
2023

Abstract

In the last decade, the demand for sustainable and social investments has improved. The mutual funds industry has responded to market needs by offering a number of investment products focused on Environmental, Social and Governance (ESG) companies. The aim of this article is to understand if an ESG score can actually be considered a valid criterion that portfolio managers could adopt, along with traditional risk–return optimisation, in selecting asset portfolios. The paper analyses the link between the performance and the ESG score of different sectoral portfolios (one for each sector of the Global Industry Classification Standard), entirely composed of ESG assets, in the search for a clear and strong positive correlation that could suggest an overall advantage to focus on an ex ante choice of assets with high ESG scores.
Inglese
Pampurini, F., Quaranta, A. G., Pacelli, V., Environmental, Social and Governance investing: Does rating matter?, <<BUSINESS STRATEGY AND THE ENVIRONMENT>>, 2023; 32 (1): 30-41. [doi:10.1002/bse.3116] [https://hdl.handle.net/10807/223251]
File in questo prodotto:
File Dimensione Formato  
2023_2022_Bus Strat Env_PPQ_Environmental Social and Governance investing Does rating matter.pdf

accesso aperto

Tipologia file ?: Versione Editoriale (PDF)
Licenza: Creative commons
Dimensione 1.1 MB
Formato Adobe PDF
1.1 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/223251
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact